When it comes to homes that move quickly on the Chicago real estate market, there are a few factors we almost always see at work.
One is new construction. Brand-new properties are still somewhat hard to find, and high-end buyers are gravitating toward newly developed homes or those that were built in the last several years.
Another is space. Not just square footage, but lot space as well. A standard lot in Chicago are 25 x 125 feet, and amping that up or even doubling it guaranteed to draw buyers in. One of the homes sold this month was on a 50 x 124 foot lot, which means huge rooms inside and a large yard in the back.
And finally, buyers want that extra something that simply stands out. Maybe it’s jaw-dropping outdoor space, a grander than grand staircase or impeccable details in the architecture.
The most expensive single-family home sales in July each showcased one of more of these sought-after features. With 46 luxury Chicago homes sold (those priced at $1 million or higher), luxury sales totaled more than $76 million during the month. And about 20% of those sales were homes that sold for more than $2 million.
Here’s a closer look at the Chicago luxury homes that sold in July, starting with the most expensive sale:
468 W Huron St.
Original list price: $4.1 million
Sold price: $3.85 million
Another absolute stunner, this 10,000 square foot home is ideal for private, sophisticated living and entertaining on the north side. Featuring 6 bedrooms, 6 baths, an elevator, 5 fireplaces, a 58-foot spiral staircase and a 3-car garage, the living space offered by this home in unmatched.
2643 N Dayton St.
Original list price: $3.999 million
Sold price: $3.8 million
New construction in Lincoln Park is hard to come by, and the features of this home make it all the more covetable. With more than 8,100 square feet on a double lot, this home features 6 bedrooms, 6.5 baths and remarkable details throughout. The formal living room and dining room open up to a side deck for easy entertaining, plus the massive kitchen features custom cabinets, a huge breakfast area and a built-in work station. And a finished attic offers more than 1,000 square feet of living space that can be used for guest quarters, an office, playroom and more.
2739 N Lakewood Ave.
Original list price: $3.295 million
Sold price: $3.2 million
This bran new construction home is a stunning addition to Lincoln Park. Custom built in 2013, the home is on a 37.5” lot, making plenty of space for 6 bedrooms and 7,500 square feet. The interior features 4 large en-suite bedrooms on the second floor, a huge penthouse rec room with putting green and basketball area, a custom designed kitchen, home theater and a wine cellar. Incredible outdoor space, quality millwork throughout and radiant heated floors on the lower level are a few details that top it off.
712 W Schubert Ave.
Original list price: $3.2 million
Sold price: $2.85 million
One of the most magnificent homes in Lincoln Park, this 7-bedroom beauty is on an oversized lot and spans a generous 7,500 square feet. Exceptional architectural details, upscale finishes and a unique, sophisticated floor plan take this home to the next level, along with additional features like an elevator, grand center circular staircase, and 4 fireplaces. Five outdoor spaces offer a spectacular place to enjoy the open air, with a large backyard, garage deck and rooftop deck with fireplace.
1854 N Burling St.
Original list price: $2.729 million
Sold price: $2.675 million
This wide brick and limestone home in the heart of Lincoln Park was built by high-end developer Metzler-Hull, with clean and modern updates throughout. Inside you’ll find amazing architectural details, a curved staircase, arched doorways, 12-foot ceilings, 3 fireplaces and custom built-ins. Outdoors, enjoy a magnificent French garden, terrace and a huge roof deck with skyline views.
For additional details on the homes that sold last month, or to see what’s on the market for Chicago luxury homes right now, contact me at (312) 498-5080 or email me at ssalnick[email protected]