The Best Co-Op Apartment Buildings in Chicago IL

Chicago is a vibrant city known for its architectural marvels, rich history, and diverse neighborhoods. For many, the allure of city living is undeniable, especially when it comes to finding the perfect co-op apartment. Co-ops, or cooperative housing, offer a unique blend of community living and ownership that appeals to many urban dwellers. If you’re on the hunt for the best co-op apartment buildings in Chicago, this guide will help you explore the most impressive options in the Windy City.

What is a Co-Op Apartment?

Before we explore the best buildings, it’s essential to understand what a co-op apartment is. Unlike traditional apartments or condos, purchasing a co-op means buying shares in a corporation that owns the building. These shares give you the right to lease an apartment in the building.

Co-op living is different from owning a condo or renting an apartment. Residents collectively own the property and share responsibility for its maintenance. This model fosters a strong sense of community among residents.

Co-ops often have strict vetting processes for potential buyers, ensuring that new owners will be a good fit for the community. This can result in a more stable and harmonious living environment.

209 E. Lake Shore Drive

Few places are as iconic as E. Lake Shore Drive, showcasing some of Chicago's most sought-after condominium and apartment complexes along the picturesque waterfront. Among these, one building stands out with its impressive amenities, including a private yard, a patio, and 24-hour doorman service. Designed by Benjamin Marshall in 1925, this architect is also renowned for other landmark Windy City properties such as 999 N Lake Shore Drive and the Drake Hotel.

Surprisingly, 209 E. Lake Shore Drive comprises only 35 units spread across 18 floors. Each level features two mirror-image apartments, each boasting its own library, living room, and dining room, all offering breathtaking views of Lake Michigan through expansive panoramic windows. However, such luxury comes with a steep entry price; residents must purchase their homes in cash, which can range from $1.5 million and beyond, depending on the specific unit.

1320 N. State Parkway

Few buildings from the 1920s in Chicago manage to preserve their original charm as effectively as 1320 N. State Parkway. This boutique vintage co-op, while over a century old, continues to captivate with its timeless elegance. Upon entering, you're welcomed by a grand lobby featuring sleek floors, intricate moldings, and arched doorways that evoke the grandeur of a bygone era.

The co-op apartments within are both spacious and tastefully appointed, boasting high ceilings, hardwood floors, and generous windows. Many units exude added character through original details such as crown moldings, built-in bookcases, and cozy wood-burning fireplaces. However, not everything here is steeped in history; the meticulously maintained amenities include a fully equipped fitness center and an outdoor terrace, complete with distinct areas for dining, grilling, and relaxing on warm summer days.

2430 N. Lakeview Ave

At 2430 N. Lakeview Ave, the notion of 'too much space' is virtually nonexistent. This is exemplified by the expansive floor plans, typically featuring five bedrooms and over 5,000 square feet of living area. The generously sized interiors boast windows that face multiple directions, offering breathtaking views of both Lincoln Park and Lake Michigan, enhancing an already exceptional living experience. 

Residents benefit from a full-service lifestyle, complete with 24-hour doormen, on-site building engineers, and dedicated property management. Additionally, 2430 N. Lakeview Ave offers impressive amenities, including an outdoor patio equipped with a kitchen and lounge seating, alongside a sports court complete with a basketball hoop. The property is pet-friendly and conveniently located within walking distance of numerous green spaces and dog parks.

1500 N. Lake Shore Drive

Another standout option on its namesake street, 1500 N. Lake Shore Drive has been a cornerstone of the Chicago waterfront since 1927. Designed by Rosario Candela, renowned for crafting some of New York's finest luxury apartment buildings, this residence showcases his distinctive style in Chicago. The result is a timeless masterpiece of luxury living that continues to captivate nearly a century later.

The co-op apartments at 1500 N. Lake Shore Drive are truly spectacular. Rising 23 stories, the building features 57 expansive units, with some exceeding 8,000 square feet. All apartments boast high ceilings and large windows that offer stunning views of Lake Michigan and the city skyline.

This full-service building provides an array of amenities tailored to meet the needs of its discerning residents. A 24-hour doorman ensures security and convenience, while the on-site management team oversees smooth operations. Additional features include an exercise room, bicycle storage, a dedicated storage area, and an on-site parking garage.

999 N. Lake Shore Drive

Do you remember 209 E. Lake Shore Drive from earlier? This is its distinguished sibling building, completed by Benjamin Marshall in 1912—13 years prior to 209 E. Lake Shore Drive. With this decade-plus of seniority comes an abundance of old-world charm. The building houses 27 residences, each worth every penny of their multi-million dollar listings. Featuring expansive floor plans that sometimes span entire floors, these homes boast elegant formal dining rooms, wood-paneled libraries, and cozy fireplaces. Many units preserve original architectural details, including hand-carved moldings and vintage hardware.

Residents are treated to white-glove service, thanks to 24-hour doormen, on-site management, and a dedicated maintenance staff. The beautifully landscaped rooftop garden offers stunning views of Lake Michigan and the city skyline.

Situated in the heart of the Gold Coast, 999 N. Lake Shore Drive grants easy access to the shopping and dining options of the Magnificent Mile, as well as the recreational opportunities of the lakefront. It’s a timeless sanctuary for those in pursuit of the pinnacle of luxury living in Chicago.

1242 N. Lake Shore Drive

Concluding our list of remarkable Chicago co-ops is 1242 N. Lake Shore Drive, a breathtaking 26-story Art Deco gem built in 1929. This architectural masterpiece features 35 spacious units, each radiating elegance and sophistication with classic touches such as high ceilings, hardwood floors, and charming wood-burning fireplaces, complemented by built-in banquettes—whatever those may be. Residents enjoy access to an exercise room and designated storage while benefiting from dedicated door service, package receiving, and enhanced security. Just a short stroll away are Lincoln Park's top attractions, including the picturesque lakefront trail, the Lincoln Park Zoo, and a variety of restaurants and shops. The building's prime location in the Gold Coast also offers easy access to the Magnificent Mile and other downtown amenities.