August sales of luxury real estate in Chicago surpassed those of the last few months, totaling more than $51 million in sales. During the month, 29 luxury homes sold—that is, those priced at $1 million and higher.
August’s sales ranged from $1 million up to $5.780 million, primarily in the Gold Coast, Lincoln Park and Lakeview, which are some of Chicago’s most sought-after neighborhoods that have continued to experience sales despite what much of the Chicago real estate market is experiencing as a whole.
Location in Chicago Luxury Real Estate
Just like previous summer months, the top luxury real estate sales all had one thing in common: the proverbial location, location, location. The top six properties in August’s luxury sales each were located on one of Chicago’s most coveted locations, on some of the most elegant blocks in the city. Even though many of these luxury properties have the luxury price tag to show for it, buyers did also experience spectacular deals in these purchases.
Here’s a look at the top six properties in August’s luxury Chicago real estate sales:
1425 N State Pkwy
List price: $5,750,000
Sale price: $5,780,000
This elegant 6 bedroom, 7.1 bathroom in the Gold Coast, sits on a huge 30-foot-by-130-foot lot and spans about 8,000 square feet. The generous space continues through every room, with a grand foyer, large bedroom, enormous sun-filled chef’s kitchen, landscaped terrace and 9-foot to 10.5-foot ceilings. This property walks the walk when it comes to luxury Chicago real estate, with impeccable maintenance, exquisite moldings, guest suite and game room.
1318 N Astor St
List price: $4,750,000
Sale price: $4,154,000
After experiencing a large price reduction, this detached single home spans about 7,500 square feet on one of Chicago’s favorite blocks in the Gold Coast. The property’s kitchen, family room, sun room and master suite bath were recently renovated, creating a new 4th floor, sky-lit office. An adaptable lower level could serve as a 5th bedroom or media room.
441 W Belden Ave
List price: $4,700,000
Sale price: $3,115,000
Another detached single-family home, this property sits on a double lot, spanning nearly 6,300 square feet on a premiere East Lincoln Park block. The large lot and square footage creates a 30-foot-by-20-foot living room, a 31-foot-by-22-foot great room and a large dining space under 12-foot ceilings. A 25-foot terrace overlooks the property’s side yard with full, mature trees. As you can see from the sale price, the buyer of this property got a great deal considering the original listing price.
1010 W George St
List price: $3,500,00
Sale price: $2,640,618
Another significant discount among luxury Chicago real estate sales. This incredibly unique home is ideal for entertaining, including a large lofted living room overlooking an indoor pool. It also features a mezzanine level with a family room and master suite, a full spa room, roof deck, garage and came with the option for the seller to add a 5th bedroom and a 6th full bathroom.
2108 N Magnolia
List price: $2,500,000
Sale price: $2,400,000
A very chic detached single-family home in Lincoln Park. Just 4-years old, this home has an attached garage for 2+ cars, as well as granite finishes, a built-in espresso maker, stainless steel appliances, a butler pantry, a grand master suite with a hotel-like bath suite. Both secondary bedrooms have their own in-suite baths. This home is also ideal for someone who loves to host—the top floor is a separate entertainment space, and the family room includes a wet bar and wine closet.
2210 N Cleveland Ave
List price: $2,500,000
Sale price: $2,235,000
Designed by Larry Booth, this home recently underwent an extensive renovation and showcases contemporary styling you don’t find on every corner in East Lincoln Park. An extra-wide interior and dramatic ceiling heights create a vast living space (6,300 square feet of it), complete with recreation, exercises and craft rooms in addition to a full-floor master suite and four top-level bedrooms and a sunroom.
Luxury homes in these great neighborhoods continue to sell, especially those with ultra-unique features that stand out above the rest. For a list of the 29 luxury properties sold in August, contact me at 312-264-5853 or email me at [email protected] and I’ll get them to you right away.