Luxury condo Sales in May matched the heat of the summer, with a total sales volume of $70 million. There were 43 luxury condos sold, ranging in price from $1 million to over $3 million.
One building was the star of May’s sales: Lincoln Park 2550. Of the five most expensive sales, this new construction building took the 3rd and 5th spots for the month. This was a project that was highly anticipated for a number of years, and the excitement has only gained momentum now that it is complete. It’s like no other building in the city, with a stunning, elegant lobby and a 1 ¼ acre private park right on the grounds. It’s also close to private schools and offers the same amount of space as a single-family home, making it ideal if you have a nanny or other assistants during the day to day.
I’ve said many times that the buildings that do well for resale are those that differentiate themselves from everything else on the market. Lincoln Park 2550 certainly does that to the nth degree.
While this building was certainly the showpiece of May’s luxury condos, there were a number of other noteworthy sales as well. Here’s a closer look at the top 5 most expensive condo sales, starting with the most expensive:
50 E Chestnut St., Unit 1301
Original list price: $3.295 million
Sold price: $3.195 million
At the corner of Rush and Chestnut in Chicago’s Gold Coast, this is a full-floor residence spanning more than 3,800 square feet. This unit was the last of the developer’s units, featuring a private elevator foyer, floor-to-ceiling windows, two oversized terraces, highly upgraded finishers, Wolf/Subzero appliances, designer cabinets and counters, upgraded light fixtures, built-out closets and hardwood floors throughout. The home is also pre-wired for audio, video and Lutron lights throughout.
401 N Wabash Ave., Unit 77D
Original list price: $$2.95 million
Sold price: $2,837,500
Trump Tower reigns again on our top sales list. This 3-bedroom unit sits on the 77th floor, allowing for unbelievable sweeping views of the city, lake and skyline. The 4 baths include an extra large master bath with double walk-in closets. A spacious living room opens up to the dining room, which follows the dramatic curve of the building, and a large kitchen includes Subzero, Viking, Wolf and Miele appliances with Snaidero cabinets. Residents of Trump Tower can enjoy all of the amenities of the building’s hotel, including room-service, in-room dining, valet parking, a state-of-the-art fitness center and spa and much more.
2550 N Lakeview Ave., Unit D1-24
Original list price: $2.854 million
Sold price: $2.73 million
This unit is found in one of the finest buildings in Chicago luxury real estate: Lincoln Park 2550. With 4 bedrooms and 4.5 baths, the interior stretches more than 3,500 square feet with a 254 square foot terrace that boasts lake, park, pond and city views. The fully appointed cook’s kitchen includes a large breakfast bar, Italian cabinetry, and SubZero, Wolf and Miele appliances. The home also includes oak floors and floor-to-ceiling windows and a marble spa master bath. The building is beautiful, but full of conveniences and amenities as well, such as an indoor pool, fitness center, dog run and much more.
77 E Walton St., Unit 23F
Original list price: $2.7 million
Sold price: $2.7 million
Just off of the Magnificent Mile, the Residences at 900 is one of Chicago’s best residential addresses in downtown Chicago. The building offers a private residential lobby on Walton, valet parking, huge storage and state-of-the-art technology. This 3-bedroom unit spans 3,400 square feet with floor-to-ceiling windows, fabulous views, 10-foot ceilings, 4” white oak floors throughout, a Snaidero kitchen and a lavish master bath.
2550 N Lakeview Ave., Unit C6-30
Original list price: $2.791 million
Sold price: $2.66 million
Here it is again: Lincoln Park 2550. This unit is a 3 bedroom, 3.5 bath unit with 2,655 interior square feet and 188-square foot terrace that offers amazing lake, park and city views. The large master suite includes a walk-in closet and marble spa bath, while the kitchen boasts Italian cabinetry, luxury appliances and more. This is one of the hottest buildings in Chicago right now, in the heart of scenic Lincoln Park and with practically limitless features and amenities for its residents to enjoy.
To learn more about the Chicago condos that sold last month or to see what’s on the market now, contact me at (312) 498-5080.