Downtown High Rises: Imperial Towers
Imperial Towers, located at 4250 North Marine Drive, is a condo high-rise building in the Chicago lakeside neighborhood of Buena Park. Buena Park is a small historic neighborhood nestled between Uptown to the north and Lakeview to the south. The area was first developed by wealthy merchants who wanted a location close to Lake Michigan, near their businesses but removed from the city’s center.
Residents are only nine minutes or five and a half miles north of downtown. The lake shore path and express busses make commuting easy for residents.
Imperial Towers is located on a three acre site which includes a Japanese viewing garden, olympic size pool, sun deck, convenience store and dry cleaner. It is located just steps away from from Lincoln Park, Montrose Beach and Montrose Harbor. The area also includes picnic areas, a bird sanctuary and two beach side restaurants. Recreational sports including golf, tennis, soccer, softball, jogging, biking, fishing, jet ski rental, paddle board rental and boating are available all along the shores of Lake Michigan.
Built in 1969, Imperial Towers is a complex made up of two parallel towers each standing 29 stories high, containing a combined 862 residential units. The building is full service and offers many amenities including 24-hour doorman, on site management, laundry facilities, receiving room, lending library, fitness center, party room and indoor tenant parking available for rent. The building does not currently allow in unit washers or dryers. Imperial Towers is a pet friendly building and does allow renting of units which makes it a good choice for investors. Some units have balconies, which increase the value.
- Studio and junior one bedroom units are about 550 square feet. They have recently sold for $85,000 – $115,000.
- One bedroom units are 900 – 1000 square feet. They have recently sold for $130,000 – $192,000.
- Two bedroom, two bath units are about 1450 square feet. They have recently sold for $200,000 – $260,000.
- There bedroom, two bath units are about 1700 square feet. They have recently sold for $300,000.
If you are interested in viewing units at Imperial Towers please see our listings page.