November was another unexpected month for Chicago real estate, with the condo market continuing to deliver strong sales despite the winter chill that’s moved in.
Last month saw 35 sales of luxury condos (those priced a $1 million or higher) for a total of $57 million—right on par with the sales volume from the month prior to that. And that wasn’t the only trend hanging on—square footage was abundant in last month’s sales, as it has been for most of the year when it comes to Chicago condos.
The top sales each month continue to prove that buyers are looking for plenty of space (3,000 square feet and up), and that city living doesn’t mean sacrificing it. This has been the case with many of my clients transitioning from the suburbs into the city who still want a large home. Many clients are often surprised to learn that the move doesn’t have to be synonymous with downsizing. In fact, moving to the city opens up a whole new world of everything downtown has to offer, from shopping and dining to a shorter commute.
Packed with panache and square footage, here’s a detailed look at the top 5 most expensive sales last month, in descending order:
60 E Monroe St, Unit 3301
Original list price: $4.4 million
Sold price: $3.9 million
The Legacy is a showstopper among luxury condos in downtown Chicago, and this one is no exception. With 5,200 square feet of professional designed space, this combination unit spans the entire east face of the building, offering unobstructed views Lake Michigan and Millennium Park. Entertaining here is easy with a chef’s kitchen that adjoins a stunning great room, wet bar and balcony; not to mention a formal living and dining room with marble fireplace, a fabulous master suite with spa baths and walk ins, plus details like custom lighting, fixtures, AV and built-ins.
11 E Walton St. Unit 3002
Original list price: $3.5 million
Sold price: $3.45 million
This 3-bedroom condo is another example of a lifestyle that comes with certain Chicago addresses. This one is located in the Waldorf Astoria, where residents can take advantage of 5-star amenities and services from the neighboring hotel. Its 3,436 square feet starts with a spacious foyer upon entering the unit, which then opens up to a large living room, a separate dining room and a spacious gourmet kitchen with a great room. All 3 bedrooms include private baths, and the unit includes two private terraces and wonderful views throughout. z
1340 N State Pkwy, Unit 1N
Original list price: $2.995 million
Sold price: $2.781 million
This Chicago condo building is certainly one of a kind—it was formerly the Playboy mansion, converted now into 7 luxury units. This 3,250 square foot condo offers 3 bedrooms, 2.1 baths, plus a library, family room and expansive living and dining space. The thoughtful floorplan leaves plenty of room for entertaining in the front of the home while sleeping areas are toward the back. Details include high-end finishes and hardwood floors throughout, a butler’s pantry, custome Grabill cabinetry in the kitchen and a large private patio off of the kitchen and family room.
401 N Wabash Ave, Unit 38A
Original list price: $3 million
Sold price: $2.766 million
This River North beauty offers all of the exclusivity and panache that comes with living in Trump Tower. Perched on the 38th floor, the unit’s floor plan follows the dramatic eastern curve of the building, showcasing a panorama of Lake Michigan and the Chicago river through floor-to-ceiling windows. Its 3,400 square feet includes a spacious master suite with his-and-her baths and walk-in closets. Residents here can take advantage of all of the amenities and services that come with the Trump lifestyle, ranging from valet parking to in-room catering to the building’s state-of-the-art health center and spa.
2120 N Lincoln Park West, Unit 7
Original list price: $2.495 million
Sold price: $2.45 million
With just over 3,000 square feet, this full-floor Lincoln Park condo offers fabulous views of the park, lake, skyline and the zoo in Lincoln Park. It’s located in an intimate boutique building that is full of character, featuring an upgraded kitchen, master suite and plenty of storage space. Other details include wood floors, cove lighting and built-in speakers throughout the home.
You too may be surprised to learn what kind of properties are available in downtown Chicago if you’re considering a move from the suburbs, and I invite you to give me a call to discuss. Contact me at (312) 498-5080 or email me at email@example.com.