clock menu more-arrow no yes

The priciest monthly assessments in Chicago right now

View as Map

One of the nice things about buying a condo or co-op is that for the most part, utilities, amenities, and sometimes property taxes are all combined into one easy payment. However, the downside is that sometimes this monthly payment can be very expensive. It's common to see condos and co-ops in older buildings approach the $1,000 range or higher—particularly the vintage buildings along Lake Shore Drive and the newer luxury high-rises along the Magnificent Mile. However, the units with the priciest monthly assessments in Chicago can cost several thousand dollars per month—in many cases, a price that is much higher than many peoples' mortgages. Here's a look at the units with the priciest monthly assessments in Chicago.

Read More

1. 1110 N. Lake Shore Drive Unit 8S

Copy Link
1110 N Lake Shore Dr #8s
Chicago, IL 60611

This four-bedroom, four and a half bathroom unit in the Benjamin Marshall-designed 1110 N. Lake Shore Drive overlooking Lake Michigan has a listing price of $2.4 million. However, the real sticker shock is the monthly assessment, which comes to $13,401. At least property taxes are included in this amount.

2. 1500 N. Lake Shore Drive Unit 14-15

Copy Link
1500 N Lake Shore Dr
Chicago, IL 60610

This spacious two-level co-op on Lake Shore Drive listed earlier this year at $13.5 million, becoming one of the city's most expensive for-sale properties. Today, it's asking $10.5 million, but the monthly assessment comes in at an equally whopping $10,861 per month. And unlike the priciest monthly assessment just down the street at 1110 N. Lake Shore Drive, this monthly payment doesn't include property taxes.

3. 2430 N. Lakeview Avenue Unit 5-6S

Copy Link
2430 N Lakeview Ave #5
Chicago, IL 60614

This unit in the Andrew Rebori-designed 2430 N. Lakeview Avenue listed a few months back and is currently asking $3.35 million. The monthly assessment, which includes taxes and everything else imaginable, runs $10,478 per month. The listing agent also mentions that the building is "cash only." Millionaires need only apply.

4. 2430 N. Lakeview Avenue Unit 11-12N

Copy Link
2430 N Lakeview Ave
Chicago, IL 60614

There's no denying that this 5,600-square-foot unit at 2430 N. Lakeview is grand. It boasts original vintage finishes and a hand-crafted charm only found in older homes. However, this level of craftsmanship and luxury will cost a pretty penny. The listing is seeking $3.49 million with an additional $10,000 per month assessment.

5. 118 E. Erie Street Ph 2

Copy Link
118 E Erie St
Chicago, IL 60611

This penthouse space at the Ritz-Carlton Residences hasn't been built out yet, but the listing features a number of renderings that offer an idea of how it can be finished. And with a $10 million ask, the bill for the completed unit could make this one of the priciest condos in Chicago. The monthly assessment will set you back another $8,905.

6. 401 N. Wabash Avenue Unit 87A

Copy Link
Trump International Hotel & Tower Chicago, 401 N Wabash Ave
Chicago, IL 60611

Located on the 87th floor of the Trump Tower, this baller four-bedroom, four and a half bathroom unit is stylish and nicely appointed. One of the cool things about it is that it wraps around the building, offering skyline views in all directions. This one is asking $12.7 million and comes with an $8,751 monthly assessment.

7. 189 E. Lake Shore Drive Ph 18

Copy Link
189 E Lake Shore Dr
Chicago, IL 60611

This 8,025-square-foot penthouse on Lake Shore Drive is essentially a mansion in the sky. Located on the 18th floor, this one sports highly refined finishes and sweeping lakefront views. It's available for $8.8 million and includes a monthly assessment of $7,328.

8. 161 E. Chicago Avenue Unit 60M3

Copy Link
Olympia Centre, 161 E Chicago Ave
Chicago, IL 60611

For $4.299 million, you'll get some pretty spectacular skyline views from this Olympia Centre unit. Located along the Magnificent Mile, the assessment is equally magnificent at $7,282 per month.

9. 65 E. Goethe Street Unit 4N

Copy Link
65 E Goethe St
Chicago, IL 60610

Located in the Lucien LaGrange-designed 65 E. Goethe, this unit features a classic European-inspired aesthetic. This unit is long and spacious, but one of the big highlights is the rooftop garden and deck space. The ask on this one is $6.2 million and includes a $7,147 monthly assessment.

10. 1500 N. Lake Shore Drive Unit 20B

Copy Link
1500 N Lake Shore Dr
Chicago, IL 60610

This colorful co-op unit at 1500 N. Lake Shore Drive is a bit on the eccentric side with its various patterns and shades of wallpaper and paint. But like other lakefront co-ops, this one is certainly not cheap. It's seeking $3.4 million. Be sure to set aside another $6,841 per month for the assessment (which includes taxes).

Loading comments...

1. 1110 N. Lake Shore Drive Unit 8S

1110 N Lake Shore Dr #8s, Chicago, IL 60611

This four-bedroom, four and a half bathroom unit in the Benjamin Marshall-designed 1110 N. Lake Shore Drive overlooking Lake Michigan has a listing price of $2.4 million. However, the real sticker shock is the monthly assessment, which comes to $13,401. At least property taxes are included in this amount.

1110 N Lake Shore Dr #8s
Chicago, IL 60611

2. 1500 N. Lake Shore Drive Unit 14-15

1500 N Lake Shore Dr, Chicago, IL 60610

This spacious two-level co-op on Lake Shore Drive listed earlier this year at $13.5 million, becoming one of the city's most expensive for-sale properties. Today, it's asking $10.5 million, but the monthly assessment comes in at an equally whopping $10,861 per month. And unlike the priciest monthly assessment just down the street at 1110 N. Lake Shore Drive, this monthly payment doesn't include property taxes.

1500 N Lake Shore Dr
Chicago, IL 60610

3. 2430 N. Lakeview Avenue Unit 5-6S

2430 N Lakeview Ave #5, Chicago, IL 60614

This unit in the Andrew Rebori-designed 2430 N. Lakeview Avenue listed a few months back and is currently asking $3.35 million. The monthly assessment, which includes taxes and everything else imaginable, runs $10,478 per month. The listing agent also mentions that the building is "cash only." Millionaires need only apply.

2430 N Lakeview Ave #5
Chicago, IL 60614

4. 2430 N. Lakeview Avenue Unit 11-12N

2430 N Lakeview Ave, Chicago, IL 60614

There's no denying that this 5,600-square-foot unit at 2430 N. Lakeview is grand. It boasts original vintage finishes and a hand-crafted charm only found in older homes. However, this level of craftsmanship and luxury will cost a pretty penny. The listing is seeking $3.49 million with an additional $10,000 per month assessment.

2430 N Lakeview Ave
Chicago, IL 60614

5. 118 E. Erie Street Ph 2

118 E Erie St, Chicago, IL 60611

This penthouse space at the Ritz-Carlton Residences hasn't been built out yet, but the listing features a number of renderings that offer an idea of how it can be finished. And with a $10 million ask, the bill for the completed unit could make this one of the priciest condos in Chicago. The monthly assessment will set you back another $8,905.

118 E Erie St
Chicago, IL 60611

6. 401 N. Wabash Avenue Unit 87A

Trump International Hotel & Tower Chicago, 401 N Wabash Ave, Chicago, IL 60611

Located on the 87th floor of the Trump Tower, this baller four-bedroom, four and a half bathroom unit is stylish and nicely appointed. One of the cool things about it is that it wraps around the building, offering skyline views in all directions. This one is asking $12.7 million and comes with an $8,751 monthly assessment.

Trump International Hotel & Tower Chicago, 401 N Wabash Ave
Chicago, IL 60611

7. 189 E. Lake Shore Drive Ph 18

189 E Lake Shore Dr, Chicago, IL 60611

This 8,025-square-foot penthouse on Lake Shore Drive is essentially a mansion in the sky. Located on the 18th floor, this one sports highly refined finishes and sweeping lakefront views. It's available for $8.8 million and includes a monthly assessment of $7,328.

189 E Lake Shore Dr
Chicago, IL 60611

8. 161 E. Chicago Avenue Unit 60M3

Olympia Centre, 161 E Chicago Ave, Chicago, IL 60611

For $4.299 million, you'll get some pretty spectacular skyline views from this Olympia Centre unit. Located along the Magnificent Mile, the assessment is equally magnificent at $7,282 per month.

Olympia Centre, 161 E Chicago Ave
Chicago, IL 60611

9. 65 E. Goethe Street Unit 4N

65 E Goethe St, Chicago, IL 60610

Located in the Lucien LaGrange-designed 65 E. Goethe, this unit features a classic European-inspired aesthetic. This unit is long and spacious, but one of the big highlights is the rooftop garden and deck space. The ask on this one is $6.2 million and includes a $7,147 monthly assessment.

65 E Goethe St
Chicago, IL 60610

10. 1500 N. Lake Shore Drive Unit 20B

1500 N Lake Shore Dr, Chicago, IL 60610

This colorful co-op unit at 1500 N. Lake Shore Drive is a bit on the eccentric side with its various patterns and shades of wallpaper and paint. But like other lakefront co-ops, this one is certainly not cheap. It's seeking $3.4 million. Be sure to set aside another $6,841 per month for the assessment (which includes taxes).

1500 N Lake Shore Dr
Chicago, IL 60610