September’s Chicago luxury condo sales were really filled with real estate eye candy, starring an ultra-luxury condo along East Lake Shore Drive. The ultra-luxury market in general was strong among condos last month, with 9 properties sold in excess of $2 million. The total sales volume for luxury condos in September was $74.5 million—not the highest month of the year, but certainly far from shabby given that the real estate market tends to dip in September.
As we head into fall, I encourage potential buyers to take a look at what’s moving on the Chicago real estate market. Learn about what features come with what price tag, and use that information to help determine your own expectations and budget for a new home.
With that, here are the top five luxury condos that sold in September, starting with that exquisite penthouse unit:
189 E Lake Shore Dr, Unit PH18
Original list price: $13.5 million
Sold price: $10.375 million
The month’s most expensive condo sale in Chicago deserves a drumroll, as this may very well be the most magnificent penthouse in the city. On the beautiful East Lake Shore Drive, this 5-bedroom condo spans 7,662 square feet on the interior—and a whopping 3,000 square feet (yes—3,000 square feet) of private outdoor space on the outside. The terraces off of the Solarium showcase the most spectacular lake and city views. The dramatic interior includes oversized windows, extraordinary ceiling height, a 50 x 20 foot living room that spans the entire front of the apartment with faces Lake Michigan. A thoughtfully appointed chef’s kitchen makes it prime for entertaining. The price also includes parking for 5 cars—a true rarity in the city.
401 N Wabash Ave, Unit 41A
Original list price: $4.25 million
Sold price: $4.1 million
The Trump name alone is practically a guarantee that this Chicago condo is packed with luxury, but this 4,000 square foot 3-bedroom unit takes it to the next level. The home has been highly upgraded and features 2 fireplaces, 10-foot floor-to-ceiling windows, Miele/SubZero/Worlf appliances, plus the opportunity to combine with an 1,100 square foot unit next door that would create a 5,100 square foot home with wraparound views. The building itself, is known for top-of-the-line service, like a world-class spa and gym, hotel amenities and five-star services like in-home catering and much more.
55 E Erie St, Unit 5202
Original list price: $3.995 million
Sold price: $3.85 million
Luxury living on the Magnificent Mile—this 4,165 square foot penthouse unit has been extensively upgraded so that the interior features match the breathtaking lake and city views offered in every room. The completely custom interior sounds like a wish list from the most discerning luxury buyer: A chef’s kitchen with custom Italian cabinets, wide-plank hardwood floors, a palatial master with 2 walk-ins and lavish bath, three private terraces, and much more. The building is full service with a 24-hour doorman, workout room and pool.
30 W Oak St, Unit 17B
Original list price: $3.85 million
Sold price: $3.65 million
Elegance is at the forefront of this one-of-a-kind, highly upgraded 3 bedroom condo in Chicago’s Gold Coast. Features include a customized floor plan that spans 3,349 square feet, 10-foot ceilings, an expansive wall of windows with south and west views and a 24 x 12-foot terrace perfect for framing sunsets. A recently added bonus family room is just off the chef’s kitchen, which features Poggenpohl cabinets, Miele appliances, SubZero refrigerators and a built-in Miele coffeemaker. The lavish master bath showcases top finishes in custom built-ins and marble baths.
50 E Chestnut, Unit 2301
Original list price: $3.75 million
Sold price: $3.55 million
Striking cityscape views from each room is the pièce de résistance for this Gold Coast luxury condo, thanks to its occupation of the entire 23rd floor. The 4,000 square foot layout is perfect for entertaining, with corner views and terrace access from the living room and a home theater in the family room. An expansive master suite includes an office, walk-in closet and two baths.
For additional details or photos on the properties that sold last month, or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]