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3550 N Lake Shore Dr Apt 516
Condo
New
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$410,000

$328/sqft

3550 N Lake Shore Dr Apt 516, Chicago

65% below median
2 bd·2 ba·1,250 sqft
Built 1962Lake View

3550 N Lake Shore Dr Apt 516, Chicago, IL

2 bd · 2 ba · 1,250 sqft Condo listed at $410,000, built in 1962 in the Lake View neighborhood.

About this home

Bright and inviting residence in the desirable lakefront building at 3550 N Lake Shore Dr, Northeast corner unit featuring peaceful treetop views and Belmont Harbor. The well-maintained home offers a spacious layout filled with natural light and comfortable living space. Beautiful Scavolini designer kitchen with granite countertops. Residents enjoy full-service amenities including 24-hour door staff, fitness center, and a rooftop deck with sweeping views of Lake Michigan and the Chicago skyline. Ideally located steps from the lakefront trail, parks, dining, and public transportation-perfect for enjoying the best of Lakeview living. Attached valet garage parking is available for $165. Monthly assessment includes heat, water and cable. Building doesn't allow dog, but cats ok. No rental cap but owners must own for 18 months before renting. Building reserve is approximate $9 million. Property taxes do not reflect a homeowner's exemption.

Property details

Price
$410,000
Bedrooms
2
Bathrooms
2
Interior
1,250 sqft
Price / sqft
$328
Year built
1962
Type
Condo
Days on market
25
Est. property tax
$8,528/yr · $711/mo · 2.08% IL avg
HOA
$922/mo
Last sold
$254,500 · Nov 2014

Estimated monthly payment

Down payment20% ($82,000)
Interest rate6.75%
Principal & Interest$2,127
Property Tax$376
Insurance$150
Total$2,653/mo

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Price history

$451K$206K$-39K$275K on Jun 12 (Initial list)$275K on Jun 13 (Price change)$260K on May 14 (Initial list)$260K on Jun 14 (Price change)$250K on Jun 14 (Initial list)$265K on Sep 14 (Price change)$265K on Sep 14 (Initial list)$265K on Sep 14 (Price change)$255K on Oct 14 (Sold)$255K on Nov 14 (Sold)$325K on May 18 (Initial list)$319K on Jul 18 (Price change)$309K on Sep 18 (Price change)$309K on Nov 18 (Price change)$309K on Nov 18 (Price change)$295K on Nov 18 (Initial list)$3K on Nov 18 (Price change)$289K on Jan 19 (Price change)$2K on Jan 19 (Price change)$2K on Mar 19 (Price change)$289K on Mar 19 (Price change)$3K on Feb 23 (Price change)$3K on Mar 23 (Price change)$3K on Mar 24 (Price change)$3K on Mar 24 (Price change)$410K on Mar 26 (Initial list)
$275K · Jun 12$410K · Mar 26
  1. Mar 31, 2026$410,000Initial list price
  2. Mar 16, 2024$2,900Price change
  3. Mar 6, 2024$2,900Price change
  4. Mar 16, 2023$2,800Price change
  5. Feb 17, 2023$2,800Price change
  6. Mar 20, 2019$289,000Price change
  7. Mar 1, 2019$2,200Price change
  8. Jan 29, 2019$2,200Price change
  9. Jan 29, 2019$289,000Price change
  10. Nov 9, 2018$2,500Price change
  11. Nov 7, 2018$295,000Initial list price
  12. Nov 7, 2018$309,000Price change
  13. Nov 5, 2018$309,000Price change
  14. Sep 3, 2018$309,000Price change
  15. Jul 5, 2018$319,000Price change
  16. May 7, 2018$325,000Initial list price
  17. Nov 13, 2014$254,500Sold
  18. Oct 10, 2014$254,500Sold
  19. Sep 9, 2014$264,500Price change
  20. Sep 9, 2014$264,500Initial list price
  21. Sep 7, 2014$264,500Price change
  22. Jun 11, 2014$249,900Initial list price
  23. Jun 11, 2014$259,900Price change
  24. May 18, 2014$259,900Initial list price
  25. Jun 17, 2013$275,000Price change
  26. Jun 26, 2012$275,000Initial list price

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 3550 N Lake Shore Dr Apt 516, Chicago
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Home Intelligence

Neighborhood (zip 60657)

This neighborhood skews young (median age 30.9) and is highly educated (49% hold a bachelor's degree) and is primarily renter-occupied (38% owner-occupied). Median household income is $105,428.

Median income
$105,428
Median age
30.9
Owner-occupied
37.7%
Bachelor's degree
48.9%
Census median home value
$526,600

Source: US Census Bureau American Community Survey 5-year estimates.

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