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    505 N Lake Shore Dr, Unit B34 Chicago, IL 60611

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    For Sale
    $75,000

    Parking space on the 1st floor of the garage.

    Property Features for 505 N Lake Shore Dr

    General Information

    Standard status
    Active

    Source: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO Agent MIA WILKINSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Parking Space For Sale

    This property features a prime parking space located on the first floor of a garage. The space is noted for its ease of parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Total Shade Inc. Manufacturer Wakensys Corporation Software Company Lake Point Tower ... Dental Implants Periodontist Ribbeck Law Chartered Attorney Chip Law Group Law Firm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Instant Luxury Rentals | Exotic Car Rental Chicago, Luxury Car Rental Chicago | Exotic Car Rental Chicago, SNK IMPORTS, Exotic Car Rental Chicago | Instant Luxury Rentals, Goat Auto Rentals

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6127265
    Latitude
    41.8915354

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    FAQs

    What type of property is this?
    Parking lot & garage - Parking space on the 1st floor of the garage.
    Where is this parking lot & garage located?
    The property is located at 505 N Lake Shore Dr, Unit B34 Chicago, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Prime parking space available!; - Convenient 1st floor location.; - Includes garage parking.
    Request Owner's contact information
    505 N Lake Shore Dr, Unit B34 Chicago, IL 60611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 N Lake Shore Dr, Unit B34 Chicago, IL 60611
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