$15.75 New Price For 1516 N Lake Shore Dr Chicago, IL 60610

1516 N Lake Shore Dr Now Offered at $15.75M

Price reduction for 1516 N Lake Shore Dr
Chicago, IL 60610

A luxurious French-Chateau inspired mansion at 1516 N. Lake Shore Drive is now selling for $15.75 million, a drop from the original $17 million it entered the market at. This ornate building is apart of the “Seven Houses on Lake Shore Drive District”, and was declared a city landmark in 1989.

Built in 1914, this four-story building is adorned with stained glass windows, rich wood paneling, nine fireplaces and herringbone laid hardwood floors. Gorgeous marble staircases sweep up the mansion, which even houses an elevator. There are endless renovation possibilities with this remarkable building. All 7 bathrooms are currently without bathtubs or shower, but some can be left as the powder rooms that they were originally designed as. There are a grand total of 10 bedrooms available, which can be transformed into elegant bedroom suites, recreational, conference rooms, offices– whatever your heart desires. While this 12,000-square-foot mansion offer hundreds of opportunities to transform into your dream property, the accompanying 2,400 square foot coach house stacks on even more possibilities.

Lake Shore Dr Mansion For Sale

Listing broker Crystal Tran, Berkshire Hathaway KoenigRubloff

Located in Chicago’s affluent Gold Coast neighborhood, the mansion stands strong near the heart of Chicago’s downtown and offers breathtaking views of Lake Michigan. The vibrant Magnificent Mile is only steps away, offering international retail stores and high end boutiques. There are countless options for entertainment and nightlife in the 60610 area code, whether you are looking for exciting live events or classic restaurants unique to Chicago!

This upscale building is available as a private residence or for commercial usage, such as another non-profit organization or consulate building. If you are interested in a tour of this exquisite property, please contact Crystal Tran for more information.

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