Luxury Chicago Real Estate Continues to Move Briskly with May Single-Family Home Sales

With inventory still fairly low in the Chicago real estate market, luxury properties with much to offer are moving quickly. The location of May’s single-family home sales are no surprise: Lincoln Park, the Gold Coast and Lakeview all topped the list of the most expensive homes sold in May. These neighborhoods are a dream for home buyers, with plenty of trees and residential-like streets, walkability to dining and shopping and within the boundaries of great schools.

There were 33 luxury homes (those priced at $1 million and above) that sold in May, totaling $57 million in sales. Here’s a look at the top 5 most expensive, in descending order.

astor1207 N Astor St
Original list price: $5.875 million
Sold price: $5.875 million
This 7,500 square foot home sits on an extra-wide lot on storied Astor Street in the Gold Coast. It was recently renovated to include high-end finishes and fixtures, radiant heat and home electronics, but the bones of the home offer much to be desired as well. An elegant living room and dining room each have their own fireplace; the chef’s eat-in kitchen features Christopher Peacock cabinetry; the great room features a 20-foot ceiling and stone fireplace; and a sun-filled penthouse opens up to a skylight and has two terraces.

hudson2138 N Hudson Avenue
Original list price: $5.2 million
Sold price: $5.1 million
A custom home stretched on an extra-wide lot in Lincoln Park, this home features 8,000 square feet on the inside and a large yard on the outside. It’s hardly your “typical” city home, surrounded by a park-like setting that floods the home with light. Inside is a huge eat-in kitchen with great finishes, an adjacent great room with dining terrace, a formal dining room, gracious living room and a 2-story living room. The master bath on the top level is spa-like, with a separate sitting room, dual closets and 2 bedroom suites.

division43 E Division Street
Original list price: $4.5 million
Sold price: $4.15 million
This 5,500 square foot beauty in the Gold Coast was wonderfully revamped into a contemporary designed space on the inside, while retaining its 1870s Italianate exterior. This home has plenty of space, from formal rooms on the upper levels to coach house spaces and a floor plan idea for living and entertaining. This home also includes heated stone floors, heated sidewalks and a heated 2-car garage to combat Chicago’s winter chill.

magnolia2238 N Magnolia Avenue
Original list price: $2.849 million
Sold price: $3.05 million
From Platinum Homes, this 4-bedroom home was a new construction property on one of the most coveted streets in Lincoln Park. The great floor plan allows for superb natural light to showcase interior highlights like the amazing chef’s kitchen or the array of designer finishes throughout. An outdoor space includes a yard, rear patio with grilling station and fireplace, garage roofdeck, and an additional covered/open rooftop deck with great neighborhood views.

lakewood3646 N Lakewood Avenue
Original list price: $2.395 million
Sold price: $2.3 million
A new construction home near the heart of Southport Corridor in Lakeview, this single-family home is 4,800 square feet of interior with a full masonry/brick construction. With 6 bedrooms and 5.1 baths, this home also boasts details like fine cabinetry, SubZero/Wolf appliances, custom millwork and hardwood flooring. The outdoor space includes a breezeway, raised patio with fireplace, and a rooftop deck with an outdoor room. It’s location near Blaine Elementary makes this a coveted property, as buyers are eager to be in the enrollment boundaries of well-rated schools like this one.

To learn more about the these recently sold properties in Chicago real estate 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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