Chicago Luxury Home Sales Focused on Ultra-Luxury in July

High-end real estate in Chicago kept pace with the weather in July: hot, hot, hot. Luxury-single family homes saw an incredibly strong month of sales, particularly on the very high end.

Twelve of the $1 million-plus sales of single family homes were actually in the $2 million-plus range. And six of them were in the ultra-ultra luxury range, topping $3 million. The highest price home sale for the month clocked in at more than $4 million. All in all, it is a rarity to see these kind of sales during a summer month, but luxury buyers are proving to be “in market” no matter what the time of year.

Hot Features for Chicago Luxury Real Estate

Of course, these homes that sold at high prices certainly have plenty to offer, especially as it relates to today’s buyer’s wish lists. I find that most luxury buyers have a few features on their must-have lists for a new home:

A large lot: As in, larger than the standard 25 x 125 feet. Extra-wide or extra-wide lots allow for more space, open floor plans or outdoor areas that can be tough to find in the city.
Large rooms: Today’s luxury buyer wants a master suite that will make a high-end hotel envious. Spa-like baths, ample square footage and “wow” closet space are just a few things that take a master bedroom over the top.
High ceilings: A minimum of 10 feet.
Elevator: for 3- and 4-level homes, an elevator that makes for easy access to all floors in definitely a luxury feature, and I’m seeing more and more of it in new construction properties in particular.

These features not only add the comfort and characteristics to a home that a luxury buyer wants, but also add an air of sophistication and elegance.

Chicago’s Top Luxury Home Sales in July

It’s no surprise then that the month’s top five sales offer these features and much more. Here’s a detailed look at the most expensive single-family homes that sold in July, in descending order:

28132CA3-B8B9-4771-8932-99D2095E83F1-3241-0000056C14587E7E1734 N Mohawk St
Original list price:
$4.5 million
Sold price: $4.15 million
Even though this home was on a slightly smaller-than-standard lot, it had an additional feature that buyers love: It’s brand new. Located in East Lincoln Park, this 6,800 square foot property was meticulously designed, paying homage to the turn-of-the-century Chicago home. It boasts a few unusual features as well: 7 bedrooms and 6.3 baths (a high number for a home this size) and a breezeway. The breezeway is an architectural features that allows for direct access to t he garage, and it is difficult to find in a Chicago home as it is difficult for a developer to create. The home’s elevator leads to all floors, including the penthouse with roof-top deck and skyline views. Luxury finishes, exquisite detailing and more make this home no surprise that it took the top spot in July.

CFCC999C-1B49-4D09-AD64-F54001C5CA55-3241-0000056C347F82F323 E Scott St
Original list price:
$3.34 million
Sold price: $3.2 million
No detail was overlooked in this beautiful home on an extra-long lot, designed by Nate Berkus’ right-hand woman who transformed it into a property with unparalleled style. The entry level features classic, original black and white marbled stone. A brand-new kitchen brings in amazing light through south-facing, floor-to-ceiling windows. An elevator or Adler-sequence staircase takes you between floors, where on the third level you’re find two ensuite bedrooms and a library that could be made into an additional bedroom. A concealed bar at the staircase landing has a beverage refrigerator and coffee bar. The entire top level is devoted to a luxe master suite, with two closet “rooms” and a bath with heated marble floors, dual sink, soaking tub and separate shower.

3C8C0054-371D-400B-ABA1-BCD54CDD2463-3241-0000056C56E58AA32139 N Seminary Ave
Original list price:
$3.5 million
Sold price: $3.43 million
A brand-new home by a top Lincoln Park developer, this brick and limestone home has plenty of space in its open floor plan. High ceilings, a combination living/dining room, powder room and chef’s kitchen span the first level. The adjoining family room with fireplace and built-ins opens out to rear patio with wood-burning fireplace and deck over garage. The master suite spans the rear of the home with a spa bath, dual vanities, spacious steam shower, separate tub and walk-in closet. And the lower level features a rec room with built-in bookcases, laundry room, full bath, climate controlled wine cellar, wet bar and two additional bedrooms.

E424C50A-06B4-442F-92CC-2FB4F37C2633-3241-0000056C830995462248 N Orchard St
Original list price:
$3.89 million
Sold price: $3.465 million
This 8,500-square foot home on an extra-wide lot is just steps from Oz Park, with four levels of superior quality. The main level boasts a grand. Living space with 11-foot ceilings, classic architectural details and two wood-burning fireplaces. The eat-in kitchen includes Woodmode cabinets, top-quality appliances and butler’s pantry; and the family room opens up to a two-tiered terrace with marble baths, rec room, home theater, dual laundry and huge roof deck with skyline views. This award-winning home is located on a quiet residential block in Lincoln Elementary School District, near restaurants and public transportation.

B891F6CD-5D7D-4A94-81E5-41858A1FC35B-3241-0000056CB1484CBD643 W Arlington Place
Original list price:
$4.495 million
Sold price: $3.825 million
An extra wide (50 feet!) and extra long (175 feet!) lot size allows for a whopping 8,500 square feet inside this architectural masterpiece by Wheeler-Kearns. Located in East Lincoln Park, this home is contemporary, light-filled and boasts a dramatic design in its six bedrooms, 5.1 baths and renovated studio apartment. Other jaw-dropping features include and indoor, heated lap pool, hot tub and an incredible spa pool house. The loft-like two-story family room and breakfast room feature a wall of glass that faces the large landscaped backyard. This home is ideal for family living and entertaining, with a brand-new chef’s kitchen, huge lower level with playroom, full-floor master suite, three oversized bedrooms and a larger terrace on the third level.

For more information on the luxury single-family homes that sold in Chicago last month, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

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