Lasalle Terrace

About the Building

LaSalle Terrace is just one condo development in the Gold Coast neighborhood that offers spacious units, quality construction and all the amenities you need to live in comfort. Located at 1540 N. LaSalle, the structure has been around since 1974 and has 140 separate units with assigned/deeded parking for residents with vehicles.

LaSalle Terrace is a striking development offering units with a number of different layouts and an average of 550 square feet of living space. The various floorplans include anywhere from studio to 2 bedrooms with an average master bedroom size of 200+ square feet. Typically, the kitchens are 87 square feet, providing plenty of space to cook dinner for the family, or whip up a feast to entertain friends at your new home. And speaking of entertaining, the living rooms in this building are designed with up to 340 square feet of floor space-enough to host small get-togethers, or just lounge around on your own in wide open privacy.

No matter where you live, there are some essential amenities that, in this day and age, we just expect to have. Other features are an added bonus that make the city lifestyle that much sweeter. LaSalle Terrace incorporates the necessities with a touch of luxury from the rooftop aspects to handy building services to the critical elements back in your private abode. Luxury amenities or not, sometimes the most important factor in purchasing a new home is whether or not your four-legged family member can move in with you. This residential building is pet friendly, so start scoping out the perfect new spot for your furry friend's water bowl.

In addition to the basics of the building, you probably want the nitty-gritty behind the facade, too. Like how much can you expect to pay annually in assessments and taxes? Well, the average assessments for this sought-after Chicago residence are $260 per month, on top of taxes that typically cost $1,463 per year. And just to help you weigh out the nuts and bolts of purchasing a piece of real estate here, as opposed to some other building, we've compiled the most up-to-date data to suffice a comparison.

The price per square foot for property at 1540 N. LaSalle is $260, with an average square footage of 550. The standard length of time a unit in this building stays on the market (between listing and closing) is 68 days. Just to give you an idea of the going rate today for this particular site, a studio sold for $171,000 around in May of 2007. There are currently a few studio residences available in LaSalle Terrace, with an average listing price around $167,350.