Last month’s condo sales in Chicago continued to hold ground during summer’s end, with sales of luxury condos (those priced at $1 million or higher) totalling $47 million, with 28 units sold. A few things we continue to see among luxury condos include ample square footage, buildings with top-of-the-line amenities and new construction properties that allow buyers to custom-design their own home.
Not surprisingly, the top five sales for September occurred in the most prestigious buildings in the city, located mostly downtown, but also including the brand new building at 2550 Lakeview.
2550 in Lincoln Park is a new construction building that boasts incredible views and by far, the most exquisite lobby of any other condo building in the city. It also has a gorgeous landscaped, private, ¼-acre park that’s been beautifully designed exclusively for the residents here. Plus, this neighborhood is only an easy 20-minute bus ride to downtown Chicago, making it conveniently located for both work and play.
I have no doubt that a tour of 2550 will properly show you the panache that it has to offer, and I’d be happy to take you through the building and see if you agree.
As for the other top luxury sales, four out of the five were concentrated in downtown Chicago. Living in the heart of the city means you can walk to just about anything–work, five-star dining, upscale shopping, entertainment and cultural hot spots, parks and more. Many downtown Chicago condos put you a quick walk away from the Magnificent Mile (Michigan Avenue), the city’s famed block for high-end shopping and one of the truly great places to “experience” Chicago.
Here’s a better look at the five most expensive luxury condo sales during September in Chicago:
11 E Walton St Unit 4902
Original list price: $4.795 million
Sold price: $4.3 million
Another expansive Chicago condo, this one spanning just under 4,000 square feet. This half-floor residence will allow the buyer to custom-build their dream home perched atop the Waldorf Astoria, one of Chicago’s finest hotels. Lake views, sunrise and sunset terraces, spacious rooms, high ceilings and all services of the hotel are just a few perks of living at 11 E Walton in the Gold Coast.
840 N Lake Shore Dr Unit 1601
Original list price: $3.995 million
Sold price: $3.6 million
This Chicago condo lives more like a home in the ‘burbs, with a huge 4,350 square feet in the Gold Coast. Its 16th floor location offers stunning views of Navy Pier and Lake Michigan, and the building itself was designed in a Parisian style by Lucien Lagrange. The unit is split into guest and master wings, with a wide open dining and family room, 4 bedrooms and 4.5 baths. Not to mention, Lake Shore Drive is one of the city’s most sought-after addresses, as it is a street known for its prestigious real estate and elegant lifestyles.
900 N Michigan Avenue Unit 23A
Original list price: $2.975 million
Sold price: $2.975 million
The Residences at 900 are in the heart of some of the city’s main attractions and feature floor-to-ceiling windows with fabulous views to take it all in. This unit in particular features 10-foot ceilings, white oak floors, a lavish master bath and a generous 3,834 square feet–more than many single-family homes. The building has a private lobby and entrance for residents, valet parking, ample storage space and state-of-the-art technology throughout.
2550 N Lakeview Ave North Unit C7-25
Original list price: $2,505,990
Sold price: $2,505,990
Spanning a huge 3,030 square feet, this Chicago condo is comparable to the space found in a home in the suburbs. Including 217 square feet of outdoor space and 10’8” ceilings, this unit offers great views of the city skyline, Lake Michigan and Lincoln Park. Located in the aforementioned 2550 Lakeview, which features state-of-the-art mechanical systems, pet-friendly features like a paw wash and dog run, plus amenities designed to make everyday living luxurious, like a fitness center, indoor pool, sauna, steam room, rec room, club room and more.
1340 N State Pkwy, Unit 1S
Original list price: $2.575 million
Sold price: $2.45 million
This is a property that is truly one of a kind–located in the original Playboy mansion. This is the only unit in the building that leads out to the mansion’s garden and includes a private patio, beautiful architectural details and is elegantly appointed throughout.
Looking at recent sales for Chicago condos is a great way for buyers to get an idea of what’s on the market, especially if you’re interested in a certain amount of space, or having particular amenities. Recent sales can help paint a picture of what you can get at what price. For a more detailed list of September sales, or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]