As the saying goes: “Go big or go home.” Luxury home buyers in August did both, as the top homes sold during the month each stretched over impressive square footage and lot sizes. The most expensive sale for August sits on not one, but three oversized city lots. It’s clear that home and lot size are a factor in setting properties apart for the high-end buyer in Chicago.
Another common denominator from August’s sales was the neighborhood. Lincoln Park has long been one of the city’s most sought-after neighborhoods, and luxury buyers definitely flock toward properties on some of the most prestigious streets: Burling, Kenmore, Howe. These blocks allow for large homes and wide lots that move quickly on the market.
Here’s a closer look at the top five single-family homes that sold in August, starting with the most expensive sale:
1950 N Burling St
Original list price: $12.95 million
Sold price: $11.9 million
This Lincoln Park home stretches over three oversized city lots, built in 2013 on a 900 x 130 foot lot. That allows for 8,000 square feet of interior spaces, six bedrooms and six full/two half baths on a renowned block in the heart of Lincoln Park. The details—both indoors and out—are just as stunning as the size. The home is on a sunny south-facing lot, with a 39-foot terrace and adjacent grilling area just off of the great room. There’s also a huge lawn and a formal garden and patio, surrounded by lush trees for ultimate privacy. The home has two levels, including a beautifully finished lower level with a 1,000 bottle wine room, a guest bedroom with private entrance and a gift-wrapping room. On the main level, the impact of this home’s design is apparent as soon as you walk through the reception foyer, which has refined formal room on either side and leads into a chef’s kitchen. The serene master suite includes a sitting room, white marble bath and large walk-in closets.
2036 N Kenmore Ave
Original list price: $5.35 million
Sold price: $4,8 million
A spectacular home in Lincoln Park, this home is a whopping 9,500 square feet on an extra wide, 37.5-foot lot. Showstopping features include an indoor basketball court, an attached three-car garage and a rooftop terrace with turf for year-round green space. The great room opens onto a limestone patio with an outdoor fireplace and acesss to the garage top roof deck. There are four bedrooms on the second level, including a luxurious master suite with sensational closet space and spa bath. On the lower level, find a large storage/exercise room, media room, play space, full bath and a large laundry room with double washer and dryer. Additional details in this home include 12-foot ceilings, gracious room sizes, and an all-new kitchen designed for entertaining.
2039 N Howe St
Original list price: $4.2 million
Sold price: $4.36 million
Another extra-wide lot (30 x 125 feet) let’s this 6-bedroom home stretch over 6,300 square feet. Located in east Lincoln Park, this is a new construction property built for luxury living. On the main floor, find a stunning formal living room with limestone fireplace and expansive dining room. A custom kitchen features commercial-grade appliances, stunning cabinetry, a massive island and banquette. An oversized family room showcases a wall of windows, custom cabinets and a fireplace that opens to a rear yard and garage roof deck. City views can be taken in from an additional large deck. The lower level includes two bedrooms, an optional workout room wine cellar, large family room with wet bar and half bath.
1324 N Dearborn St
Original list price: $5.2 million
Sold price: $4.25 million
Built on an extra deep lot (25 x 150 feet), this home showcases a meticulous design throughout its 7,280 square feet. The entrance greets you with a grand staircase that leads to a formal entertaining space and into a coveted great room. The kitchen is newly remodeled. The full-floor master suite features two wood-burning fireplaces, a study with wet bar, spa bath and his-and-her closets. The lower level has additional entertaining space and a home theater. Exposures to the north, east and west lend graceful natural light, and an amazing terrace provides ample space for outdoor living and entertaining during the warmer months.
2041 N Howe St
Original list price: $4 million
Sold price: $3,773,300
This 6-bedroom masonry home in Lincoln Park is in one of the neighborhood’s best locations, just steps from Oz Park. Spanning 6,200 square feet, the home’s foyer opens to a spacious living room and dining room, near the chef’s kitchen which includes a butler’s pantry with two wine fridges, three ovens, two dishwashers, two Sub Zero refrigerators, a Wolf range, island and breakfast bar. Outdoors, enjoy two large decks, including a roof deck above the garage (which features a lift to allow for 4-car parking). On the lower level, you’ll find a movie theater with 4K screen, wine cellar, wet bar, plus a large ensuite bedroom. Up top is a rec room, wet bar and rooftop deck with city views. The home also features important design details like closet organizers, crown molding, built-in snow melt out front, and a Creston system to control sound and lighting via an iPad.
If you’re considering making a home purchase, I highly recommend we take a look at the most recent sales together and see how they compare to the features you want in your new home. It’s a great way to familiarize yourself with the current market and understand what to expect when it comes to figuring out your budget and your must-haves in a new home.
To learn more about the homes that recently sold, or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]