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 ssalnick@dreamtown.com.

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