540 N Lake Shore Drive

About the Building

Although it is just one of the residential developments in the fashionable Streeterville neighborhood, this vintage residential mid-rise at 540 N. Lake Shore Drive stands out from the rest for its elegance and comfort. These beautifully-crafted condos provide quality construction, spacious layouts and all the modern amenities you need to live in comfort and luxury. The various floorplans cater to single residents and families alike, ranging from studios to 2-bedroom residents that will house the whole family. Also, cats are welcome, but dogs are not permitted.

Just to give you the big picture, the units here average around 1,000 square feet, with the smallest studios including 600 square feet of living area, and the largest ones span 1500 square feet. In addition to a varying number of bedrooms, the range of dwellings here accommodate with different sized kitchens, living rooms, dining rooms and family rooms. For example, if you love to cook and require large countertops, there are 64 square-foot kitchens, not to mention 360 square-foot dining room in which to serve your creations.

In addition to learning the size of the place - and whether you'll be able to fit your sectional sofa in the living room - potential buyers also find it helpful to get the lowdown on the selling history and current trends of properties in the building. Depending on the number of bedrooms, the average market time for a property in this building tends to fluctuate. For instance, a studio in 540 N. Lake Shore Drive typically stays on the market for up to 60 days. And to give you an idea of the going rate today for real estate at this particular site, a studio sold for $199,750 in November of 2005.