In Chicago, co-ops were the first form of apartment ownership, built between 1911-1929. The first high rises along the lakefront, these classic high end vintage or pre-war buildings are renowned today for their grand and gracious floor plans and architecturally significant details, similar to the historical buildings and best addresses along New York’s Fifth and Park Avenues
Enjoy Expansive Lake And City Views From The Living, Dining, And Family Rooms - 60 Feet Of Lake Frontage - Exquisitely Renovated And Ready For Move-in. Approx 7055 Sqft Home That Duplexed Down With 4 Bedrooms, 5.1 Baths. White Oak Hdwd Flrs Thruou...
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...
229 East Lake Shore Drive #4w, CHICAGO, IL - $2,850,000
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...
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 S...
229 East Lake Shore Drive #11e, CHICAGO, IL - $2,500,000
Enjoy Expansive Lake And City Views From This Elegant Half Floor Penthouse Residence. Perfectly Situated On Chicago's Prestigious East Lake Shore Drive, Across From Beaches, Park, Biking And Running Paths Along The Lakefront. This Property Feature...
999 North Lake Shore Drive #3a, CHICAGO, IL - $1,795,000
This Fabulous 4,000 Sq. Ft. Pre-war Classically Styled Benjamin Marshall Beaux-arts Apartment Features 4 Bedrooms/4 Bathrooms. Perched On The 3rd Floor, With 10' Ceilings, Offers Sweeping Lake Views On A Tree Lined Street With Lots Of Natura...
179 East Lake Shore Drive #23e, CHICAGO, IL - $1,700,000
This Rarely Available High Floor Apartment At Drake Tower With 3,860 Square Feet Has Spectacular Lake And Shoreline Views. The Apartment Was Last Renovated In 1986 By The Chicago Firm Of Krueck & Olsen As A Modern Home And Showcase To Display...
860 North Lake Shore Drive #25-26m, CHICAGO, IL - $1,599,000
Atop The Landmark Mies Van Der Rohe Building At 860 Lake Shore Drive, Sits This Duplex Apartment Designed By Krueck+sexton. The "stainless Steel Apartment", Is Breathtaking In Its Use Of Light And Materials To Create A Piece Of Art. The Centerpie...
229 East Lake Shore Drive #10e, CHICAGO, IL - $1,590,000
Prestigious Iconic 229 East Lake Shore Drive Co-operative! This Spacious 3500 Square Feet 4 Bedroom/4 Bath Is Located On Historic East Lake Shore Drive. North And West Exposures With Expansive Lake Michigan Vistas! Grand And Gnenerously Scacled Ro...
880 North Lake Shore Drive #7abef, CHICAGO, IL - $1,550,000
Enjoy Spectacular Lake Views In This Unique, Combined Residence In A Landmarked, Mies Van Der Rohe Co-op. Spacious Rooms Face 32 Floor-to-ceiling Windows Ushering In Abundant Natural Light & Breathtaking Lake & City Views. The Open Living/dining R...
999 North Lake Shore Drive #2c, Chicago, IL - $1,399,000
Spectacular Lake Views From This Stunning Coop In A Premiere Location.walk To Great Shopping On Michigan Avenue And Wonderful Restaurants From This Outstanding Vintage Building Beautifully Maintained And Steeped With Exceptional Architectural Deta...
232 East Walton Place #6w, CHICAGO, IL - $1,250,000
Extraordinary 3800 Square Foot Luxury Vintage Co-op. The Exquisite Half Floor Residence In This Boutique Building Offers Four Graciously Sized Bedrooms, Three Full Baths, Full-size Den With Custom Built-ins & Wet Bar. Massive Living Room With Deco...
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 November 16th, 2018 at 7:21am CST.