The Chicago luxury home market hasn’t show signs of slowing down, and June was no exception. The month saw 75 closings on luxury single family homes (luxury defined as a closing price of $1 million or higher) for a total sales volume of $128 million. And for the ultra-luxury market (sales prices of at least $2 million), there were 14 sales. These healthy numbers shows that high-end buyers are certainly taking action of properties that stand out from the crowd.
The top five most expensive homes to sell certainly had stand-out qualities, whether a very large lot size, a stunning new build or a highly sought after location. For a closer look at the nuances that put these homes at the highest end of the luxury market, let’s see what each had to offer, starting with the most expensive:
48 E Cedar St
Original list price: $3.995 million
Sold price: $3.25 million
This elegant Greystone in the heart of the Gold Coast spans 6,000 square feet with 4 bedrooms and 5.2 bath. It was recently updated and renovated by designer Tom Stringer, with new features like a spa-like master bath, new hardwood floors, a totally redesigned garden and deck, updated baths and a custom coat closet and storage. The remodeled lower level includes a huge laundry/craft room, 1,200 bottle wine cellar, exercise room and tons of built-ins. The Peacock kitchen has brand-new, two-inch quartz countertops, high-end appliances, a five-burner Viking cooktop and closet pantry. Details like custom lighting, wall coverings and window treatments are found throughout.
1845 N Orleans St
Original list price: $3.5 million
Sold price: $3.25 million
Built in 1896, this is a landmarked single-family home in Old Town, with four levels of luxury contemporary design, vintage accents and exquisite finishes. The home’s 6,000 square feet are built around a center stairwell. On the first floor, find a formal living room and dining room, spectacular chef’s kitchen, sun-drenched family room that opens onto a deck and a spacious patio through a folding glass wall. On the second floor there are three large bedrooms, two baths and a laundry and hot yoga room. And on the third floor is the master suite with spacious bedroom, true spa bath, elegantly appointed study with wet bar and terrace and spectacular city views. The lower level includes a spacious walk-out family room, main laundry room, a bed/bath combo and storage. This home’s Old Town location puts it near parks, shopping, restaurants and public transportation.
1259 W Wrightwood Ave
Original list price: $3.65 million
Sold price: $3.1 million
Set on an extra wide (38 x 132 feet) lot, this gated custom home spans a generous 7,600 square feet. Built by a prominent builder with unparalleled craftsmanship and detailed, this tranquil property is where fantasy meets reality. Features include an ultra-premium, commercial-grade infrastructure and systems, extravagant indoor and outdoor entertaining spaces and a dreamy array of stunning finishes. The grand entry hall showcases an elliptical staircase and a front oval salon with a golden, domed lit ceiling. You’ll also find a chef’s kitchen, great room with glass walls, sumptuious master wing with spa bath, an enormous barrel-vaulted penthouse room, and six outdoor spaces including a fabulous outdoor pavilion for movies, entertaining, yoga and a terrace with a huge hot tub. The property is billed as a work of art, built with few constraints or inhibitions and liberally taking advantage of the grand spaces, finest imported materials and the unbridled ingenuity of its designers. Every inch was imagined, designed, and constructed with the care, passion and forethought of the most discerning luxury buyer.
2130 N Seminary Ave
Original list price: $3.125 million
Sold price: $2.85 million
In the heart of Lincoln Park, this 5,165 square foot 6 bedrrom, 5.1 bath home is a stand-out on a fabulous street. The interiors were designed by a renowned firm with no detail left undone, including a stunning kitchen with oversized island, banquette seating, high-end finishes throughout, a gorgeous master suite with elegant bathroom, double vanity, steam shower and large soaking tub and a pandhouse floor with wet bar, rec room/media area and a spectacular custom-designed sports court. The lower level is comprised of two bedrooms, a full bath a media area, mudroom and extra laundry room. On the exterior, a beautifully landscaped limestone façade welcomes you to the property, and a two-tiered deck off the great room with a custom pergola lets you make the most of Chicago summers.
2124 W Pierce Ave
Original list price: $2,95 million
Sold price: $2.7375 million
This property is one of the premier mansions in the Wicker Park historic district, situated on an amazing huge lot measuring 52 by 162 square feet. The lot size allows for 7,039 square feet of living space that was meticulously gut renovated in 2009 and underwent a cosmetic renovation in 2018. The interior is flooded with sunlight and features custom millwork and built-ins, soaring ceiling heights, wide-planked walnut flooring and more. Beautiful details can be found throughout, including hand-carved marble surrounds, natural stone baths and a huge custom kitchen with top-line appliances. A huge top floor includes an additional bedroom and flexible living space, while the lower level includes a rec room, wet bar, and a separate entrance for nanny/in-law arrangement. The outdoor space includes a large back deck off the kitchen, an expansive yard and lush landscaping with professional lighting and irrigation plus a 3-car garage with a huge loft.
It will be interesting to see what the rest of summer brings, as June is often a month in which the market stabilizes as we head into the heart of vacation seasons. For more information on the Chicago homes that sold in June, or to see what’s on the market now, contact me at (312) 498-5080 or [email protected]