3024 N Lake Shore Dr

Lake View, Chicago, IL · 7 days on market · View on Zillow

3024 N Lake Shore Dr

$7.5M somewhere else buys…

6 bedrooms · 9 baths · 9,100 sqft · 9,280 sqft lot

Built 2017 · 3 Attached Garage spaces · $824/sqft (city median $240)

Rare opportunity to own an impeccably maintained single-family residence on Lake Shore Drive, situated on an expansive 64' x 200' lot with approximately 9,000 square feet under roof. This exceptional home offers 7 bedrooms and 7.5 baths and features multiple outdoor living spaces, including a Sport Court, a 30' x 25' terrace, and a 30' x 20' garage rooftop terrace with a custom outdoor…

What this place offers

  • Heating: Natural Gas, Forced Air, Radiant, Sep Heating Systems - 2+, Indv Controls, Zoned
  • Cooling: Central Air, Zoned, Dual
  • 3 Attached Garage spaces
  • Garage
  • Top school rating 8/10 nearby
  • HOA $42 monthly

The numbers

$149K/yr

Property tax (actual rate)

$27K/yr

Insurance (quoted)

$7,495,000

Down payment20% · $1,499,000
%
Mortgage (principal + interest)$37,505
Property tax$12,429
Home insurance$2,249
HOA / maintenance$42
All-in monthly$52,225/mo

You'd need about $2,238,216/yr in household income (28% rule) plus $1,499,000 in cash.

Would rent for ~$37,475/mo · 6.0% gross yield

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