The numbers for June’s luxury real estate sales are out, and downtown Chicago and Michigan Avenue in particular have once again proved to be a great location for real estate sales. Luxury real estate is still selling, with 25 luxury condo sales in June (those that sold for $1 million or more), totaling $39.8 million in luxury sales for the month. Virtually all of the luxury Chicago real estate sales in June were on Michigan Avenue or just a block or two off of the famous mile. In addition to a great location, factors like walkability, uniqueness and how new a property is also play a key role for buyers in this market. Here’s a look at the top buildings for Chicago condo sales in June:
10 E Delaware in the Gold Coast.
10 E Delaware: Four units were bought in this Chicago new construction building, totaling $7.3 million and the most sales in one building for the month of June. Off Michigan Avenue in the Gold Coast, 10 E Delaware is a boutique development that allows its residents to access a la carte amenities of the adjacent Talbott Hotel. The can’t-beat location puts you right in the heart of fine dining and high-end shopping and very close to the a few of the city’s best beaches on Lake Michigan. On top of the availability of Talbott Hotel’s amenities, residents of 10 E Delaware also have a 24-hour doorman, a heated rooftop pool, access to the TEN Club for entertaining, and a state-of-the-art exercise facility all at their disposal. One of the Chicago condos sold at 10 E Delaware was a penthouse unit originally listed at $2.5 million. With 3,075 square feet, the unit sold for $2.325 million, or just $756 per square foot. 800 Michigan Avenue: A $2.7 million sale of a 3-bedroom unit in Michigan Avenue’s Park Tower was the highest-priced Chicago condo sale in the month of June. Park Tower is one of Chicago’s most coveted luxury buildings, located in front of the historic Water Tower. This unit is located on the northeast corner of a high floor, allowing for dramatic views. The condo also boasts a cozy terrace, custom millwork throughout, a great entertaining kitchen and much more.
999 N Lake Shore Drive.
999 N Lake Shore: Located on what is considered the most prestigious block in the city, this co-op building had a $2.6 million sale in June. The 3 bedroom unit in this Benjamin Marshall-designed building underwent a total gut renovation to include a stunning entertainment space, vast dining area and sun parlor. Adding to the luxury appeal are the views—the living room, study and master bedroom all provide views of Lake Michigan, as does the building’s rooftop deck. 159 E Walton: A $2.45 million 3-bedroom unit sold here in the enviable Palmolive Building; it’s one of the city’s most significant buildings in terms of architecture, history and in the last decade or so, luxury living. Located on the corner of Walton Place and Michigan Avenue, units in the Palmolive Building are a quick elevator ride or walk away from upscale shopping and five-star dining. Many of Palmolive building condos have amazing lake views and relatively unobstructed views of the skyline. Plus, each residence from the twenty-second story on up consists of the entire floor.
A park/lake view from The Park Monroe in downtown Chicago.
65 E Monroe: The Park Monroe is known for its ideal location, great amenities and the unbeatable views, with condos starting on the 42nd floor. The unit sold at Park Monroe in June for $2.2 million, features floor-to-ceiling windows that enable panoramic vistas of the city, sky and parks. The building itself offers everything from finely appointed finishes, to a theater room and a 24-hour doorman. Looking at June’s top sales, its clear that buyers are looking for walkability in their luxury Chicago real estate purchase; they want units with a great location that gives them easy access to everything they need. To see the full list of June’s luxury sales or to learn about the Chicago homes for sale in these top buildings, contact me at 312-264-5853 or by email at email@example.com.