Chicago · Cook County · IL
Homes for sale in
Lake Point Tower.
- Active listings
- 5
- Median list
- $930K
- Avg time on market
- 32 days
- Sold · last year
- 17
Active listings
5 homes on the market
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About the community
A sculptural lakefront tower standing alone east of Lake Shore Drive.
Lake Point Tower is a curved, dark-glass residential high-rise completed in 1968 on a promontory of the Lake Michigan shoreline just north of the Chicago River, in Streeterville. It is the only high-rise built east of Lake Shore Drive, which gives its residences protected, largely unobstructed views of the lake, the river, Navy Pier, and the skyline. It was designed by George Schipporeit and John Heinrich, former students of Ludwig Mies van der Rohe, adapting his 1920s glass-skyscraper concept, and it was the tallest residential building in the world when it opened. Roughly 70 floors hold approximately 750 condominium units above a landscaped podium.
At a glance
Curved 1968 glass tower
About 70 floors on an isolated lakefront site, designed by Schipporeit and Heinrich, students of Mies van der Rohe.
Private 2.5-acre Skyline Park
A landscaped rooftop park on the podium, designed by Alfred Caldwell, with gardens, a lagoon, and a waterfall.
Indoor and outdoor pools
A year-round heated indoor lap pool plus a seasonal heated outdoor pool and sun deck.
Health club and services
A fitness center with sauna and steam, 24-hour door staff, and on-site management.
Protected lake and skyline views
Windows facing Lake Michigan, the river, Navy Pier, and the skyline from an isolated site.
On-site retail
A ground-level commercial floor that has held a restaurant, a mini-market, a dry cleaner, and a salon.
Valet garage parking
A heated indoor garage with valet parking, generally leased or purchased separately.
Chicago Public Schools
Ogden International is commonly cited nearby. Confirm the exact attendance boundary with the CPS locator.
What’s close
Lake Point Tower sits in Streeterville at 505 N Lake Shore Drive, on the lakefront next to Navy Pier and steps from Ohio Street Beach and the Magnificent Mile.
- Building amenities
- Skyline Park, the indoor and outdoor pools, the health club, 24-hour door staff, and on-site retail.
- Recreation
- Navy Pier next door, Ohio Street Beach, and the Lakefront Trail for running and biking.
- Dining and shopping
- The Magnificent Mile, River North, and downtown dining a short distance west across Lake Shore Drive.
- Schools
- Chicago Public Schools, with Ogden International commonly cited nearby. Confirm the attendance boundary by address with CPS.
- Transit
- DuSable Lake Shore Drive at the doorstep, with CTA bus service and the Loop within about a mile.
- Parking
- A heated indoor garage with valet parking, generally leased or purchased separately.
What it’s actually like to live here
Lake Point Tower offers a lifestyle no other Chicago address can quite replicate: a single, sculptural tower standing alone on the lakefront, with water and skyline in nearly every window and Navy Pier as a next-door neighbor. Daily life can revolve around the building itself. Residents can swim indoors year-round, work out, walk the 2.5-acre Skyline Park, and hand their car to a valet without stepping outside. For buyers who want a full-service, lock-and-leave home with resort-style amenities and genuine architectural pedigree, the appeal is strong.
The setting is also the source of its honest tradeoffs. Because the tower is the only residential building east of Lake Shore Drive, it can feel physically separated from the rest of Streeterville. There is no walk-out grid of cafes and shops at the base beyond the building's own retail level, so most errands, the office, or the train mean crossing the Drive. Buyers who want a lively pedestrian streetscape at their doorstep may find the isolation a drawback, while those who want privacy and quiet tend to see it as the whole point.
Two practical points deserve candor. Assessments on a fully amenitized 1968 high-rise are meaningful and rise over time. The monthly fee buys a lot, from water and internet to staff, pools, and the park, but should be underwritten alongside the building's reserves and any special-assessment history. And parking is valet-only in a heated garage, generally a separate monthly cost rather than a deeded space. Confirm the assessment, parking, and electricity details on the specific unit before writing an offer.
The questions buyers actually ask
Lake Point Tower FAQ
The questions I get most from buyers shopping Lake Point Tower. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Monthly assessments in this full-service lakefront high-rise vary widely by unit size, reported roughly from the low hundreds for studios to well over $2,000 for large combined units. They typically cover water, cable, internet, common insurance, 24-hour door staff, exterior and common-area maintenance, trash and snow removal, and full access to the pools, the health club, and Skyline Park. Parking is valet and generally a separate cost, and buyers should ask how in-unit electricity is handled in this historically all-electric building. Cook County property taxes are billed separately per unit.
- What are property taxes like?
- Roughly $8,000 – $16,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Lake Point Tower built?
- Schipporeit and Heinrich (adapting a Mies van der Rohe glass-tower concept) built the community between 1968 and 1968. Schipporeit and Heinrich (adapting a Mies van der Rohe glass-tower concept) stopped new construction in 1968, so every sale today is a resale.
- What's the typical closing timeline?
- 45 to 90 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 90.
- What makes Lake Point Tower unique?
- It is the only residential high-rise built east of Lake Shore Drive, a curved dark-glass tower completed in 1968 by Schipporeit and Heinrich, students of Mies van der Rohe. Its isolated lakefront site gives units protected views of the lake, the river, Navy Pier, and the skyline.
- How tall is it and how many units are there?
- It rises roughly 70 floors and holds approximately 750 condominium units today, after decades of combining adjacent units. Sources cite counts in the 725 to 758 range, so confirm the exact figure with building management.
- What do the monthly assessments cover?
- They typically cover water, cable, internet, common insurance, 24-hour door staff, exterior and common-area maintenance, trash and snow removal, and access to the pools, the health club, and Skyline Park. Parking and in-unit electricity are generally separate, and Cook County property taxes are billed separately per unit. Confirm the exact figure per unit.
- What amenities are on site?
- A private 2.5-acre rooftop park (Skyline Park), a heated indoor lap pool and a seasonal outdoor pool, a health club with sauna and steam, 24-hour door staff, and a ground-level retail floor that has held a restaurant, a mini-market, a dry cleaner, and a salon.
- Is there parking?
- Yes, a heated indoor garage with valet parking. It is valet-based rather than self-park and is generally leased or purchased separately from the residence.
- What schools serve the building?
- Chicago Public Schools assigns schools by exact address. Ogden International School is commonly cited for this part of Streeterville, with citywide selective-enrollment and magnet high schools available by application. Confirm your assigned schools on the CPS boundary locator.
- Who is the real estate agent for Lake Point Tower?
- Joe Keegan is the local licensed Illinois real estate broker who covers Lake Point Tower in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Lake Point Tower specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Lake Point Tower
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Chicago specialist
- Honest local market take
- Brokerocity
Market snapshot
Lake Point Tower, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$930,000
Typical sale price · last 90 days
$470,000
Homes for sale right now
5
Avg time on market
32 days
Sold in the last year
17
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period July 31, 2025 through July 31, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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