Yueying LI and Kevin Close sell 505 N Lake Shore Drive 2805, Chicago

The home at 505 N Lake Shore Drive 2805, Chicago, Cook County, was sold on June 2 by Yueying LI and Kevin Close for $575,000.

Castillo Ninoc (trust), Erric Castillo (trust), Erric Castillo (trustee) and Ninoc Castillo (trustee) were listed as the buyers.

Property taxes on the home totaled $8,282 in 2024, or 1.4% of the sale price.

This property is one of 2,676 sales in Chicago, Cook County, between May 2 and June 2.

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.