You might recall that as we headed into the fall months, Chicago condo sales were a bit of a question mark after a soft September. But looking at October sales, that month may have been an anomaly, as October bounced back with not only a healthy number of total sales, but several units in the “ultra-luxury” sector that sold for more than $2 million.
Another trend that returned was that most of the luxury Chicago condos sold—including the top five most expensive ones—boast more than 3,000 square feet of living space. The top five were also newer or brand new properties, showing that buyers are still looking for turn-key properties that offer ample space when it comes to shopping Chicago condos.
All in all, October saw $80 million in total sales for Chicago luxury condos, with 51 sales in total ranging from $1 million up to $3.7 million. Here’s a closer look at the top five most expensive, in descending order:
11 E Walton St, Unit 3002
Original list price: $3.875 million
Sold price: $3.7 million
This exquisitely renovated Chicago condo in the Waldorf Astoria spans 3,436 square feet high on the 30th floor, allowing for stunning views of Lake Michigan. The 3 bedroom, 3.1 bath home offers plenty of space for entertaining, with a living and dining room that open to an east-facing balcony with gorgeous views and custom-designed fireplace that’s perfect for accommodating large groups. There’s also a new designer chef’s kitchen that includes Wolf, Subzero and Bosch appliances, a 10-foot waterfall island and ample storage. The master suite features sunset views from the private balcony or soaking tub, along with an expanded master closet with custom cabinetry. Residents of the Waldorf Astoria can enjoy the fie-star hotel amenities that are included in their monthly assessments, plus a 24-hour door staff and a valet parking space.
400 W Huron St, Unit 1201
Original list price: $3.6 million
Sold price: $3.525 million
This newer boutique building was designed to redefine modern luxury, with unparalleled design and finishes. The current owner worked with a top designer to enhance the gorgeous design that features jaw-dropping views from every single room. A stunning, custom Valcucine kitchen was created to be the heart and soul of the home, opening up to a huge family room and 46-foot wide terrace. The master suite has been customized with a sitting room, two walk-in closets, and a spa bath that open up to a second, private east-facing terrace. Building amenities include a fitness facility, temperature-controlled wine storage, secured bicycle storage, a covered, outdoor dog run and 24-hour door staff.
50 E Chestnut St, Unit 2501
Original list price: $3.5 million
Sold price: $3.35 million
A three bedroom, 3.1 bath unit spanning nearly 4,000 square feet, this Chicago condo sits on the 25th floor with a split bedroom floorplan. The unit offers private elevator access/foyer into a double door entry, 10-foot ceilings and expansive floor-to-ceiling windows. Details like high-end finishes, motorized window shades, top-of-the-line appliances and Brookhaven cabinets and two private balconies with lake exposures up the luxury factor.
30 W Oak St, Unit 9B
Original list price: $3.1 million
Sold price: $2.95 million
This 9th floor, 3,349 square foot three bedroom Chicago condo is located in one of the top boutique buildings in the Gold Coast. It’s been meticulously upgraded with panoramic floor-to-ceiling windows, 10-foot ceilings and electronic shades throughout. Outdoors, a 24-by-12-foot terrace includes irrigated custom plantings, lighting and gas line. The Poggenpohl kitchen has new Carrera marble countertops, two Subzero refrigerators, four freezer drawers, two Miele dishwashers, two Miele ovens and a butler’s pantry with wine refrigerator. You’ll also find a bevy of other luxury details: a smarthome system that controls all home technology through a smartphone or tablet; limestone and white oak floors; a Victoria and Albert freestanding tub; Carrera marble floors in the master bath; and his-and-hers closets with built-in safes. The building also boasts a brand-new, state-of-the-art gym.
676 N Kingsbury St, Unit 504
Original list price: $2.379 million
Sold price: $2.475 million
These are River North’s best new luxury condominiums, bringing together a historic renovation with elegant new construction into 41 unique residences. This four bedroom unit spans 3,103 square feet on the second floor. The boutique building is designed to boast large outdoor spaces, 24-hour door man, exercise room, garage parking options and many units with private elevator access.
It was great to see the a strong month for Chicago condos as we head into the winter season. If you’re considering making a home purchase this is a great time of year to make it happen, as the competition among buyers often dies down, and many sellers are apt to make a deal so that their property does not sit on the market for another three months. Seeing what types of properties sold in the previous months can give you a good idea of what to expect when you’re prepared to hit the market yourself.
For more information on the Chicago luxury condos 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].