If you prefer classic architecture and grand-scaled rooms embellished with deep moldings, high ceilings, fireplaces, and rich wood floors, there are many good co-op choices in architecturally significant buildings in Chicago’s prime locations. Choose, from one bedroom pied-a-terres to 6,000-square-foot house-like layouts.
Sensational, One-of-a-kind 4300 Sqft Duplex Home. Purchased As Raw Space & Completed By Master Craftsmen, No Detail Has Been Overlooked Or Expense Spared In The Flawless Execution Of This Masterpiece. Foyer Opens To Dramatic Living Room, With Beau...
1500 North Lake Shore Drive #7-8b, CHICAGO, IL - $3,500,000
The Best Of The Best! Enjoy 5,000+ Sqft Of Elegant, Renovated Living Space On Two Levels In One Of The Gold Coast's Most Exclusive, Service-oriented Coops. The Vision Of Ny Architects Ferguson And Shamamian And Designer Libby Cameron (recognized A...
1500 North Lake Shore Drive #11-12b, CHICAGO, IL - $3,200,000
Sophisticated Elegance In The Gold Coast!! Spacious Duplex Apartment In Prestigious Building Designed By Rosario Candela And Built By Mcnally & Quinn In 1927. Refined Traditional Decor With 21 Windows With Fabulous Lake Exposure. 5 En-suites; 5....
1430 North Lake Shore Drive #14, Chicago, IL - $3,100,000
"a Prominent Gold Coast Treasure" Best Describes The Stunning Renovation Of This Elegant Lake Shore Drive Residence. This Full Floor Unit With A Private Entrance Lives Like A Single Family Home In The Sky. The 45 X 12 Foot West-facing Ter Is Per...
199 East Lake Shore Drive #4w, CHICAGO, IL - $2,900,000
This Beautiful Duplex Evokes Classic European Elegance. Enjoy Lake Views Through Picture Windows From The Living Room And Master In This 3 Bedroom, 3.1 Bath, 4000 Sqft Residence At 199 E. Lake Shore Drive. Highlights: Grand Lr W/room For 2 Seating...
2430 North Lakeview Avenue #11-12n, Chicago, IL - $2,900,000
Sensational, Total Renovation Of An Expansive Home At A Prestigious East Lake Shore Drive Address. Brand New Interior, Just Completed By Hewitt Horn & Lichten Craig, Offers Gracious Room Sizes & Modern Amenities, While Maintaining The Integrity Of...
1500 North Lake Shore Drive #6c, CHICAGO, IL - $2,795,000
Completely Renovated & Highly Desirable "c" Tier In Gold Coast's Premier Co-op! Designed By Tom Stringer Design Partners & Featured In Luxe Interior Design, This Stunning Home Offers Exposures In Every Direction, Giving Breath-taking Lake, Park & ...
209 East Lake Shore Drive #3w, CHICAGO, IL - $2,750,000
One Of The Finest Historic Buildings In The City, 209 E. Lsd Was Designed By Renowned Architect Benjamin Marshall And Remains An Iconic Jewel In The Gold Coast. This Prestigious Coop Offers Graciously Proportioned Residences, A Service-oriented St...
999 North Lake Shore Drive #2a, Chicago, IL - $2,685,000
Breathtaking Lake Michigan And City Views From Completely Renovated Sophisticated And Stylish Residence In A Prime Tier Of This Iconic, Elegant Benjamin Marshall Building. Every Detail Is Perfect, This Residence Combines Tasteful Refined Elegance ...
1500 North Lake Shore Drive #9a, CHICAGO, IL - $2,350,000
Located In The Building's Prime Se Corner Tier, This Sophisticated 4,400+ Sqft Residence Is Ideal For Luxurious Living And Entertaining. The Architectural Details Including A Fireplace, Custom Moldings And Paneling, Hardwood Floors And Hardwood Fl...
179 East Lake Shore Drive #22e, CHICAGO, IL - $2,300,000
High Half Floor Apartment On The East Side Of Drake Tower Captures Unobstructed Views Of Lake Michigan, Lake Shore Drive, Beach And City Skyline. Thirty-two-foot-long Living Room Has Hardwood Floors, Classically Sited Fireplace And High Ceilings. ...
See Significant Sales for a selection of co-ops Linda has represented or sold over the past twenty five years.
What is a co-op?real estate, Chicago, co-ops
In Chicago, co-ops were the first form of apartment ownership, built between 1911-1929. The first “high rises” along the lakefront, .When you purchase a co-op you are purchasing shares of stock in a legal entity, usually an Illinois corporation, that owns the real estate. Along with the shares, you receive a Proprietary Lease that entitles you to occupy a certain unit. Instead of a deed, you own shares in the whole building.
Shareholders in a cooperative also pay real estate taxes, but they do not receive individual tax bills. A single tax bill is issued to the corporation and shareholders’ proportional share of the total bill, based on the number of shares they own, is included in their monthly assessment, which explains why co-op assessments appear higher than condos.
How is a co-op different from a condo?real estate, Chicago, co-ops
A co-op is different from a condominium only in its legal and financial form— the essential idea of ownership is the same. But instead of being simply “an apartment you own,” you are purchasing shares of stock in a legal entity, usually an Illinois corporation, that owns the real estate. Along with the shares, you receive a Proprietary Lease that entitles you to occupy a certain unit. Instead of a deed, you own shares in the corporation.
The purchase options differ among co-ops, with a few cooperatives not permitting financing and others restricting borrowed amounts to 50% of appraised or purchase price. Further, banks don’t offer traditional mortgages on co-ops, but do have similar loan offerings that provide the same benefits.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Listing information last updated on June 18th, 2019 at 10:20pm CDT.