Lisa and Matthew Alcorn acquire 3520 N Lake Shore Drive 7A, Chicago, appraised at $649,000

The home at 3520 N Lake Shore Drive 7A, Chicago, Cook County, was sold on May 27 by Lawrence Gelbert for $649,000.

Lisa and Matthew Alcorn were listed as the buyers.

Property taxes on the home totaled $11,018 in 2024, or 1.7% of the sale price.

This property is one of 2,755 sales in Chicago, Cook County, between April 27 and May 27.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.