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1516 North Lake Shore Drive, Chicago, IL – $5,750,000

  • 10 Beds
  • 7 Baths
  • 12,000 Sqft
  • .19 Acres
  • 10 Beds
  • 7 Baths
  • 12,000 Sqft
  • .19 Acres

1516 North Lake Shore Drive

This is one of Chicago's most prestigious landmark properties and one of seven mansions remaining on Lake Shore Drive. Classic details and features remain throughout this magnificent property. The mansion and two-story coach house are situated on an approximately 50 X 170 foot-wide lot located within the City's Lakefront Protection District (Private Zone). The property has a current base Zoning District of RM-5 (Residential MultiUnit) and "Near North Historic Area II" as an overlay Zoning District, potentially allowing the existing structure to be internally remodeled for multiple dwelling units or other allowable non-residential uses. The property provides breathtaking and uninterrupted views of Lake Michigan and boasts extraordinary proximity to the Lakefront, Lincoln Park, the Gold Coast, and The Magnificent Mile.

Essential Information

  • MLS® #11015325
  • Price$5,750,000
  • Bedrooms10
  • Bathrooms7.00
  • Full Baths5
  • Half Baths2
  • Square Footage12,000
  • Acres0.19
  • Year Built1916
  • TypeResidential
  • Sub-TypeDetached Single
  • StatusActive

Community Information

  • Address1516 North Lake Shore Drive
  • AreaCHI - Near North Side
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60610

Amenities

  • Parking Spaces2
  • ParkingUnassigned,Driveway
  • # of Garages3
  • Is WaterfrontYes

Interior

  • AppliancesRange,Refrigerator
  • HeatingSteam,Baseboard
  • Cooling3+ (Window/Wall Unit)
  • Has BasementYes
  • BasementPartial
  • FireplaceYes
  • # of Fireplaces9
  • FireplacesGas Starter
  • Stories4+ Stories,Coach House

Interior Features

Vaulted/Cathedral Ceilings,Elevator,Hardwood Floors,1st Floor Bedroom,In-Law Arrangement

Exterior

  • ExteriorBrick,Concrete,Limestone
  • Exterior FeaturesBreezeway
  • RoofTile

Lot Description

Irregular Lot,Lake Front,Landscaped,Water View

School Information

  • District299

Additional Information

  • Days on Market42

Listing Details

Office

Berkshire Hathaway HomeServices Chicago

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Price Change History for 1516 North Lake Shore Drive, Chicago, IL (MLS® #11015325)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $6,000,000 to $5,750,000 $250,000 (4.17%)
Status Changed from New to Active

Berkshire Hathaway HomeServices Chicago.

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Listing information last updated on April 20th, 2021 at 2:17pm CDT.