|The entrance at 540 N Lake Shore Drive, Chicago IL 60611. All photos Bob DePalma, Broker, Kale Realty|
We were recently contacted by a condo owner at 540 N Lake Shore Drive in Streeterville. We quickly recognized the address as a vintage loft conversion. Yes, it's true. In this dense luxury high-rise neighborhood -where new construction seems to have no end in sight- is a unique timber loft property. If that is your style, the location at 540 North Lake Shore Drive can't be overlooked.
|Not your typical Streeterville building these days. 540 N Lake Shore Drive, Chicago IL 60611 is a timber loft throwback at the lakefront in a densely populated glass and steel jungle. It's more famous neighbor Lake Point Tower at 505 N Lake Shore Drive peeks over the top. Photo Bob DePalma, Broker, Kale Realty|
Built in 1912, and converted in to condo in 1992, 9 loft style homes sold in 2014 ranging from a short sale studio apartment at $171,500 for 772 square foot unit (quite a deal) to $750K for a combined duplex unit of approximately 2500 square feet.
YoChicago.com has a nice write up from about two years ago with a little history on 540 N Lake Shore Drive.
|While 540 N Lake Shore perseveres new glass towers continue to rise in Streeterville.|