Lincoln Park Takes The Number One Spot For Chicago Luxury Home Sales

Chicago is a city known for its neighborhoods, and there are certainly a few that stand out. One of those is Lincoln Park, which saw a lot of action in last month’s luxury home sales in Chicago.

Lincoln Park is a hub for high-end homes, with several well-known blocks that are renowned for the beautiful homes found on them. Orchard Street, for example, is considered one of the most prestigious streets in the city. It’s also home to last month’s most expensive home sale at $5.5 million. A drive down this block with quickly showcase its appeal—many of the homes sit on oversized lots, allowing for tons of space inside and out. This is not just a block for the wealthy, but the mega-wealthy—such as billionaire Chicagoan Penny Pritzker.

But sought-after streets aren’t the only thing drawing luxury buyers to Lincoln Park. The neighborhood is home to everything from top-rated schools (both public and private), bars and restaurants, theaters, parks and much more, all just a short distance from downtown Chicago. You’ll also find a variety of real estate in Lincoln Park, from luxury condos to single-family homes to townhomes.

Overall, sales of single-family homes in Chicago were strong in September, showing that buyers are certainly still in the market for ultra-luxury homes. The top 1- most expensive sales topped a $2 million price tag, and homes overall totaled $82.7 million for the entire month.

Let’s take a closer look at what drew buyers to the luxury Chicago homes that sold last month. Here are the top five sales, in descending order from the most expensive:

image1870 N Orchard St
Original list price: $5.5 million
Sold price: $5.5 million
This brand-new home was developed by Environs on the most prestigious block in Lincoln Park. Thoughtfully designed from top to bottom, this home features spectacular upgrades and state-of-the-art appointments, all on an extra-large, 28 foot by 131 foot lot. Gracious space indoors and out make it ideal for entertaining, especially on the penthouse roof deck that features panoramic views. The extra wide lot makes way for more than 7,200 square feet of living space, plus a rare, huge yard and attached garage. Also included is a true luxury for Chicagoans: heated front steps, driveway, garage and back patio. High-tech details like total home automation, upgraded security cameras, a 6-zone HVAC system, remote-controlled fireplaces and radiant-heat in every bathroom are some of the details that make this home truly special for a luxury buyer.

image456 W Huron St
Original list price: $4.6 million
Sold price: $4.3 million
This custom, San Francisco-style home offers a generous 10,000 square feet of living space in River North. The property is perfect for entertaining, thanks in part to 3 outdoor spaces, one of which is a landscaped roof deck. Inside, you’ll find a Titan Security system, elevator, Crestron System, Kaleidoscope TV, electric shades, 750-bottle wine cellar and more, with quality finishes throughout. The home’s covetable downtown location makes it easily accessible, being close to the highway and in a supremely walkable neighborhood.

image469 W Superior St
Original list price: $4.9 million
Sold price: $4 million
With a in-the-heart-of-everything location in River North, this Chicago home has much to offer—including a whopping 11,000 square feet of living space. Located on an extra-large 34 foot x 109 foot lot, this 5-bedroom home includes a master suite with his-and-her baths, a stainless steel and mahogany staircase, state-of-the-art AV control system, wine cellar, 2 lush terraces and a rooftop deck with city views. With an dramatic and sophisticated interior, this home was a fit for the most discriminating buyer.

image2026 W Wilson Ave
Original list price: $2.922 million
Sold price: $2.922 million
A new construction property in Lake View, this 4+ bedroom home was sold before the listing sheet was even printed. That quick turnaround can likely be attributed in part to the building’s huge lot—75 feet by 122 feet, making it oversized on both ends and allowing for a generous amount of space.

 

image712 W Schubert Ave
Original list price: $3.15 million
Sold price: $2.875 million
This Lincoln Park home sits on an extra, extra, extra wide lot—161 feet wide, more than three times the standard lot size for Chicago. With 7 bedrooms and 7,500 square feet, this home features a bevy of opulent details, from a double staircase entryway to a curved staircase that serves as the focal point of the home, to a lavish master suite. The expansive living and dining areas feature extra tall, coffered ceilings and custom finishes. A grand kitchen includes custom cabinetry, honed marble countertops and high-end appliances; the space also connects to a great room, making a large, open space ideal for entertaining. An elevator moves between all floors—the top of which you’ll find a guest suite with roof deck access, and on the lowest level, a family room, two additional bedrooms and a mudroom.

As you can see, the features and amenities of luxury properties can vary widely, from generous square footage to opulent architectural details to exquisite details—and all of those come with their own price tag. Looking at last month’s real estate sales helps put a number to the features you’re hoping to find in your own purchase. Then you can have an expectation for adjusting your wish list or budget accordingly.

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

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