November’s single-family luxury sales in the Chicago real estate market maintained their momentum, even as Chicago cooled off and snow began to fall. With 29 homes sold, 24 of them sold for just under $2 million, and total sales reached $51 million for the month. The most expensive sale topped $7 million—certainly one of the highest-priced properties to sell this year. That’s an especially unusual feet since sales are typically down in November, due to holidays and cold weather.
Of the 5 most expensive home to sell and close during November, 4 of them were not on a typical 25 foot by 125 foot lot. These homes stretch out on longer, wider lots that luxury buyers love, as the extra footage allows larger, more gracious rooms inside the home.
The $7 million stand-out in November’s sales has a number of notable features (see full details below), is in a prime location in Chicago’s Gold Coast and was on an extra-large lot. The extra lot space makes room for a two-car garage, which is a rare find for a home in the Gold Coast—many residences here are lucky to find a home with any parking available at all.
Here’s a more detailed look at the luxury Chicago real estate that sold last month, in descending order:
1336 N State Pkwy
Original list price: $7.85 million
Sold price: $7.125 million
Listed as “the most wonderful house on the market,” this Gold Coast showstopper lives up to that claim. The 5-bedroom home went through a complete renovation with no expense spared, creating a home that is elegant, light and ready for modern living. Features include wide hallways, tall ceilings, historically significant architecture, an elevator and a huge kitchen/family room space. A garden room plus three terraces and a garden make the outdoor space as desirable as the interior; an attached two-car garage is also a major bonus, since most Gold Coast homes are attached and/or too narrow to include garage space. And as I mentioned, the extra-wide lot (25 feet x 130 feet) is something buyers are quick to jump on in the luxury market.
1509 W Atlgeld St
Original list price: $3,149,000
Sold price: $2,937,500
This Lincoln Park home is also on an extra-wide lot, which provides enough space for a 33-foot, integrated, landscaped side yard. The outdoor space also includes a 900 square-foot deck, plus a 3-car attached garage with plenty of storage. Inside, you’ll find stunning millwork with mahogany floors, doors and mouldings throughout. The four-story home includes 4 bedrooms with ensuite baths, plus an amazing lower level with 12-foot ceilings.
1744 W Cortland St
Original list price: $2,999,900
Sold price: $2.9 million
There may have been a competition for best home on the market last month—the Bucktown beauty was listed as the best in it’s neighborhood. A custom-built home on a double lot, the home was designed my Nicholas Clark and won a ALA Gold Medal Design Award in 2010. Inside is a perfect floor plan with amazing finishes throughout, high-end technology and home automation, plus a wine cellar and theater room. Outside the home there’s an outdoor pool with a fountain and spa and a NanaWall to integrate the indoor and outdoor space.
1917 N Honore St
Original list price: $2.4 million
Sold price: $2,720,660
Another extra-wide home, this new construction property is set for a late-spring delivery, but this buyer was sure to secure it in plenty of time for move-in. With 4 bedrooms, 3 baths and more than 5,400 square feet, other features include a 3.5-car heated garage, a 900 square foot backyard, radiant-heated lower level and sidewalks, plus custom cabinetry, natural stone baths and a roof deck with panoramic views. This home was also found in Bucktown, where it’s pretty unusual to find a home sale for more than $2 million.
3828 N Lakewood Ave
Original list price: $2,25 million
Sold price: $2.1 million
Another brand-new home in the Southport Corridor, this all-brick home is in the Blaine School District (one of the city’s best). The home boasts 5 bedrooms, 5 full baths, 2 powder rooms, an incredible custom kitchen with butler’s pantry, 2 wine refrigerators and SubZero, Wolf and Miele appliances. Additional features include wide plank walnut floors, oversized crown wainscoting, a home automation system and 3 amazing outdoor spaces: a roof, garage deck and walk-out patio.
It’s a good idea to keep an eye on Chicago luxury real estate sales during this time of year. It’s especially interesting to see that sales really kept a momentum in November, and I’m eager to see what this month brings as well. It could be a great time for buyers and sellers alike to make a move in the market.
For more information on this month’s sales or to see what’s on the market now, contact me at (312) 498-5080 or email me at [email protected]