Welcome to 540 North Lake Shore Drive, a building located in Gold Coast, Near North Side, Central Chicago, Chicago in Chicago, IL.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1994.
This is a relatively tall building with a total of 7 floors.
Finally, 540 North Lake Shore Drive was most recently sold on Feb 29, 1996 for $850,000.
The market value for the land that the building sits on has been listed at $10.
In addition, improvements upon the building have an added value of $10.
In total, the total market value of the property as a whole is $20.
According to local assessors, the total value of the building is currently valued at $2.
Specifically, the value of the land that the property sits on has been assessed at $1.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 540 North Lake Shore Drive is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Near North Side area have a median price of $2,900.
Those in the 25th percentile, have a price around $2,200.
While those in the 75th percentile, have a price around $4,250.
Typically, the buildings in this area have a median sqft of 1,015.
That means that the median price per sqft is around $3.
In other words, the price per sqft for buildings in the 25th percentile is $3.
While the price per sqft for buildings in the 75th percentile is $4.
As a breakdown, we've included the following stats:
- There are currently a total of 57 studio listings.
The median price for these types of listings is $1,785.
That's $3.56 price per sqft.
- There are currently a total of 169 one bedroom listings.
The median price for these types of listings is $2,400.
That's $3.02 price per sqft.
- There are currently a total of 125 two bedroom listings.
The median price for these types of listings is $3,795.
That's $2.96 price per sqft.
- There are currently a total of 57 three bedroom listings.
The median price for these types of listings is $7,500.
That's $3.57 price per sqft.
- There are currently a total of 13 four bedroom listings.
The median price for these types of listings is $22,500.
That's $3.90 price per sqft.
About The Area
540 North Lake Shore Drive is located in Cook County, Illinois.
There are 5,227,575 people living here.
There are 1,951,606 households.
Most of these households have an average family size of 3.43 people.
According to the census, 43% are currently renting while 57% own their homes.
The median age of this population is around 36.1 years old.
On average, most folks in the county are unmarried.
About 35% of folks speak a language other than English in this area.
The area's employment rate is currently around 59.7%.
Speaking of employment, the median income is $56,902.
Most folks will commute by car for around 32.6 minutes.
Finally, we know that 24% of residents in the area have graduated with their high school degree.
Additionally, 22% and 15% have their Bachelor's and Master's degree, respectfully.
Moving on to the urban area level.
Chicago, IL - IN Urban Area has a population of 8,672,319 people.
Based on census records, there are 3,153,810 registered households.
Families in this area are on average made up of 3.4 people per household.
Most folks are unmarried.
They are also typically around 36.6 years old.
Does diversity matter to you? Right now, 30% of folks speak a language other than English here.
About 37% rent while 63% purchased their homes.
Right now, the community is made up of 24% of residents who have graduated with at least a high school degree.
On top of that, 22% have a Bachelor's degree and 14% have a Master's degree.
The employment rate is currently around 61.2%.
Those employed, have a median income of $63,064.
If you move here, you can expect to commute mostly by car for around 31.5 minutes.
$1,785
Studio Median Rent
PUBLIC TRANSIT
Grand & Peshtigo (Under 500 ft - 3 min walk)
Chicago Transit Authority
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McClurg & Grand (720 ft - 3 min walk)
Chicago Transit Authority
McClurg & Ontario (750 ft - 3 min walk)
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Grand & McClurg (790 ft - 3 min walk)
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