Sales for Chicago luxury real estate continue to be good, with 43 luxury condo apartments sold during the month of December. This is despite the fact that December is typically a sluggish month for real estate, with the holidays, colder weather and the anticipation of a new year ahead.
It’s always a good idea for buyers to take a look at recent sales to get an idea of the features of a luxury condo that has recently sold at what price. Buyers can then use that information to compare with their own budget and what features, amenities, etc. they would like to see in a new Chicago condo apartment for themselves. To receive photos and/or the entire list of December’s sales, simply email me at [email protected].
The luxury condos sold during December ranged in price from $1 million up to $4.3 million, and had a few common denominators among them: generous square footage, location in prestigious high-end buildings, and many were also in new or relatively new buildings that boast a certain cache in downtown Chicago.
Here’s a closer look at the top 5 apartments sold in December:
Address: 179 E Lake Shore Dr., Unit 20W
Original list price: $3.3 million
Sold price: $2.85 million
Square footage: 3,560 square feet
Nested along the much-loved Lake Shore Drive, this Chicago condo went through a stunning total renovation in the last few years, boasting beautifully appointed interiors, a spacious floor plan and unobstructed views of the city, lake and beach. The co-op building offers superior service to its residents, and includes an exercise room, valet package, business center, and indoor access to all the amenities of the nearby Drake Hotel.
Address: 60 E Monroe St, Unit 7201
Original list price: $3.5 million
Sold price: $3.05 million
Square footage: 4,580 square feet
This condo apartment was sold as an unfinished unit, allowing the buyer to take the reigns on finish its design to his or her exact preferences. The unit is located in the Legacy at Millennium Park, a luxury building in the heart of downtown Chicago, within walking distance of the financial district, the Art Institute, theaters, dining and more.
Address: 11 E Walton St., Unit 4201
Original list price: $3.399 million
Sold price: $3.199 million
Square footage: 3,436 square feet
This custom home in the Elysian building has undergone over $500,000 in incredible upgrades throughout. The unit features incredible city and lake views from the 42nd floor, 10-foot ceilings, gourmet kitchen and 2 oversized east and west facing balconies. Living at the Elysian also includes the 5-star services offered by the Waldorf Astoria hotel.
Address: 11 E Walton St., Unit 5801
Original list price: $3.265 million
Sold price: $3.265 million
Square footage: 2,579 square feet
This unit was sold as quickly it was listed, and it’s no surprise. Located in the Elysian, this apartment is fairly new and in the heart of one of Chicago’s best neighborhoods, the Gold Coast. The Elysian offers its residents top-notch concierge services, plus a state-of-the-art fitness center, 24-hour room services, and a 14,000 square foot deluxe spa.
Address: 2550 N Lakeview Ave., Unit C8-14
Original list price: $4.275 million
Sold price: $4.275 million
Square footage: 4,723 square feet
Found in one of the hottest Chicago new construction buildings on the market at 2550 Lakeview in Lincoln Park. Designed by Lucien Lagrange, this building just emanates luxury, from the elegant grand lobby, to its private park, club lounge, full-service fitness facility and much more.
Many buyers are looking at downtown Chicago as the right location for their next home purchase. It’s central location puts you close to both work and play, often within walking distance from everything from the office to the symphony and museums, not to mention dining, shopping and entertainment.
I’m finding that many empty nesters are looking at downtown Chicago condos to come in from the suburbs, to find a property that’s self-maintained and convenient for their lifestyles. I’ve also recently been working with people from all over the world, including Taiwan, Ireland, France and China. Chicago is becoming much more of an international city, as people are finding that it is much less expensive than the leading major cities of the world.
For more information on the condos sold recently in Chicago or to see what’s available now, contact me at (312) 498-5080 or email me at [email protected]