While many Chicagoans start a new home search browsing luxury condos on the market, a co-op apartment is another available option that many buyers should consider if they want spacious layouts and formal rooms.. Unlike a traditional real estate sale, however, co-op buyers are actually purchasing shares of stock in a legal entity that owns the building rather than actual property, and part of the purchase agreement includes a proprietary lease that entitles you to occupy a certain unit.
In Chicago, co-ops are relatively common, especially in neighborhoods like the Gold Coast and especially along East Lake Shore Drive in Streeterville. Among the prestigious co-op apartments you’ll find on this historic block is 209 E. Lake Shore Drive,.
Designed by renowned Chicago architech Benjamin Marshall in 1925, 209 E. Lake Shore Drive stands 18 stories high and features grand full-floor, 6,000 square foot residences fronting the lake on private and semi-private floors. Other highlights include a private outdoor garden and courtyard,white glove service and, rare for a pre-war building, an on-site parking garage.