CHICAGO PENTHOUSES & BUYING TIPS

Penthouse Condos in Chicago for Every Budget

Starting around $400,000 and going upwards of $5 million, penthouse units and condos in Chicago are available in a wide budget range, going from top-floor homes in unique vintage buildings to the ultra-luxury condos high above the city.

In my nearly 25 years working in Chicago real estate, I’ve come across countless buyers who are interested in what many consider to be the crème de la crème of condo living: the penthouse unit.

But not all penthouses are created equal, especially in Chicago where the type of unit, price and layout can vary greatly from building to building. But some of the city’s best neighborhoods are ideal locations to find a penthouse unit, including Lakeview, Lincoln Park, Downtwn, Streeterville, Gold Coast and Bucktown. These coveted neighborhoods can have penthouse units that range anywhere from $550,000 to more than $5 million.*

DIFFERENT TYPES OF PENTHOUSES YOU’LL FIND IN CHICAGO:

Chicago Penthouses in a 3- or 4-Flat

Typical square footage: 1,300 to 1,600 square feet

Lot size: 25 x 125 feet

A three- or four-flat building typically offer the standard penthouse, and its usually the most expensive in the building. It might come with roof rights or a private roofdeck that can be accessed through the penthouse or a common hallway.

Wide-lot 3- or 4-Flat

Typical square footage: 1,600 square feet

Typical lot size: 37.5 feet wide

A wide lot means more horizontal space. Condos—and penthouses—in these buildings feel bigger and typically have the highest resale value when compared to other types of Chicago condos. These units also often boast features like high ceilings and outdoor space.

6- to 8-Flat

Typical square footage: 1,600 to 1,800 square feet

Typical lot size: 50 feet x 125 feet

The position of a building like this allows for lavish space and often a private roof deck, making it one of the most coveted condo types. Penthouses in a 6- to 8-flat might expand the entire floor of a building. The expansive horizontal space in a penthouse often equals better resale value than properties located on the lower floors of the same building.

Chicago Penthouses in a 3- or 4-Flat

Typical square footage: 1,300 to 1,600 square feet

Lot size: 25 x 125 feet

A three- or four-flat building typically offer the standard penthouse, and its usually the most expensive in the building. It might come with roof rights or a private roofdeck that can be accessed through the penthouse or a common hallway.

Wide-lot 3- or 4-Flat

Typical square footage: 1,600 square feet

Typical lot size: 37.5 feet wide

A wide lot means more horizontal space. Condos—and penthouses—in these buildings feel bigger and typically have the highest resale value when compared to other types of Chicago condos. These units also often boast features like high ceilings and outdoor space.

6- to 8-Flat

Typical square footage: 1,600 to 1,800 square feet

Typical lot size: 50 feet x 125 feet

The position of a building like this allows for lavish space and often a private roof deck, making it one of the most coveted condo types. Penthouses in a 6- to 8-flat might expand the entire floor of a building. The expansive horizontal space in a penthouse often equals better resale value than properties located on the lower floors of the same building.

READ MORE: CHICAGO REAL ESTATE DIRECTORY

If you’re in the market for a Chicago penthouse condo, email me with your price range, neighborhood and other details of what you’re looking for and I’ll send over photos and a list of available units for you to check out.

A SELECTION OF CHICAGO PENTHOUSES

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(all data current as of 7/9/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

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