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The 10 Most Popular Luxury Chicago Condo Buildings

Every month I like to recap the top luxury sales from the previous month, both in single-family homes and condo sales. This look back helps reflect on what’s hot on the market month over month, and the price tag that comes with certain feature and amenities that luxury buyers are looking for.

Below we take a look at all of 2015, a year that experienced pretty consistent and healthy sales through each season. In the condo market in particular, it’s clear what buildings ranked high on buyer’s wish lists, each with something (or many somethings!) that is unique and makes it stand out among others. A few of those key features include:

Location: A downtown location or a direct line into the loop are crucial for a Chicago luxury condo. Not only does this make for an easy commute, it means close proximity to dining, shopping, nightlife and all of the great cultural activities the city has to offer.

Luxury services and amenities: Upscale condo buildings go far beyond a 24-hour door person and an exercise room. We’re talking world-class spa facilities, five-star concierge service, and everyday offerings (valet parking, pet services) that make luxury living more like a lifestyle.

Views: There isn’t a building on this list that doesn’t boast awe-inspiring views of the city skyline, Lake Michigan or Millennium Park. Luxury buyers seek an incredible backdrop for their home–preferably through floor-to-ceiling windows, to boot.

In the list below you’ll find the top 10 Chicago condo buildings that had the most individual luxury condo sales last year. The parameters are simple: the sale closed in 2015, and sold for a minimum price of $1 million. Let’s take a closer look:

Trump Tower Chicago1. 401 N Wabash (Trump Tower)
Units sold in 2015: 25
For a total sales volume of: $50 million
Trump Tower is closing in on a decade of being a part of the Chicago skyline, but its prominence in the luxury real estate market has hardly waned. This building is still at the top of my list of recommendations for my most discriminating luxury clients. This building, after all, is not just an address, but a way of living, with every feature and amenity imaginable: A Michelin-rated restaurant, internationally acclaimed spa and health club, a staff that will assist with everything from package delivery to greeting your guests. Not to mention, many of the units inside Trump Tower feature dramatic floor-to-ceiling windows that frame a spectacular, high-in-the-sky view of the city below.

340-E-Randolph-Unit-3901-CHICAGO-IL-60601-02. 340 N Randolph (340 on the Park)
Units sold in: 19
For a total sales volume of: $38 million
This Chicago luxury condo building is one of the best locations in downtown Chicago in the Lakeshore East neighborhood. The building is just off of Michigan Avenue, putting it within easy distance of the Magnificent Mile, Millennium Park, the Art Institute and more. The building exudes modern luxury, from the ultra-sophisticated lobby through each of its 68 floors. Amenities here include a 24-hour doorman, a 4,000 square foot fitness center, indoor pool and sky garden atrium.

180 E Pearson3. 180 N Pearson (Water Tower Place)
Units sold in 2015: 19
For a total sales volume of: $29 million
The residents of Water Tower Place can take advantage of the amenities and services that are offered by the Ritz-Carlton Hotel, such as the indoor swimming pool, health club and room service. And beyond that, there are plenty of things to do right outside your front door, like shopping on the world-famous Michigan Avenue.

The-Legacy-Condos_exterior44. 60 Monroe (The Legacy at Millennium Park)
Units sold in 2015: 17
For a total sales volume of: $19 million
These downtown Chicago luxury condos are elegantly appointed with unparalleled views of Millennium Park, Grant Park and Lake Michigan. A key feature is the sky bridge that connects The Legacy to the neighboring University Club of Chicago, where residents can access things like overnight guest rooms and catering services.

The Grant5. 1201 S Prairie (The Grant)
Units sold in 2015: 17
For a total sales volume of: $29 million
A fairly new addition to the south side of downtown Chicago, The Grant is a full-service building with amenities like a pool, gym, lounge room, party room, dog run, screening room and more. The condos here offer amazing views of the surrounding park spaces and is just steps from Museum Campus, the lakefront and a number of cultural attractions.

2550 n lakeview6. 2550 Lakeview (Lincoln Park 2550)
Units sold in 2015: 15
For a total sales volume of: $31 million
An ultra-elegant addition to Lincoln Park in the last few years, Lincoln Park 2550 has been a consistent presence in luxury condo sales. Buyers love this building for everything from the stunning lobby to seemingly limitless amenities, including a 1.35-acre park, fitness center, club lounge with catering kitchn, private movie theater, concierge services and much more. All of these features make this one versatile building, as it’s a great option for empty nesters looking to move into the heart of the city, families with children who can take advantage of the neighborhood’s great schools and activities, and young professionals who want to bridge living in a neighborhood without straying too far from downtown.

Chicago real estate at Park Tower 800 Michigan Avenue7. 800 Michigan Avenue (Park Tower)
Units sold in 2015: 15
For a total sales volume of: $34 million
Designed in a Parisian style by famed Chicago architect Lucien Lagrange, Park Tower is among the most luxurious and prestigious buildings to live in in downtown Chicago. The Chicago condos here are directly above the Park Hyatt Hotel, so residents have easy access to hotel services and amenities such as 24/7 room service, valet parking, the Hyatt’s health club and much more. Not to mention, Park Tower has a great Gold Coast location on Michigan Avenue, close to transportation, high-end shopping on Oak Street and the Magnificent Mile.

The_Heritage_at_Millennium_Park,_Chicago8. 130 Garland (The Heritage at Millennium Park)
Units sold in 2015: 13
For a total sales volume of: $17 million
Its location one half block west of Millennium Park means every condo in The Heritage offers breathtaking views of the landscape below, whether that’s the sprawling greens of parks, the beauty of the city skyline, the endless horizon of Lake Michigan, or better yet—all of the above. The view can be enjoyed indoors or out, thanks to private balconies off of each unit. The building includes an underground pedway for getting into downtown buildings, which is a huge plus on freezing winter mornings. Building amenities include deeded parking, a communal outdoor terrace and sky deck, fitness center, pool and spa, dog run and concierge.

600 N Lake Shore Drive9. 600 N Lake Shore Drive
Units sold in 2015: 12
For a total sales volume of: $17 million
This pair of high-rise Chicago condos is just steps away from the Lake Michigan shore. It’s one of the few newer construction buildings along Lake Shore Drive, one of the most exclusive and coveted blocks for luxury real estate in Chicago. The condos here offer unobstructed views through 7-foot windows, while the building itself features a rooftop sculpture garden, entertainment rooms, heated indoor parking, 24-hour door staff and a resident concierge.

The Fordham Chicago10. 25 Superior (The Fordham)
Units sold in 2015: 9
For a total sales volume of: $15 million
With 50 stories towering just off of Michigan Avenue, the Fordham is an example of classic elegance in downtown Chicago condos. Units are 1 to 3 bedrooms and include 9-foot ceilings, oak floors, fireplaces, high-end finishes and terraces that look out onto a breathtaking cityscape below. Building amenities include a wine cellar, humidor room, room and maid service, a private theater, in-house dog run, pet service and exercise facility and spa.

I would be happy to show you more or provide additional details about any of these buildings, as I’m confident that the popularity of each will continue into 2016. Contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.