A classic co-op conjures scale, grace, and elegance with lobbies and shared spaces that match the architecture and aesthetics of the homes within. High ceilings, classical millword, original fireplaces with many still wood burning, kitchens with butler's pantries and maid's rooms, the perfect size for an home office, hark back to a time when gracious living would not be compromised just because you resided twelve stores about the ground. Square footage in co-ops rival that found in single family homes, and, with the lake, parks, and city skyline so near at hand, expansive views as well.
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 ...
2450 North Lakeview Avenue #5, CHICAGO, IL - $3,500,000
Where Else Can You Find An 8,000 Square Foot Renovated Home For Less Than $500 Per Square Foot?! Family Friendly, Prestigious, Service Oriented Building W/ All Amenities, Perfectly Located Right Across The Street From Lincoln Park. Full Floor Resi...
2430 North Lakeview Avenue #11-12n, Chicago, IL - $2,900,000
Gorgeous 5600sf Duplex 5 Bedroom Co-op With Breath Taking Lake & Park Views. Exceptional Architectural Details Throughout. Restored Wood Paneled Living Room & Library. Stunning Formal Dining Room, Gorgeous Mstr Suite W/his/her Baths & ...
2355 North Commonwealth Avenue #1, CHICAGO, IL - $2,295,000
Location, Location, Location! This Exquisite 5,150 Sqft Coop Is In A Boutique Benjamin Marshall Building Over Looking The Park. Fully Renovated, This Gracious Home Offers A Perfect Blend Of Classic Architectural Details And Tasteful Updates. The E...
399 West Fullerton Parkway #8e, CHICAGO, IL - $1,499,000
Prime Lincoln Park Four Bedroom -stunning Park, Lake And City Views Abound In This Sophisticated Home That Effortlessly Showcases The Natural Heritage Detailing With Contemporary Style. The East Corner Of The Well-run, Beautifully Maintained, 399 ...
2430 North Lakeview Avenue #5-6n, CHICAGO, IL - $1,495,000
Residence 5-6n At 2430 N Lakeview Is A Grand Co-op Fronting Lincoln Park, Ready To Become One Of Chicago's Most Beautiful Residences. The 5,600 Square Foot Floor Plan Features Generous Rooms Including A 30' Living Room, A Formal Dining R...
2440 North Lakeview Avenue #8a, CHICAGO, IL - $1,175,000
Rarely Available Front A Unit W/smashing Views Of Lake & Park In Historic & Elegant Vintage Lincoln Park Co-op. Wonderful Flowing 2800 (approx.) Sqft. Floorplan W/grand Rooms & Amazing Details. Coved Entry Foyer Ceiling, Hardwood Floor...
2440 North Lakeview Avenue #8b, CHICAGO, IL - $1,090,000
Enjoy Panoramic Lake Views From The Living And Family Rooms Plus Master Bedroom. Light Infuses Every Room In This Sophisticated Yet Comfortable Home. The Kitchen Offers All Stainless Steel Appliances, Eat In Dining And Butler's Pantry Providi...
2238 North Lincoln Park West #f3, CHICAGO, IL - $799,000
Sun-drenched East Lincoln Park 4 Bedroom Home Steps From Park, Lake, & Zoo! Lincoln School District, Stunning Tree Lined Views From Every Room. Fantastic Flowing Floor Plan With Gracious Foyer Leading To Large Living Room, Office/library Room,...
2230 North Lincoln Park West #3h, CHICAGO, IL - $759,000
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 April 25th, 2019 at 11:39am CDT.