1440 N Lake Shore Drive 16e

Chicago, IL 60610
  • $389,000

    Price
  • 2

    Bed
  • 2

    Bath
  • 1,450

    SqFt

About the Listing 86885 - 895102

Secure immediate cash flow and a premier Gold Coast address with 1440 N Lake Shore Drive, #16E. This rarely available, investor-friendly 2-bedroom, 2-bath residence offers spectacular views of Lake Michigan, Oak Street Beach, and the Chicago skyline. With both east- and west-facing exposures, the home is filled with natural light throughout the day-from beautiful lakefront sunrises to glowing city sunsets and front-row views of the Navy Pier fireworks. The spacious, open-concept living and dining area is ideal for both everyday living and entertaining. A well-designed floor plan features a generous primary suite with an en-suite bath, a versatile second bedroom perfect for guests or a home office, abundant closet space, and the exceptional convenience of a dedicated full laundry room. Located in a full-service Gold Coast high-rise, residents enjoy 24-hour door staff, a beautifully renovated rooftop deck and party room with panoramic lake and city views, a fitness center, and valet garage parking. Monthly assessments offer added convenience and predictability, covering cable, Wi-Fi, and nearly all utilities except electricity. Offered as-is, this pet-friendly residence presents an excellent opportunity for both investors and future owner-occupants. The unit is currently tenant-occupied through July 31, 2027, at $3,800 per month, providing immediate rental income from day one. Just steps from the lakefront trail, Oak Street Beach, top schools, dining, shopping, and everything the Gold Coast has to offer, #16E combines strong investment potential, flexibility, and an unbeatable location in one of Chicago's most desirable neighborhoods.

Listing Highlights

Status Active
Days on Site 2
Property Type Condo/Townhome
MLS ® 12671674
Year Built 1965
Total Square Footage 1,450
Lot/Acreage COMMON
County Cook
HOA Dues 1908/Monthly
School District 299
Elementary School Ogden Elementary
Middle School Ogden Elementary

Interior Details

  • Bedrooms: 2
  • Bathrooms: 2 Full
  • Appliances: Double Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Air Cond: Wall Unit(s)
  • Heating: Electric,Radiant
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Built-in Features,Walk-In Closet(s),Open Floorplan,Cats OK,Dogs OK,Number Limit,Size Limit
  • Water: Lake Michigan

Exterior Details

  • Lot Description: Lake Front,Waterfront
  • Garage Capacity: 1 car
  • Parking Spaces: 1
  • Lot Dimensions: COMMON
  • Roof:
  • Others: Roof Deck
  • Sewer: Public Sewer
  • Parking Features: Concrete,Circular Driveway,Yes,Leased,Attached,Garage

Financial Details

  • Tax Amount: $8,104
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 17031030281093
  • Tax Year: 2025

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1440 N Lake Shore Drive 16e Chicago, IL 60610

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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