199 E. Lake Shore Dr Co-Op Hits Chicago Real Estate Market

Posted by Ted Guarnero admin on Wednesday, May 23rd, 2012 at 8:38pm.

Oprah's 199 E. Lake Shore Dr #6E Now For Sale

If anyone knows how to live in luxury, it’s Oprah Winfrey. But according to a recent article from Curbed, the television and media mogul has recently put her East Lake Shore Drive mansion home back up for sale after testing it on Chicago’s red hot rental market. The 4,600 square-foot Streeterville co-op was previously commanding a $15,000 a month rental price, but after the search came up empty for possible takers, the latest reports seem to claim that Oprah has finally chosen to sell this immaculate downtown Chicago residence.

199 East Lake Shore Drive was originally a rental building, but eventually became a cooperative in 1995. Its architect, Benjamin H. Marshall, is also behind the Blackstone and Drake Hotels and numerous other residential high-rise buildings along Chicago’s lakefront.  Amenities at 199 E. Lake Shore Drive include on-site parking (which is rare among vintage condo buildings in Chicago), a beautiful exercise facility, a spacious bike room, and additional storage space for each tenant.

Oprah’s condo, 199 E. Lake Shore Drive #6E, boasts 4,607 square feet of luxurious living space, 10-foot ceilings, gorgeous views of Lake Michigan from the living room, library and master suite, and a gourmet custom eat-in kitchen, butler’s pantry and wine room. The elegant space also includes in-unit laundry, a private terrace, 3 bedrooms and 4 bathrooms.

The listing price is $2.8 million, half of what was paid for the condo in 2006 and even less than half of the asking price of $6 million when the property was listed back in 2008. Despite the loss however, sources tell me Oprah’s financial situation will still be just fine.

For more information on real estate at 199 East Lake Shore Drive and other Streeterville condos, contact Ted Guarnero at (312) 810-6693.    

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Ted Guarnero, REALTOR® is a full-time real estate agent with over 1000 homes sold and $400 million in sales.  Working with Compass real estate offering professional and effective real estate services to help you succeed in the local real estate market. Visit www.seeChicagorealestate.com for information on downtown Chicago real estate and to get in touch with an expert in the Chicago real estate market. Before you hire your next Realtor call Ted Guarnero 855-See-Chicago, it's on the House !

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