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3550 N Lake Shore Drive Chicago, IL 60657 Residential - Condominium Contingent

  • 3550 N Lake Shore Drive, Unit 521, Chicago, IL 60657 Main Photo

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Description

Ready to stop paying your landlord's mortgage and invest in the future? Come live your best life in vibrant Lakeview, just a short distance from the lake, dining, and endless neighborhood amenities! This spacious 1 bed 1 bath offers incredible potential for both first-time buyers and investors, featuring an oversized layout with two walk-in closets, abundant storage, partial lake views, separate area to put a dining room table, or create a den/office nook in that area, vinyl flooring in the main living areas, and well-maintained carpet in the bedroom. Kitchen has a suite of appliances (including a dishwasher!) making it a perfect canvas for your renovation ideas. Cabinetry has been updated and installed for maximum storage potential. Newly installed motion censored lighting in the closets won't have you worrying if you turned off the lights in your home. Don't be fooled by the lower floor, there is abundant sunshine pouring through the windows during the day. With strong future rental upside after the 18-month owner-occupancy requirement, this is a rare opportunity to create value in one of Chicago's most desirable neighborhoods. Building amenities include 24-hour security staff, rooftop deck, gym, laundry facilities, and an attached convenience store for those cold Chicago days. Valet parking available through the building, in-unit laundry is not allowed per the HOA.

Property Highlights

Property Type: Residential - Condominium
Total Living Area SF: 834
Garage Size: 1
Attached Garage
Heated Garage
Built in 1962
Elementary School: Nettelhorst Elementary School
High School: Lake View High School
Middle School: Nettelhorst Elementary School
Brick Exterior

General Information

Bedrooms: 1
Bathrooms: 1
Sqft: 834
County: Cook
High School: Lake View High School
Listed By:
Corcoran Urban Real Estate 312-528-9200
MRED MLS

Room Information

Walk In Closet: 06X05
Dining Room: 10X8
Kitchen: 11X08
Living Room: 19X19
Primary Bedroom: 16X12
$229,000
Est. $1,488/mo
1beds
1baths
834sqft
1cars
New to the Market Contingent
BEDS1 BATHS1 full SQUARE FEET834 MLS#12611624
STATUSContingent PROPERTY TYPEResidential - Condominium SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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3550 N Lake Shore Drive, Unit 521, Chicago, IL 60657.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $229,000$229,000$229,000
Down Payment $45,800$8,015$57,250
Monthly Mortgage Amount $1,069$1,348$1,392
Taxes $319$319$319
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$101$0
Monthly Estimated Total $1,488$1,868$1,811

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