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Lakefront Residential Income Property
For Sale
Contact for pricing
Pending

1240 N Lake Shore Dr, Chicago, IL 60610

Three-bedroom residence with lake views, custom finishes, extensive storage, and full-service building amenities.

Property SizeContact for details
Days on Market147

Property Features for 1240 N Lake Shore Dr

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 3BR/3BA
Multifamily Units 1

Additional Details

Road Access Yes

Amenities

24-hour doorman
fitness center
party room with kitchen
bike room
renovated sundeck with grills
valet garage parking
guest parking
in-unit washer dryer
heated floors
Listing Agency: @properties Christie's International Real Estate
Listed By: Susie Pearson · License #IL 475091463
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Sep 1 at 3:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This three-bedroom, three-bath residence occupies a floor in a 54-unit boutique building with two units per floor. East-facing, floor-to-ceiling windows provide lake views, while the bedrooms offer west-facing exposures. The home includes custom built-ins, Neff cabinetry, granite countertops, a Sub-Zero refrigerator, Bosch appliances, in-unit laundry, and substantial storage. The primary suite features a walk-in closet, marble shower, double vanity, heated floors, and a built-in linen closet.

Building amenities include a 24-hour doorman, on-site engineer, renovated sundeck with grills, fitness center, party room with kitchen, bike room, valet garage parking, guest parking, and one weekly car wash. The property is located on N Lake Shore Drive near Michigan Avenue, the Gold Coast, and area restaurants.

Key Highlights

  • Three‑bedroom, three‑bath residence in a 54‑unit boutique building
  • 40 feet of east‑facing, floor‑to‑ceiling windows with lake views
  • Custom built‑ins, Neff cabinetry, granite counters, Sub‑Zero refrigerator, and Bosch appliances

Property Analytics

Current Use

Wright Digital Media Media Distribution Reyman Associates Employment Agency 1240 N Lake ... Condominium Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Food Market Restaurant Tattoo & Piercing Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

7,176
Businesses Nearby

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Three-bedroom residence with lake views, custom finishes, extensive storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 1240 N Lake Shore Dr Chicago, IL.
What are key features of this property?
This property features: Three‑bedroom, three‑bath residence in a 54‑unit boutique building; 40 feet of east‑facing, floor‑to‑ceiling windows with lake views; Custom built‑ins, Neff cabinetry, granite counters, Sub‑Zero refrigerator, and Bosch appliances
More about this property
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