Luxury Gold Coast Condo Leads Chicago Sales in August

August was a pricey month for Chicago luxury condo sales, making it a bit of an anomaly. The August market is typically not as strong, with many people on vacation and the weather not always being the most agreeable for shopping for a new home.

Last month’s most expensive sale is located in a prestigious Gold Coast building, selling for just under $7 million. I’ve longed discussed how buyers are always looking for ample square footage when it comes to condo shopping, but this buyer got a generous amount of outdoor space too—a rarity for such a coveted location in the city. That’s a perk that many hope to find but never do, so it’s a feature that really differentiates that Chicago condo from others in the market.

If you’re in the market for a Chicago condo, I definitely recommend taking a look at last month’s sales details to get a feel for what has sold, with what amenities, at what price. If you’re just starting out, I’d also highly recommend checking out the Top 15 Chicago luxury condo buildings in Chicago for an overview of the top properties I recommend to my clients. Each of these buildings are packed with luxury and amenities and have their own special set of features to offer, so it’s a great overview to help you start your search.

With that, here’s a closer look at the luxury condos that sold last month in Chicago, in descending order:

1300 N State Pkwy Chicago1300 N State Pkwy, Unit 1201
Original list price: $7.9 million
Sold price: $6.9 million
This is an absolutely exquisite duplex in a very prestigious building: The Ambassador, located in the heart of the Gold Coast. The home boasts 6,800 square feet of interior living space, plus an unparalleled 1,400 square foot private terrace. No luxury or amenity is spared in this opulent residence, which features sweeping views, custom fittings, soaring ceilings and tasteful design throughout. Rooms include 3 large en suite bedrooms, 4.1 baths, family room, library, private dog run and DeGuilio kitchen with La Cornue range.

159EWalton159 E Walton St, Unit 33A
Original list price: $7.2 million
Sold price: $6.2 million
The Palmolive is not only one of the most iconic architectural buildings in Chicago, but it’s also highly sought after for condo living, with its perfect blend of historic appeal on the outside and ultimate luxury inside. This 5,200 square foot, full-floor penthouse was designed by Nate Berkus and showcases outstanding lake views from the 33rd floor. This unit offers whole house smart system for lighting, shades and music, plus a high-end kitchen with Wolf, SubZero and Miele appliances. The 3 bedrooms include a luxe master suite with spa bath and elegant dressing room, and the family room includes an ensuite bath so that the space could also serve as a fourth bedroom.

340 on the Park340 E Randolph St
Original list price: $4.5 million
Sold price: $4.138 million
This penthouse unit offers just over 4,000 square feet high on the 59th floor in downtown Chicago. High ceilings and panoramic views let you take in views of the city, and a large 11×31 covered terrace overlooks Millennium Park, Buckingham Fountain and the handsome skyline. Inside, additional features like contemporary finishes, maple hardwood floors, snaidero cabinets and electronic window treatments add to the luxurious appeal.

429ENWater429 E North Water St
Original list price: $3.7 million
Sold price: $3.1 million
This Streeterville condo offers stunning views of the river, park and lake from a whopping 5,300 square feet. The home offers an elevator to take you between four floors, among which you’ll find 5 bedrooms, 4 new baths, a large kitchen and a master suite that encompasses the entire second level. The third level features 3 bedrooms, a sitting room and private rooftop terrace. The building itself also offers a number of amenities, including a health club and doorman.

65 e monroe65 E Monroe
Original list price: $2.9 million
Sold price: $2.9 million
The Park Monroe is one of the best luxury condo buildings in downtown Chicago. This 3-bedroom unit spans 3,360 square feet, and takes advantage of the building’s incredible views since its perched high on the 48th floor. Residents here enjoy a 24-hour doorman, in-building parking, in-building retailers and coveted location within steps of Millennium and Grant Parks, the Chicago Cultural Center, Chicago Symphony and much more.

For more details on the Chicago luxury condos that sold last month, contact me at (312) 498-5080 or email me at

Chicago’s Lincoln Park Luxury Home Sales Exceptionally Strong

You know the saying: location is everything. And in August, that location was Lincoln Park when it came to dominating single-family luxury home sales. Of the top 10 most expensive home sales last month, half of them were in this much-loved neighborhood, and the lowest priced sale was over $2 million.

So what is it about Lincoln Park? For starters, this is a highly sought-after neighborhood for luxury buyers. There are a number of types of high-end properties here—penthouses, mansions, condos, are all options for the upscale buyer looking in Lincoln Park. And that’s not even the only way this neighborhood offers something for everyone. Lincoln Park is home to great schools, neighborhood shopping, amazing restaurants, plenty of outdoor and cultural activities. Plus, it’s just a quick jaunt into downtown.

So it’s no wonder that Lincoln Park took the cake for sales of luxury homes (which, here I define as those sold for $1 million and above) in August. In the same month, Chicago saw 14 single-family homes sell for more than $2 million and a total sales volume of $110 million.

If you’re shopping for a home (or even just exploring the idea), I highly recommend a review of last month’s home sales. Digging into the details of what sold for what price will give you an idea of what kind of property you can expect to get for your own budget in a particular neighborhood. Some—like Lincoln Park—are highly coveted communities that come with a price tag to show for it.

With that, let’s take a closer look at the top five single-family luxury homes in Chicago that sold in August:

kingsbury729 N Kingsbury St
Original list price:
$4.699 million
Sold price: $4.689 million
It’s no surprise why this exquisite home was the most expensive Chicago luxury home sale in August. The 11,000 square foot property spans six levels (elevator included), with 5 bedrooms, 10 baths, a state-of-the-art movie theater, custom bar area, and a master suite that expands an entire floor. Other details include magnificent finishes, huge skylights and audio, video and security technology throughout. The sellers put millions of dollars into this home to upgrade it, including $500,000 alone for the incredible movie theater.

hawthorne558 W Hawthorne Pl
Original list price:
$4.15 million
Sold price: $4.15 million
This Lincoln Park home sold before the listing sheet made it off of the printer. The oversized lot (50 x 187 feet) makes plenty of room for 5 bedrooms, 4.2 baths and tremendous yard space. Hawthorne is a historic block on its own, and this 1939 home has retained many of those wonderful vintage details, like a grand foyer and staircase, expansive formal rooms and even an indoor lap pool.

dayton2120 N Dayton St
Original list price:
$3.495 million
Sold price: $3.45 million
Chicago new construction is quick to move on the market, as many buyers want to get as close to a new property as possible. This incredible 5,200 square foot home includes a number of interior features, such as a huge kitchen island, Butler’s pantry and banquette seating; a great room with fireplace, luxurious master suite, top-floor penthouse room, two roofdecks and a guest suite.

cleveland2333 N Cleveland Ave
Original list price:
$2.995 million
Sold price: $2.872 million
This majorly oversized lot (40 x 194.5 compared to the standard 25 x 125) allows for more than 6,500 square feet, 6 bedrooms and 5.2 baths in Lincoln Park. The interior features a master suite, family room and library on the second floor; bedrooms and baths on the 3rd floor; and an extra 2,100+ square feet in a partially finished lower level. Outdoors, you’ll find a grand front porch, huge front and back yards, and a deck over the 3-car garage (which includes a lift for a 4th car). It’s also within walking distance of two sought-after Chicago schools, Lincoln School and Francis Parker.

erie214 W Erie
Original list price:
$2.8 million
Sold price: $2.73 million
This River North home is full of possibilities. It’s zoned for residential and commercial, with 7,000 square feet in a great downtown location. This iconic building (known as the Flair House) was built in 1883 and features a spiral staircase that stretches four stories high, a large bar area, stained glass and a rooftop deck that boasts views of Willis Tower and the Hancock Building.

It will be interesting to watch the Chicago luxury real estate market as we head into fall after a healthy summer of sales. If you’re a potential buyer, contact me to set up a customized search to stay on top of new listings as soon as they hit the market. Just reviewing what’s going up for sale will help you get a feel for what you’ll be looking for when it’s time to commence your own search. Contact me at (312) 498-5080 or email me at

Search Chicago Luxury Condos with More than 3,000 Square Feet

Whether moving from a house to an amenity-full condo building or swapping the suburbs for the city, there are plenty of reasons my clients find themselves in the market for a Chicago luxury condo.

And with a condo search almost always comes this requirement: plenty of space. Even if they are downsizing, I find that clients searching for a high-end condo want the square footage to go with it. The magic number is usually 3,000 square feet, which can be found in a number of Chicago condo buildings like Trump Tower, Lincoln Park 2550 and a number of co-op buildings along the prestigious Lake Shore Drive (plus many others).

That’s why I’ve created a new search on my website specifically for Chicago condos that meet the 3,000 square foot requirement many of my clients have. Each of the for-sale condos listed here have that minimum square footage, and you can search by budget range as well.

Search Chicago condos with more than 3,000 square feet

Even if you aren’t immediately in the market for a new home, it’s a great way to see the size-to-price relationship for luxury properties and use that when determining your own budget or space needs. And if you are currently in the market for Chicago real estate, this is a great place to start and avoid sifting through properties that don’t meet your square footage requirements.

You can also save your search to ensure you’ll receive updated listings right to your inbox.

Check out the new search right here, and be sure to contact me for more information at (312) 498-5080 or email me at

Differentiate Your Chicago Luxury Home with a Bathroom Spa

In today’s real estate market, most luxury buyers are looking for a turnkey property—that is, the only work needing to be done before move in is turning the key. My clients are generally looking for a home that doesn’t require significant work, but also one that differentiates itself from other homes in the market.

If you’re considering selling your home or even thinking about your home’s resale value, I encourage you to take a look at various home trends to get a feel for what is important to buyers. Ensuring that your home has a “wow” feature will help it stand out on the market as buyers shop and compare one home to another. Features like these are what help a property sell quickly, particularly in the luxury market.

One trend that’s currently luring in high-end buyers? An upscale master bath that rivals a luxe spa.

The modern-day WC is no longer simply a functional space, but a relaxing place to retreat at the end of the day. It’s not just about upgraded finishes and additional square footage. Today’s luxury bath means a number of bells and whistles that turn utility into tranquility, right in your own home.

Kohler, whose showroom you can find inside Chicago’s Merchandise Mart, offers a number of innovative products that take bathroom design to the next level, including:

via Kohler

via Kohler

A step up from the traditional whirlpool tub, the BubbleMassage Tub surrounds the bather in tiny bubbles that can be zoned and intensified to specific areas of the body. An optional chromatherapy feature radiates a soothing color palette into the water.

Kohler's Moxie Showerhead fits a wireless speaker to add a sound to your shower.

Kohler’s Moxie Showerhead fits a wireless speaker to add a sound to your shower.

Shower accouterments like shower heads and body sprays get the ultimate tech upgrades with a digital showering system that integrates water, steam, sound and light with touch-screen controls.


Left: Kohler’s Numi Toilet; Right: Kohler’s Veil Toilet

Kohler’s Numi Toilet features a sleek white-box exterior, with a touch-screen remote, hands-free opening and closing, bidet functionality, built-in speakers, heated seat and more. Or if you’re more focused on aesthetics, the Veil Toilet is mounted to the wall for a clean, modern look.

A bath remodel can really run the gamut in price–anywhere from a few thousand dollars to well into the hundreds of thousands, depending on the level of luxury you’re going for. But focusing on an area like this that is important to buyers could have a big payoff when it’s time to sell your home.

Houzz has a list of great things to think about if you’re considering your own bath remodel. Even if you have no immediate plans to buy or sell, it’s important for home owners to know what the most-desired features are among luxury buyers. That way, if you’re wanting to undertake a home project, you can consider what room or space or upgrade might be the best investment for your property—not to mention enjoying yourself along the way.

For more on today’s trends in luxury real estate in Chicago or to learn more about what buyers are searching for, contact me at (312) 498-5080 or email me at

July Was a Sizzling Month for Chicago Home Sales

Spring is typically when we see the real estate market in Chicago come on strong. When we arrive at July and August, typically the market slows down considerably, but this July was certainly not the case.

Sales for luxury single-family homes in Chicago were just outstanding in July. There were 81 luxury homes sold—those sold for more than $1 million—and a whopping 17 of those were over the $2 million mark. Total sales volume for the month was $136 million.

So where was all of the action happening? Lincoln Park was certainly at the center of this sales surge. More than half of those top 17 $2+ million sales were in Lincoln Park, including the most expensive sale of the month. Another common denominator among the top sales is lot size. Wider lots are what luxury buyers are looking for, and a home on a larger lot than the standard 25 feet x 125 feet definitely differentiates itself from the rest.

To see photos and details of the homes that sold last month, just contact me with your name and email address, and I will be happy to send you each and every one. That way, you can get an idea of what you might be looking for when you buy a Chicago luxury home.

Here are the details on the top five luxury single-family homes that sold in Chicago last month, in descending order:

2224daytonst2224 N Dayton St
Original list price: $3.565 million
Sold price: $4.75million
This stately 6-bedroom home sits on a 35-foot-wide lot, which allows it to have 5,900 square feet of living space. It’s also on one of Lincoln Park’s—if not the city of Chicago’s—prettiest blocks. The home features a vintage façade, with a fully renovated interior that retained classic features inside like antique mantles, leaded glass and moldings. The luxe master suite includes a stunning bath and custom closets. A penthouse study features a vaulted ceiling, wet bar, and a large deck with skyline views. Other stunning features include a rec/media room, exercise room, an exquisite garden/side yard and two laundry rooms.

1733NorthPark1733 N North Park Ave
Original list price: $3.95 million
Sold price: $3.6 million
Another extra-wide (31 ½ feet) in Old Town, this 5-bedroom, 5,900 square foot home features remarkable details and craftsmanship. This historic home recently underwent a complete gut rehab to feature a luxe master suite with steam shower, 4 additional bedrooms each with a private bath, separate living room, dining room and library, four fireplaces, a wine cellar, and a landscaped yard with putting green and a spectacular roof deck above a 3-car garage.

1825NCleveland1825 N Cleveland Ave
Original list price: $3.9 million
Sold price: $3.28 million
Having undergone a number of recent upgrades, this spectacular East Lincoln Park home was completely move-in ready for this buyer. With 5 bedrooms and 6,200 square feet, this home features gorgeous finishes and millwork throughout. There is also an attached garage, mud room, 2-story patio, 4,800-bottle walk-in wine room with tasting area, and a number of other upgrades.

1753WWabansia1753 W Wabansia Ave
Original list price: $3.295 million
Sold price: $3.15 million
This brand-new Chicago luxury home was just completed on a 48-foot wide lot in Bucktown. Designed in a transitional style, the home features rich hardwood flooring, impressive millwork, a huge custom kitchen, a private first-floor study, sauna, wine cellar, over 1,000 square feet of yard space and 3,000 square feet of deck space.

3624NJanssen3624 N Janssen Ave
Original list price: $3.495 million
Sold price: $3.1 million
Another new construction home. Another extra-wide lot. This Southport home has everything Chicago luxury buyers are looking for, with 7 bedrooms, 7,200 square feet and a bevy of features: media room, professional-grade kitchen, massive family room, yard and deck above huge 3-car garage, spa-caliber baths, an incredible master suite and much more.

As I mentioned before, don’t hesitate to contact me to learn more about the other homes that were sold last month or to see additional details about these top 5. It’s a great list for potential buyers to review and understand what’s going on in the market. For more information, contact me at (312) 498-5080 or email me at

Chicago July Luxury Condo Sales Are Terrific

The summer continues to soar in the Chicago luxury condo market. In July, there were 50 sales of luxury condominiums—those sold for $1 million or higher—for a total of $83 million in sales volume. Of those 50 sales, 10 of them were sold for more than $2 million, showing that the “ultra-luxury” market is alive and well.

If you’re searching for a Chicago luxury condo, looking at the prior month’s sales is a great place to start. I can send you the top 25 properties via email  that sold last month, along with photos and details, to give you a bird’s eye view of condos that are selling and let you compare square footage and price to your own budget. Just email me with your name and email address and I will send that to you right away.

Staying in the loop of recent Chicago real estate sales will only work in your favor as a future buyer. You’ll have an idea of property values and available amenities and be able to use that to construct your own real estate wish list and evaluate properties during your search.

With that, here’s a detailed look at the top five Chicago luxury condos that sold last month, in descending order:

209 E Lake Shore Dr209 E Lake Shore Dr., Unit 7E
Original list price: $4.995 million
Sold price: $4.5 million
The most expensive sale last month was this 5,900-square foot co-op on the coveted Lake Shore Drive. Renovated by top Chicago architecture and design firm Marvin Herman & Associates, this 3-bedroom unit is thoughtful and meticulous down to every detail. A stately living room and dining room share a paneled library and views of the lake and city below. Other stunning rooms include a custom kitchen and breakfast room, a master suite with attached sitting room, his and her baths and dressing rooms; and an Italian walnut paneled media room.

Palmolive Building in Chicago159 E Walton Pl., Unit 19A
Original list price: $4.9 million
Sold price: $4.4 million
One of the most iconic condo buildings in Chicago: The Palmolive. This spectacular 3 bedroom spans a whopping 4,700 square feet on the 19th floor, with unobstructed views of Lake Michigan and Michigan Avenue to boot. Inside, you’ll find exquisite attention to detail, from the hardwood floors to the custom office to the eat-in area that overlooks the lake. Other features include a gracious formal dining room, spacious kitchen with top-of-the-line appliances, a grand master suite with sitting room, luxe bath and whirlpool tub and 2 parking spots.

The Elysian Residences11 E Walton St., Unit 3001
Original list price: $3.75 million
List price: $3.75 million
This 4,000 square foot 3-bedroom in the Waldorf Astoria is perfect for both everyday living and formal entertaining. The grandly scaled living room offers panoramic views and opens up into a dining room and terrace. The master suite includes walk-in closet, an office/study and another private terrace. Residents of the Waldorf Astoria can also enjoy the 5-star amenities and services from the adjacent Waldorf Astoria Hotel.

lp-25502550 N Lakeview Ave, Unit S32-02
Original list price: $3.499 million
Sold price: $3.1 million
This building is certainly no stranger to our tops sales lists each month. It’s been one of the most popular addresses among luxury buyers seeking new construction in Chicago, as 2550 Lincoln Park is one of the newer projects in the city. This 32nd-floor 3-bedroom features spectacular lake, city and park views, plus 2 covered terraces, a fantastic floor plan, large gourmet chef’s kitchen and a luxurious master suite. Other details include 10.9-foot ceilings, crown moldings and millwork and a number of high-end finishes and appliances.

445445 E North Water St, Unit 2205
Original list price: $3.195 million
Sold price: $2.730 million
The owner of this 3,983 square foot condominium spent $1 million in upgrades on this stunning, custom 3-bedroom unity with exquisite detail and workmanship. High on the 22nd floor, the unit boasts 180-degree north, south and east views of the river, lake and city. Features include two balconies, a study, separate laundry room, lavish master suite with walk-in closet and a spectacular chef’s kitchen. The full-amenity building offers a 24-hour door person, indoor pool, sundeck and exercise facilities.

This is just a sample of the recent top sales to provide a high-level look at the current market. For more details on any of these properties or to see what is on the market now, contact me at (312) 498-5080 or email me at

Another Gang Buster Month for Chicago Luxury Home Sales in June

June was good to the Chicago luxury real estate market. A total of 64 luxury homes (those sold for $1 million or higher) were sold, totaling $105 million. And these homes were certainly on the higher end—13 of them were over $2 million, and the most expensive sale of the month went for $3.9 million.

There was a clear common denominator among the top homes sold: not a single one was on a standard lot. The standard size lot for a single-family home in Chicago is 25 feet x 125 feet, but many luxury homes are lucky enough to be built on a lot that is extra wide or extra deep (sometimes even both!). The extra space translates to extra square footage for the home, a more open floor plan or more expansive outdoor space. Luxury buyers are on to this trend, and I’ve had a number of clients indicate that they were searching for a home on an extra-wide lot to reap some of those benefits.

Along with plenty of space, the homes sold in June feature everything from envious outdoor space to views to impeccable details. Here’s a closer look at the characteristics of the top five sales, starting with the most expensive:

843 W Webster843 W Webster Ave
Original list price:
$4.5 million
Sold price: $3.895 million
This stunning estate in Lincoln Park sits on a double lot (48 x 125 ft) with a full limestone facade. Inside, you’ll find 6,785 square feet, including a second-level living room that stretches a whopping 42 feet wide with a large wall of windows. Throughout the home are high ceilings, northern and southern exposures and tall windows, bringing in plenty of natural light for an airy atmosphere. On the third level is a master suite with three additional bedrooms, while the first level is home to an “acoustically perfect” music room, rec room, media room or private office. The outside features a Zen garden in the front and back, and the back facade includes 3 terraces. Note, the buyer of this new Chicago home paid cash for this purchase.

1874 N Burling St1874 N Burling St
Original list price:
$3.95 million
Sold price: $3.75 million
This custom-built home sits on an extra-wide lot which affords it 7,500 square feet of interior living space. Burling is one of the most desirable streets in the city, lined with beautiful McMansions in one of Chicago’s most covetable neighborhoods, Lincoln Park. This 5-bedroom home boasts an off-the-charts level of finish, with an incredible elliptical staircase and elevator that stops on all 4 stories, including the penthouse that includes an expansive roof deck with incredible views. The chef’s kitchen includes top-of-the-line appliances while a full-floor master suite includes a spa-like bath and office.

1239 N Wood St1239 N Wood St
Original list price:
$3.5 million
Sold price: $3.1 million
Many single-family luxury homes sit on an extra-wide or extra-deep lot. But then, there’s this home, which sits on an incredible six lots, translating to over 22,000 square feet of living space. On 3 of those lots is a private garden oasis with a pond, stream terrace, walking paths and customer lighting. The interior features 3 bedrooms, 5.1 baths, a huge private gallery and a ton of open space. The second floor boasts a mahogany library, bar, offices and two large bedrooms. And on the third floor, you’ll find the master bedroom and bath, a living room/kitchen combo and a massive 58 x 56 foot ballroom.

1111 W Wolfram St1111 W Wolfram St
Original list price:
$2.9 million
Sold price: $2.7 million
Built on a 40 x 125 foot lot with a 3-car garage, this Lincoln Park home features a harmonious floor plan between the formal living room and dining room, kitchen, great room with wood-burning fireplace and much more. The huge kitchen is a chef’s dream: 3 ovens, 2 dishwashers, a 6-burner stove, full refrigerator and freezer and breakfast area. High ceilings and beautiful crown molding are found throughout.

1942 N Cleveland Ave1942 N Cleveland Ave
Original list price:
$2.695 million
Sold price: $2.55 million
This single-family Lincoln Park home spared no expense when it was built just 2 years ago. On a 25 x 127 foot lot with 5 bedrooms and 5.1 baths, this home pays unparalleled attention to every detail, from the high ceilings to the custom staircase, large open rooms, wine cellar designer Calcutta baths and more. Exterior space includes a large deck over a 2.5-car attached garage, plus a full roof top deck. It’s also in the Lincoln Park school district, a feature high on buyers’ lists so they can send their children to some of the area’s top-rated neighborhood schools.

I recommend my clients who are in the process of finding a Chicago home to review the previous month’s sales. This will give them an idea of what comparable properties are selling for and help them determine what to look for in their own search.

For more information on last month’s sales of luxury real estate in Chicago, call me at (312) 498-5080 or email me at

The Right Tools for Your Chicago Real Estate Search

Embarking on a real estate search can be overwhelming. There are a number of decisions to be made upfront, followed by dozens more along the way.  But getting started doesn’t have to be complicated, and having the right resources at hand can even make sure it’s as enjoyable as it is informative.

Step one for any buyer is to consider what type of home you’re looking for–a condo or a single-family home? Number of bedrooms? Particular features and amenities? Compile a working list so you know what your wants and needs are. Next you’ll want to zero in on the right location you’re interested in, then bring it all together to find the just-right home for you. Of course, this is a task made much easier with the right resources.

Here are three important tools for your arsenal that will help get you started on buying real estate in Chicago:

A neighborhood guide: If you’re already in Chicago, you might be familiar with the various corners of the city. But if you’re moving from the suburbs, another state or even another country, it can be difficult to navigate Lincoln Park from Lakeview or Streeterville from River North. Dream Town offers an extensive neighborhood map with an easy breakdown of neighborhood boundaries. Being able to zero in on a location you like is the first step before learning more about everything an area has to offer, from transportation to schools and more. I would be happy to send you a map so you can check it out for yourself and do some exploring of the various areas of Chicago. Just contact me and I’ll be happy to send you one in the mail.

An extensive search: We all know that most real estate searches today begin online. That’s why Dream Town offers the most comprehensive search of real estate in Chicago, with more than 100,000 up-to-date listings. This powerful search makes it easier and faster to narrow in on the just-right property for you–and you can find it right on this blog (to your right if you’re on a computer, and at the bottom of the homepage if you’re on a mobile device). Once you’ve gotten familiar and narrowed down a few neighborhoods to start you search in, you can use this search to begin with the basics—property type, price, bedrooms/bathrooms and neighborhood. From there, you can uncover all of what’s available now and register to receive up-to-date listings right in your inbox. You’ll find interior photos, virtual tours and video clips that you can check out right from your computer, and then schedule a visit to see the ones you’re most interested in.

An experienced broker: Once you’re ready to take the next step to making a home purchase, you’ll want the right broker to help you do it. It’s important that you partner with a real estate agent with experience in your type of home purchase, whether it be new construction, luxury condos, a co-op building, etc. To learn more about my real estate expertise, check out my bio for a list of buildings I’ve helped clients purchase a home in, plus a bit about my history in this wonderful city. I’ve worked with clients buying property in the most prestigious buildings in the city, on the most enviable blocks and have worked with everything from new construction to multi-million dollar deals.

For more information on starting your search for luxury real estate in Chicago, contact me at (312) 498-5080 or email me at

June Report: 48 Chicago Luxury Condo Sales Totaled $85 Million

Summer so far has been good to the Chicago condo market, and June was another great example of that. In June, 48 luxury condos (those over $1 million) sold for a sales volume of $48 million. And what set the upper end of those sales in motion was without a doubt the amazing amount of square footage found in each of these homes.

The space ranges from just shy of 4,000 square feet all the way up to 5,700 square feet for the most expensive property. That unit was a co-op, and according to the listing sheet, the assessments of $6,016 doesn’t even include taxes for the apartment. So a high-end Chicago condo like this certainly comes with a luxury price tag.

Become Familiar with Chicago Real Estate Sales

If you’re considering purchasing a luxury Chicago condo or home soon, I encourage you to get familiar with recent sales in a particular area you’re looking for. Especially if you’re looking for a specific amount of space, it’s important to understand what the cost of a square foot might be in a certain neighborhood, in a particular building or in a type of property similar to what you’ll be looking for.

Here are the top 5 most expensive Chicago condos to sell in June, starting with the most expensive sale of the month:

209 E Lake Shore Dr209 E Lake Shore Dr, Unit 11-E
Original list price: $7.9 million
Sold price: $7.4 million
Billed as “one of the most beautiful and elegant apartments in all of Chicago,” this 3 bedroom, 3.2 bath has had all 5,700 of its square feet renovated to take the 1920 unit into 2015. Along with a prestigious Lake Shore Drive address, this co-op unit boasts fabulous lake views and a custom floor plan. It’s important to note that this property—the most expensive to sell last month!—was purchased with all cash.

lp-25502550 N Lakeview Ave, Unit C8-13
Original list price: $3.999 million
Sold price: $3.999 million
Lincoln Park 2550 is celebrating five years of being one of Chicago’s most sought-after luxury properties. In fact, this is still my favorite building in Chicago and I recommend all of my clients searching for a Chicago condo check this building out, as it really sets a benchmark for luxury. The building is noted for its exquisite lobby, private park, top-of-the-line amenities (including an indoor pool and fitness center) and much more. This 3-bedroom, 3 ½ bath unit total 3,965 square feet of interior space, plus a 758 square foot terrace that showcases southeast lake, park and city views. A fully appointed cook’s kitchen includes a large granite breakfast bar, Italian cabinetry and Subzero, Wolf and Miele appliances. The gracious living room and dining space features oak floors and floor-to-ceiling windows while a large master suite includes a walk-in closet and marble spa bath.

lp-25502550 N Lakeview Ave, Unit C8-12
Original list price: $4.854 million
Sold price: $3.795 million
This unit is identical to C8-13 above, so at least two lucky buyers last month were able to become residents of this exquisite building. Also with 3 bedrooms, 3.5 baths and 3,965 square feet and the full suite of services and amenities, it’s easy to see why this unit and building are among the most sought-after in Chicago.

1100 n lake shore1100 N Lake Shore Dr, Unit 40B
Original list price: $4.299 million
Sold price: $3.2 million
Spanning a whopping 8,000 square feet, this triplex is a one-of-a-kind, “true” penthouse on one of Chicago’s most prestigious streets. The unit is perched high atop the 40th floor, allowing for magnificent lake and city views from the full private floor and its rooftop deck. Four bedrooms and 5 ½ baths make this unit ideal for family use and entertaining, along with 4 wet bars, a huge living/dining room off of the kitchen and media room. Additional details throughout include polished porcelain floors, Rosewood walls, custom tile and millwork, a top-floor solarium with eating and seating area.

130 n garland130 N Garland Ct, Unit 5603
Original list price: $3.299 million
Sold price: $3.06 million
A custom-designed, custom-decorated penthouse unit, this Chicago condo boasts wraparound views to the east, south and west. Three bedrooms and three full baths fill out a generous 4,400 square feet with a large open kitchen and family room. Other features include marble and hardwood floors, electric blinds, high-end finishes and much more.

If you’ve considered a Chicago condo purchase, but are concerned abut sacrificing space, last month’s sales illustrate that there’s no need to have one without the other. Luxury condos in the city comes with all of the square footage you need, with the added bonus of services and amenities for easy, modern living.

For more information on last month’s real estate sales in Chicago or to see what’s on the market now, contact me at (312) 498-5080 or email me at

Buy Chicago Real Estate with a Super Jumbo Loan

As we see month to month in the sales report for Chicago real estate, there are luxury properties, and there are ultra luxury properties. So it’s no surprise that there is a mortgage loan that takes luxury to the next level as well.

Meet the super jumbo. The term refers to home loan financing in, well, super jumbo amounts—usually at least $2 million but reaching all the way up to $20 million or higher.

Even though these loan amounts are larger than large (and therefore carry a larger risk), many lenders are seeing super jumbo financing as a sweet spot for their wealthy clientele. The Wall St. Journal recently reported that financing loans of this size have gotten significantly easier in the least year.

The big difference between financing a super jumbo loan and a conventional or jumbo loan is that borrowers carry a high net worth, and are choosing—not needing—to borrow the money to purchase a home. Qualified buyers can generally find financing of this size at big banks where they are typically already customers, but some smaller, local lenders may be willing to work with their best customers as well.

But if you’ve got the cash, why borrow? With interest rates as low as they are, borrowers may very well find that their cash will earn a higher yield invested elsewhere. The super jumbo loan allows a buyer to keep their investments where they please and simply make a monthly mortgage payment.

If you’re considering purchasing a luxury Chicago real estate and think a super jumbo loan might be the answer, here are a few things to consider:

Credit still counts. Borrowers still must prove excellent credit—a minimum 740 credit score. Just having the cash but not the reputation to back it up won’t cut it.

There may be stricter underwriting. A super jumbo borrower may need to put down a larger down payment or show more cash reserves than a traditional borrower would. One reason could simply be inventory: with properties moving quickly and not as many luxury homes as there are luxury buyers, buyers may end up paying more for a home than it is appraised for.

Guidelines may vary. Some banks have super jumbo loan requirements that live under a certain amount-borrowed threshold; others may determine the rules and regulations on a case-by-case basis.

Consider both a fixed and an adjustable-rate mortgage. As the amount of a jumbo or super jumbo mortgage goes up, many borrowers are more attracted to an adjustable-rate mortgage, as many only hold a mortgage for 3 to 5 years. But high-net-worth borrowers might consider the old-fashioned 30-year, fixed-rate loan to lock in today’s unbeatable rates.

Other assets may count. Some banks might allow borrowers to pledge a portion of their stock portfolio if cash reserves aren’t an option. This works similar to a margin loan: if the market declines and the borrow doesn’t have cash to make the mortgage payments, the lender may sell those assets.

If you’re looking at a super jumbo loan, Chicago’s super jumbo homes certainly make a case for their ultra-luxury price tag. Mansion-esque square footage, sprawling outdoor space, seemingly limitless amenities and luxury features down to every detail. To learn more about high-end properties on the market now, contact me at (312) 498-5080 or email me at