Even with winter underway and the holidays in full swing, luxury home sales didn’t take a winter break here in Chicago. There was plenty of luxury to see among $1 million and $2 million homes that sold, plus one standout property that stole the show: a $13.3 million estate on Burling Street in Lincoln Park. But, more on that in a minute.
Overall, December saw a total volume of $82.6 million in sales of luxury homes (those sold for more than $1 million). Eleven of the luxury single-family homes that sold went for more than $2 million. That was a healthy number, especially for this time of year, considering it’s typically packed with family and travel and not so much with purchasing real estate.
Ultimate Luxury in Chicago’s Lincoln Park
Staying true to the trends we’ve seen among luxury real estate sales, December’s single-family home sales were full of large lots, ample square footage and the ever-enviable new construction. Here’s a detailed look at the top five sales in December, starting with that stunner in Lincoln Park:
1955 N Burling St
Original list price: $18.75 million
Sold price: $13.345 million
It’s likely that there’s not a home in Chicago or in the suburbs that quite compares to this Lincoln Park estate. Located behind private walls on a whopping FIVE city lots, this is a single-family home that includes all of the sought-after amenities you might look for in a luxury condo. An award-winning indoor pool and spa, a home theatre, a 6-car garage, gym, wine room and staff rest area are just a few of the ultra-unique spaces that make this property a true estate property. With 20,000 square feet of living space, 6 bedrooms, 8.5 baths, a separate 2-bedroom guest house and incredible lawns and garden spaces, this property is more than simply a home, but a lifestyle that far exceeds even the most discriminating expectations. It even sold to an all-cash buyer.
Burling Street is known for its McMansions, and many of the homes on this block offer the best of the best among single-family homes in the city. The surrounding area includes streets like Howe and Orchard, which also have a number of new construction projects popping up to offer luxury buyers an opportunity to live in this coveted area.
Now is actually a great time to take a closer look at these three blocks in Lincoln Park if you’re in the market to buy. Working with luxury clients on new construction projects is a specialty of mine, and I would be happy to introduce you to the neighborhood and take a look at what’s being built.
1733 N Wood St
Original list price: $3.65 million
Sold price: $3.597 million
At 46-feet, this is another extra-wide lot for a custom-built home that is only a few years old. Built on a premiere block in Bucktown, this 6-bedroom, 5.1-bath home features 10-foot ceilings, a large rec room, a lush 1,500 square foot yard, elegant millwork, built-ins and more among elegant, traditional décor. It was snapped up by a buyer before the listing sheet even made it off of the printer.
458 W Deming Pl
Original list price: $3.35 million
Sold price: $3.35 million
This extra-wide lot provides more than 25 extra feet beyond the standard size lot, and that extra space means lots of room to live inside. This home’s 6,200 square feet spans over 6 bedrooms, 5.2 baths, a state-of-the-art master chef’s kitchen and much more. The details throughout this home make it a perfect blend of classic elegance and modern luxury, with features like an elevator, custom millwork, private terraces, and exercise room and an attached 2-car garage.
1901 N Dayton St
Original list price: $3.05 million
Sold price: $2.9 million
“Room to grow” was a major selling point for this Lincoln Park property, which was custom built on a corner lot with 6,000 square feet of living space inside. A lavish living room flows into the dining room, kitchen and family room, allowing for open-space living. The 5 bedrooms could easily convert to 6 with a lower level that could be transformed into an au-pair suite. And a master suite features an enormous walk-in closet and immaculate bath. And those are just on the inside. On the outside, you’ll find spectacular outdoor areas, with a split-level deck over the attached garage plus two private decks on the third floor.
3637 N Wayne Ave
Original list price: $2.95 million
Sold price: $2.9 million
Located on an extra-wide lot on a great block in the Southport corridor, this is yet another new construction home that was built with a thoughtful floorplan that allows for bright and spacious living throughout. And one great advantage for the buyer of this home was that they had some time to customize the home to their liking as it wen through the final stages of building. Spanning 6,300 square feet, 4 of this home’s 6 bedrooms sit on the second floor, making it ideal for family living. Other features include a quality chef’s kitchen, custom millwork, 5-inch-wide plank floors, spa-like master bath with beautiful tile work, multiple outdoor space and attention to detail and quality on each and every finish and fixture.
It will be interesting to see if January brings a typical seasonal slowdown or to see if buyer’s continue to make moves on luxury real estate in Chicago despite the winter chill. If you’re considering a real estate purchase, think about getting serious before the spring pick-up is in full swing and you’re faced with plenty of competition in the market. To see what’s on the market now or to check out some of Lincoln Park’s up-and-coming new construction projects,, contact me at (312) 498-5080 or email me at email@example.com.