Lincoln Park Was the Hot Chicago Neighborhood for Luxury Home Sales in April

With the summer season nearly underway, the real estate market is looking promising for the warmer months ahead. Sales in April 2018 were strong for luxury single-family homes (those priced at $1 million or higher), with total sales topping $110 million and 14 homes sold above the $2 million mark.

New construction properties are no stranger to our top sales report, and April’s most expensive home to sell was on the renowned Howe Street in Lincoln Park, closing at $6.8 million. This home was on an oversized lot, as were four out of the top five sales for the month. These larger lot sizes are hard to come by in Chicago luxury real estate, and are highly coveted by buyers for the larger rooms and expansive outdoor space that often comes with it.

In addition to a large lot, what gets buyers to pay big-ticket prices for their new homes? Of course, the needs and wants vary from buyer to buyer, but it’s almost a sure thing that an ultra-luxe features will reel in buyers: a large, heated garage, an elevator for easy access between floors and exquisite details in things like finishes, mill work and appliances.
There are plenty of special details and features among April’s top home sales. Here’s a look at what stood out among the five most expensive sales:

1825 N Howe St1825 N Howe St
Original list price: $6.899 million
Sold price: $6,788,628
This new construction home on the highly prestigious Howe Street sits on an oversized (33 x 124 square foot) lot. The generous lot size allows for a whopping 8,761 square feet of living space across 7 bedrooms and 7.1 baths. This sophisticated home has a number of luxury features, including a kitchen with massive island, butler’s pantry and built-in banquette seating; a great room with wall of doors leading to two outdoor decks; and a huge 3rd floor family room that opens out onto a covered terrace with an outdoor fireplace. There is also a 3-stop elevator that provides access to a massive penthouse skydeck with panoramic city views.

2204 N Cleveland Ave2204 N Cleveland Ave
Original list price: $4.5 million
Sold price: $4.35 million
Another extra-large lot allows for an extra-large home, this one in East Lincoln Park. With 5,370 square feet on a 37 x 125 square foot lot, this 5 bedroom single-family home has been redesigned and renovated to perfection. Its sunny interior is full of spectacular finishes and details like wide-plank walnut flooring with radiant heat. The impressive De Giulio kitchen boasts ample storage, Wolf and Subzero appliances, custom-polished stainless hood and a large, white quartzite island. The second level has four of the five bedrooms, including a luxe master suite with dual walk-in closets and spa bath.

2615 N Lakewood Ave2615 N Lakewood Ave
Original list price: $3.25 million
Sold price: $3 million
An amazing property on a double lot, this Lincoln Park home offers remarkable living spaces indoors and out. With 5 bedrooms, 4.2 baths and nearly 8,000 square feet, this isn’t like a typical city home. It boasts an open, sun-filled floor plan with clean, modern finishes and high-end details. Interior spaces include a large foyer, a spacious dining room, sun-soaked living room, extra-wide kitchen and huge yard and sport court. Four bedrooms reside on the second level, including a huge master with a crisp marble bath. A separate office adjacent to the master suite offers access to outdoor space. And the finished lower level includes an enormous rec room, bedroom and full bath.

1358 N State Parkway1358 N State Parkway
Original list price: $3.05 million
Sold price: $2.875 million
Everything is fresh and new in this fully renovated Gold Coast Greystone. Spanning 4,950 square feet with 5 ensuite bedrooms and 5.1 baths, this home has beautifully proportioned rooms with 11-foot ceilings, rift sawn oak floors, two fireplaces, zoned HVAC, new windows with plantation shutters and more. The lower level has been configured into a one-bedroom apartment with full kitchen and laundry, and the home has been designed to accommodate a 4-stop passenger elevator as well. Not only is the location in the coveted Gold Coast, it is in the Ogden Elementary School District and close to the private Latin School of Chicago.

2738 N Magnolia Ave2738 N Magnolia Ave
Original list price: $2.495 million
Sold price: $2.35 million
This new construction home in Lincoln Park has 6 bedrooms and more than 5,000 square feet across and extra-wide lot. The first thing you’ll notice is the beautiful detail on the limestone exterior. Inside, the eat-in chef’s kitchen features dual SubZero refrigerators, a Wolf range, two dishwashers, a large center island with quartz countertops, Amish custom cabinetry and a full butler’s pantry with wine cooler. A great room boasts a custom fireplace with built-in surround. The generous master suite has massive double walk-in closets, a luxurious bath with heated floors, freestanding Victoria-Albert tub, grand shower and steam. Outdoors, a raised, exterior pavered deck includes a stone wood-burning fireplace, a roof deck off of the third level, and snow melt on the front steps and walkway to garage.

For more information on the luxury single-family homes that sold in April, 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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