Chicago Single-Family Luxury Home Sales Totaled $24 Million in January

1521 N State Parkway

We recently looked at the number of Chicago condo sales for the month of January, finding some common denominators among the types of luxury buildings that buyers are purchasing units in. When it comes to single-family luxury homes, we also find that the homes sold during January 2012 share some key characteristics as well.
Single-family luxury home sales totaled more than $24 million in January, with prices ranging from $1.1 million all the way up to $4.725 million. The top home sales were found on what I consider to be some of the most prestigious streets in Chicago, and located in the city’s most desirable neighborhoods like Lincoln Park and the Gold Coast.
Here’s a closer look at the top 5 luxury single-family home sales in January:
1521 N State Parkway 1521 N State Pkwy
Original list price: $4.9 million
Sold price: $4.725 million
This one-of-a-kind, 6-bedroom home sits on one of the best streets in Chicago’s Gold Coast neighborhood, with an oversized lot spanning 130 feet and a whopping 9,200 square feet of living space inside. Built in the 1890s, the home features Beaux-Art style architecture, with a stunning facade and original woodwork and details that pay homage to the era. While it’s often high-rise Chicago condo buildings that are noted for great views, this single-family home boasts views of nearby Lincoln Park and the Cardinal’s Mansion. There are only four homes on this sought-after block, so the availability of a home like this is rare.
1853 N Fremont St
Original list price: $2.5 million
Sold price: $2.245 million
Having undergone a 5-star renovation, this 1880s 4-bedroom home in Lincoln Park features an unbelievable layout with the finest finishes and details available. From Marvin arched doors and windows, to reclaimed herringbone white oak floors and Christopher Peacock custom cabinetry, this home radiates elegance from the lowest level up to the rooftop deck. This home is also on an extra-wide lot of 125 feet and features a park-like backyard perfect for enjoying time outdoors.
1849 N Howe St
Original list price: $1.775 million
Sold price: $1.65 million
This home shows us another common factor among luxury homes that are selling: that extra-wide lot. With 5 bedrooms and a great floor plan, this home features a new kitchen, landscaped patio, master suite, a third-level bedroom suite and unbeatable city views from the penthouse rooftop deck. Plus, the location in the Lincoln Park School district makes this ideal for families with school-age children.
621 W Belden Ave
Original list price: $1.895 million
Sold price: $1,637,300
Featuring modern updates to its original 1888 design, this home in east Lincoln Park offers an extra-wide lot with 4 bedrooms, a top-level office, and a solarium with a living tree. Details like the original trim, stained glass and mouldings remain, merging with upgrades like top-end appliances, lower-level heated floors and and open living and dining space.
1838 N Lincoln Park West Ave
Original list price: $1.5 million
Sold price: $1.299 million
Another restored 1800s home, this one a restored Italianate Victorian known as the Federick Wackher Mansion. This home features original woodwork, 13-foot coved ceilings, four fireplaces, a large deck, 4-car garage and a coach house separate from its 5 bedrooms.
Today’s luxury buyers know what they want in a Chicago real estate purchase—ample space in a great location, and often, a home with an architectural story to tell. To take a closer look at January’s single-family luxury home sales or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]