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    850 N Lake Shore Dr, Unit 401 Chicago, IL 60611

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    For Sale
    $599,000

    Renovated historical building with modern amenities and lakefront location.

    Property size:
    1,416 SF

    Property Features for 850 N Lake Shore Dr

    General Information

    Size
    1,416 SF

    Building Details

    Year built
    1927

    Source: KW ONEChicago Agent Michael Hampton

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

    Overview

    Renovated Historical Building with Lake Views

    Available units range from one to three bedrooms, spanning 1000 to over 3700 square feet. Unit 401 is an east-facing one-bedroom plus den residence with 1416 square feet and 12-foot ceilings. It features stainless steel Bosch kitchen appliances and a Whirlpool washer and dryer. This renovated historical building combines timeless elegance with contemporary luxury. The lobby showcases architectural details. The building offers amenities including a heated indoor pool, a fitness center, and a 3,500-square-foot Grand Lounge with 20-foot ceilings and lake views. The rooftop deck provides views of Lake Michigan. Situated between Michigan Avenue and Lake Shore Drive, the residence offers access to cultural attractions, dining, and shopping. Note that photos and renderings represent model residences, staged vacant units, amenities, and the lobby, and may not exactly represent the listed unit. A variety of floor plans and finish packages are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    850 Lake Shore ... Apartment Complex Integrated Development Group Real Estate Developer Third Coast Interiors Interior Designer Conor Mac Massage Massage Therapist EVPassport Charging Station Electric Vehicle Charging Station

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6183181
    Latitude
    41.89817

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    FAQs

    What type of property is this?
    Apartment building - Renovated historical building with modern amenities and lakefront location.
    Where is this apartment building located?
    The property is located at 850 N Lake Shore Dr, Unit 401 Chicago, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Unparalleled location between Michigan Avenue and Lake Shore Drive, offering access to culture, dining, and shopping.; - Newly renovated historical building combining timeless elegance with modern luxury.; - Unit 401: **1416 sq ft 1 bedroom plus den residence with 12' ceilings.**
    Request Owner's contact information
    850 N Lake Shore Dr, Unit 401 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
    850 N Lake Shore Dr, Unit 401 Chicago, IL 60611
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