Spring typically brings good signs to the real estate market, and we certainly saw that in last month’s luxury home sales. Property values in the luxury market are on the upswing, a fact that becomes all the more apparent looking at last month’s single-family luxury home sales. In April, 62 homes sold for more than $1 million (for a total sales volume of $98 million) and 10 of those homes sold for more than $2 million.
The $2 million-plus price tag isn’t nearly as common in our monthly recap, so 10 properties in the “ultra-luxury” category is an atypical amount for one month of sales. A few commonalities among last month’s sales were location (Lincoln Park and Lakeview), lot size (lots more than the standard 25-feet in width are highly coveted) and newness (several of these properties are brand-new construction homes).
Here is a recap of the top five luxury homes sold in April, starting with the most expensive:
1804 N Mohawk St
Original list price: $5.975 million
Sold price: $4.95 million
This 6,400 East Lincoln Park home is in a perfect location, just minutes from Lincoln Park, children’s parks, Lake Michigan, the Magnificent Mile and the Loop. It sits on a 46-foot-wide lot, which opens the home up to a whopping 6,400 square feet of living space. Inside, the master level includes a spa bath, dressing area, two walk-in closets and seven (!) additional closets; the penthouse level features a conservatory, exercise area and breathtaking views of the skyline. And as if the interior isn’t impressive enough, the exterior is an incredible bonus. Some of the al fresco features include a beautifully landscaped side yard and patio, mature trees, a 44-foot deck with covered dining area and sunning space, a sports court with separate access, and two additional penthouse terraces.
453 W Deming Pl
Original list price: $3.749 million
Sold price: $3.65 million
Although this home was sold before print, we’ve seen several of these single-family rowhomes on the sales report over the last few months. These new construction properties are adjacent to Lincoln Park, and residents here can enjoy the ultra-luxe amenities of 2550 N Lakeview. The property itself features a spectacular layout featuring 5/6 bedrooms, 4.2 designer baths, a luxurious master suite with two walk-in closets and statuary spa bath.
2227 N Magnolia Ave
Original list price: $2.975 million
Sold price: $2.8 million
This new construction property was billed as having too many features to list, but it certainly has plenty on the list anyway. A brand-new, custom-built, fully automated smart home in Lincoln Park, this home’s 5,300 square feet offer generous space and luxurious details. A chic white kitchen features a huge island, breakfast bar, built-in banquette and top-end appliances. The open living and dining rooms include a marble fireplace and temperature-controlled wine cellar. The master suite shares a level with two en suite bedrooms, and offers a separate seating area, sumptuous bath and custom closet space. The penthouse level has an additional guest suite along with a family room that opens up onto a rooftop terrace with an outdoor fireplace.
3653 N Greenview Ave
Original list price: $2.85 million
Sold price: $2.79 million
A new construction home in the Southport Corridor, this 6 bedroom is on an oversized lot, which allows for an extra-wide interior, generously proportioned living space and four bedrooms on the second level. There are high-end features throughout, including custom millwork, hardwood floors, tall ceilings and exquisite design details. The kitchen includes a butler’s and food pantry and built-in banquette; the family room serves as the epicenter of the home, with a dramatic barrel ceiling, built-in bookcases, a wood-burning fireplace, and opening to two large terraces. The home is also located in the Blaine Elementary School distirct, a highly sought-after feature for parents who want to live within the boundaries of one of Chicago’s best public schools.
3716 N Lakewood Ave
Original list price: $2.795 million
Sold price: $2.75 million
Another new construction property, this one on a 30-foot, extra wide lot and a tree-lined one-way street in the Southport Corridor. The home features a custom, all-limestone façade, a heated entry, an open-air room on the roof deck, locally handcrafted cabinetry and tile design, radiant heat on lower level and master bath and four bedrooms on the second level. This property is also within the boundaries of Blaine Elementary School.
For more information on the Chicago homes 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]