February was an interesting month for Chicago real estate sales. Luxury homes that sold during the month ranged from $1 million to $2.75 million, which is quite a bit lower than the highest price sale we’ve seen in recent months. A total of 20 single-family homes closed for a total of $30.9 million.
When looking at the previous month’s sales, it’s often apparent that the luxury properties moving on the market are following some sort of trend—i.e., they are mostly new construction, or in the same neighborhood, or boasting incredible space or square footage. The most expensive home sold in February certainly stands out on the market, but for different reasons than we often see, including a few unique features, its location in a coveted school district and the fact that it’s actually not located on a lot-and-a-half or a double-wide lot—something many recently-sold homes have been.
Here’s a closer look at that top sale in Lakeview, along with the next five priciest sales in February:
3735 N Greenview Ave
Original list price: $2.7 million
Sold price: $2.75 million
The most expensive home to sell in February, this 6-bedroom, 4.2 bath stunner has all the bells and whistles you would expect. On a 30 x 125-foot lot in Lakeview, this year-old home features a custom chef’s kitchen with commercial-grade appliances, a built-in banquet, a huge family room, spectacular master suite and a unique attached breezeway. The outdoor space includes a private raised rear yard patio with an outdoor fireplace and roof deck. And, it’s Southport Corridor location puts this home in the Blaine School District, which is one of the city’s best and a key factor for many buyers today.
35 E Elm St
Original list price: $2.575 million
Sold price: $2.425 million
This Chicago home in the Gold Coast has all the newness of a new construction property with the vintage charm of its neighborhood—the home was rebuilt from the ground up, leaving the front facade but fitting the interior with 4 bedrooms, 2 full kitchens and 5 living areas. The home also features generous outdoor space in 3 separate areas, an elevator, designer appointments throughout, and a full separate apartment.
1434 N Mohawk Ave
Original list price: $2.499 million
Sold price: $2.105 million
Truly one of a kind, as this Old Town home was custom built on a 31 x 132-foot lot, allowing for a wide-reaching space and huge backyard. Five bedrooms and 4.1 baths span approximately 7,000 square feet with 3 bars, a huge living and dining room, family room and kitchen, vaulted ceilings with skylights and a stunning office overlooking the first floor. The amenities read like that of a four-star hotel, with an outdoor hot tub, gym, steam room and large movie theater room. A huge recreation room and full kitchen sit on the lower level that can serve as in-law or nanny quarters.
1720 N Cleveland Ave
Original list price: $2.35 million
Sold price: $1.9 million
An extraordinary property in Old Town, this 4 bedroom, 4.5 bath home receives amazing light through large windows that allow for views of the city skyline and St. Michael Church. With a Southern California style, this home spans over 5,000 square feet with a terrace, deck, office and media room, and generous storage space. and an all-over open floor plan. A finished lower level features a bedroom, bathroom, kitchen, laundry and recreation room.
2342 N Wayne Ave North
Original list price: $1,799,900
Sold price: $1,752,000
This new construction property in Lincoln Park was a must-see on the market. A five bedroom, 3.2 bath, this home featured everything form stunning custom millwork to coffered ceilings to a theater room and wine cellar. An incredible kitchen boasts custom cabinetry, Subzero and Wolf appliances and a butler’s pantry. Other enviable features of this luxury home include custom closets, four fireplaces, a steam shower and great outdoor space with a main level and 3rd level deck.
For more details about February’s Chicago real estate sales or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]