This $7.2 million penthouse condo in the Gold Coast was one of several Chicago luxury sales in the month of April. The increase in April sales over March shows that buyers are still interested in Chicago's luxury real estate market.
Despite what continues to be branded as a difficult market, luxury Chicago condos
are continuing to sell, as shown by recently released data for April sales. The total volume of condos in April was higher than March, showing a continuing upward trend in luxury Chicago condo sales.
Total luxury condo sales in April totaled more than $46 million – more than the $40 million in March’s luxury condo sales. More than half ($30 million) of those sales closed in some of the city’s top luxury buildings, including several buildings that contributed to the high volume in March. Those luxury condo buildings with the most sales volumes in April were:
132 East Delaware
: Two units totaling $9.49 million sold in this luxury building, located just off Michigan Avenue near the Four Seasons Hotel. One of the properties sold was a penthouse unit boasting extraordinary panoramic lake and city views, 11-foot ceilings and an immense amount of high-end details sold for more than $7.2 million. This unit had an especially stunning outdoor space and was sold by a fellow agent at Prudential Rubloff in the Gold Coast.
600 N Lake Shore Drive
: With more than $4 million in total sales, 600 N Lake Shore Drive had 3 units sell. Steps from the beach, Michigan Avenue and Navy Pier, many units in this building meet the shore of Lake Michigan with unobstructed views.
10 East Delaware
: Continuing on the $6 million in March sales, 10 East Delaware sold 3 units in April, totaling $3.96 million. With a prime Gold Coast location at the corner of State and Delaware, this building features renaissance architecture, city and sky vistas, and highly coveted amenities like entertainment rooms and a state-of-the-art exercise facility.
180 East Pearson
: Coming off of $2.5 million in sales during March, a single unit at 180 East Pearson sold for $3.375 million in April. Just off of Michigan Avenue and next door to the Ritz-Carlton Hotel, the unit sold was a combination of two units totaling more than 5,500 square feet. Residents of this building can take advantage of the Ritz-Carlton Hotel and its Carlton Club.
270 East Pearson
: A top-floor Chicago condo was among $2.82 million in sales for three units at this Gold Coast building. That particular property boasted more than 800 square feet of outdoor space, 12 foot ceilings, and much more, not to mention its highly desirable location.
25 East Superior
: Two luxury Chicago condos
accounted for the $2.39 in sales at this elegant building between State and Wabash streets. As one of the neighborhood’s best newer buildings, it features all amenities, including door staff, indoor pool, a party room, movie theater, wine cellar and more.
1040 N Lake Shore Drive
: Chicago condos
on Lake Shore Drive are enviable pieces of Chicago real estate, and one unit sold here in April for more than $2.2 million. Upper-floor units in this building can include spectacular east and west views, plus a supremely convenient Lakeview location.
: A unit in Chicago’s famed Aqua building sold in April for $2.2 million. Located in Chicago’s New Eastside neighborhood, some units in Aqua—including this one—showcase 360-degree views of the lake and city.
Location is everything in Chicago real estate
Properties that did especially well in April sales have the one factor that just about any buyer never takes off their list: location. That is one reason why these Chicago condo
sales have continued to be successful in a down market—having a most-wanted location in Chicago real estate will keep resale values from sinking, as it continues to be very important to buyers no matter what the state of the market is.
Unique condo properties are also experiencing success in real estate sales. From duplex units to those properties with breathtaking lake and city views, these are features with staying power that continue to hold interest among potential buyers.
Contact me for a full list of Chicago condos
that sold in April or to learn more about the city’s luxury real estate market. We can also take a look at some of these in-demand buildings firsthand. Give me a call at 312-264-5853 or email me at [email protected]