1040 N Lake Shore Dr Unit 16C in Chicago sells for $1.55 million

The condominium at 1040 N Lake Shore Dr Unit 16C sold for $1,555,000 on August 4, 2026. Cook County Assessor's sales records show the sale price was 23% above its market value on record.

Listing data shows 3 bedrooms and 4 bathrooms.

An aerial photo shows apartment and condo buildings around the property.

The Assessor's records show a build year of 1968 and a market value of $1,267,890. The last sale before this one on record was $1,450,000 in 2005. The record lists Jean Cleveland as the seller and Mark F. Leopold as the buyer.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Cook County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $4,665 for the chicago transfer tax (CTA portion) and $4,585 for the owner's title insurance policy. Who pays what follows Cook County custom.

How much did the seller net?

By our estimate, the seller netted about $1,428,531. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $324,375 at closing. That covers the down payment and closing costs.

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