North Lake Shore drive condos offer stellar views, location

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474 North Lake Shore Drive is only a couple blocks from the 21-screen AMC River East Movie Theater, as well as a variety of shops and restaurants. | SUPPLIED PHOTO

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In today’s real estate market, condominiums generally come as they are. New construction virtually stopped in 2008 and very few new condominiums have entered the market. In most residential buildings, the developer completed the interiors of the unsold homes with basic, standard finishes.

The ability to customize a home for a new buyer in an existing building is a rare opportunity. This benefit was generally only available for buyers during the pre-construction phase of the development.

One developer of a high rise in the Streeterville neighborhood understood the wants and needs of condominium buyers and has continued to allow customization of the homes that are currently on the market. The development is 474 North Lake Shore Drive, commonly known as “474.”

Buyers at 474 have the opportunity to choose from a variety of kitchen cabinets, granite countertops, hardwood flooring and stainless steel appliances to create homes that suit their tastes.

One option at 474 is residence 5108. This home on the southwest corner has three bedrooms, three bathrooms plus a spacious kitchen and dining area. There are amazing views from every vista. All the boats in Monroe Harbor and the renowned architecture of the Museum Campus and Soldier Field can be seen from the master bedroom. The living room features a bird’s eye view down the Chicago River, while the second and third bedrooms showcase the city skyline. With 1,590 square feet, 5108 is a spacious home and the price is definitely right at $599,900.

With 493 out of 505 residences sold, 474 North Lake Shore Drive is 98 percent sold. The 12 remaining homes range from a 741-square-foot one-bedroom with spacious bedroom and walk-in closet to a three-bedroom penthouse that is over 2,000 square feet with three large walk-in closets and stunning skyline and lake views.

In addition to the beautiful interiors offered at 474, it is a full-amenity building. Amenities include a state-of-the art fitness center with professional equipment, an indoor pool, steam room and sauna.

The building also offers indoor and outdoor entertaining options on the 16th floor sundeck. An indoor 1,200-square-foot party room and catering kitchen, opens out to the impressively furnished sundeck with gas grills and awe-inspiring views. This entertainment suite is the perfect place to host friends all year round.

474 is a highly desirable development at the intersection of Lake Shore Drive and Illinois Street. The building sits just west of Navy Pier, allowing for stunning views of the lake and the city.

The development is located in the heart of Streeterville. The neighborhood includes some of Chicago’s best restaurants. Residents can walk from 474 to a breakfast hotspot like Yolk, lunch at RL or dinner at Maison overlooking Lakeshore East Park. For gourmet groceries, Fox and Obel is located on the same block and world-renowned shopping on the Magnificent Mile is minutes away. Nearby are a 21-screen AMC theater and Chicago Shakespeare Theatre on Navy Pier. The lakefront path, for biking or jogging, is across the street, while The Art Institute and other museums are in walking distance.

474 is also located near Millennium Park, where the very popular ice-skating rink recently opened for the season. People from around the world come to Chicago to experience all of the culture, which is always available to the fortunate residents of the downtown area.

The central location of the building is particularly attractive for commuting to work. There are many ways to get to multiple destinations in Chicago from Streeterville. The various bus routes and the “L” make public transportation a breeze. Access to the highways via Lake Shore Drive or through the north side of downtown is also easy for those traveling to the suburbs or outside the center of the city.

With the floor plan options still available, the ability to customize a new home and the unbeatable location in the Streeterville neighborhood, 474 is a great place to own a home, however since only a dozen residences remain, those interested should act quickly for the best selection.

The on-site sales center is open Monday to Saturday from 10 a.m. to 5 p.m. and Sunday from noon to 5 p.m. The prices start at $299,900 for one-bedrooms, $529,900 for two-bedrooms and $599,900 for three-bedrooms and penthouses.

Call the sales center at (312) 245-7200 or visit the Website at for additional information.