For an in-town pied a terre or investment property, this one bedroom at 3950 N Lake Shore Drive is worth looking at…

3950 lake shore

For only $ 125,000, it’s across the drive from Waveland golf course and the harbors, the tennis courts and the lakefront bike paths.  At the corner of Irving Park and the drive,  you can catch buses west or express buses south.  This location is ideal!

The apartment is a freshly painted 1 bedroom  priced aggressively —  this is the lowest priced one bedroom south of Irving Park on the lake and it has a lake view (Montrose Harbor!).  The building includes a 24 hour doorman, commissary, dry cleaner, fitness center and sundeck.  There is a parking garage attached to the building and management is on site.

Let’s say you purchased this condo with 20% down and secured a 5.25% loan — your payments BEFORE tax deductions would be only $ 1188.20 — less that $ 2 per square foot per month!

To see this or other pied a terre condos in Chicago, contact Anne Rossley at Prudential Rubloff.  Anne can help you with all your Chicago real estate needs.

Anne is a Second Home Property Specialist (RSPS).

For further financing information on this property, Diane Pyshos (pyshos@msn.com) at Chicago Financial is a fantastic resource and I highly recommend her!

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