Priced to reflect the need for renovation, this exceptionally rare residence offers a unique chance to bring your vision to life and create a home that's entirely your own in one of Chicago's most iconic lakefront locations. Set high above Lake Michigan and Oak Street Beach, the views are truly remarkable-sweeping, unobstructed panoramas that stretch from the shoreline to the city skyline, with front-row glimpses of Navy Pier fireworks lighting the night sky. Encompassing approximately 2,200 square feet, this is one of only a select few oversized homes within the building-offering a scale and flexibility rarely found along Lake Shore Drive at this price point. Originally designed as a four-bedroom residence, the current layout presents an ideal opportunity to reconfigure and renovate-customizing the space to your needs while adding long-term value. The main living space features floor-to-ceiling windows that frame the ever-changing blues of the lake, filling the home with natural light and creating an open, airy feel. The kitchen is ideally positioned along the curve of Lake Shore Drive, offering a stunning backdrop and strong potential for a thoughtful redesign. A gracious entry introduces a well-placed powder room, while generous storage and existing built-ins provide a solid foundation to build upon. On the west side of the home, equally striking city views create a dynamic contrast to the lakefront panorama. The flexible secondary living space-currently used as a family room and office-can easily be reimagined as a private bedroom with ensuite potential, further enhancing the home's versatility. Additional features include an in-unit washer and dryer and the privacy of just two residences per floor, offering a quieter, more boutique feel within the building. Residents of 1240 Lake Shore Drive enjoy full-service amenities including door staff, an onsite engineer, valet garage parking with car wash service, and a rooftop deck with grilling areas, seating, and panoramic lake and city views. Perfectly positioned just steps from Michigan Avenue, this residence offers the rare opportunity to bring your vision to life-reconfiguring and refining the space into something truly special while capturing long-term upside in a premier location. The seller will also satisfy the current special assessment for riser replacement in full at closing, offering added peace of mind.