Chicago condo sales continued to trend higher in June, with a total of 35 luxury units sold for a total of $60.4 million. Luxury condos are those priced at $1 million or higher.
If you’re in the market to buy, taking a closer look at the previous month’s home sales is a must. This gives you insight into what types of properties are going for what price, giving you as a buyer, more knowledge to negotiate with on your own purchase. If you’d like to see a list of all 35 properties sold in June, I can provide a list with photos for you to reference during your own home search. Just email me at: www.ssalnick@Rubloff.com.
Chicago Luxury Condos that are Selling
For the Chicago luxury condos sold in June, the top five were all located in downtown Chicago–by far one of the best locations thanks to its proximity to everything from parks and the lake, to work, to dining and entertainment, all in the heart of downtown. One thing I’ve noticed among the luxury condos that are selling is that they offer exceptional square footage. In this month’s sales, square footage ranges from a “low” 3,020 to a whopping 6,700 square feet.
For these upper bracket properties, I’ve also seen buyers continue to gravitate toward the newer buildings, those that have been built in the last five years or so. I also find that buyers who are working with cash are able to get a much better deal on a property because they have that to leverage with the seller and can close a deal quickly.
Luxury Units Sold in June
Starting with the most expensive condo sale in June, here’s a closer look at the top five units sold:
57 E Delaware St, Unit 4100
Original list price: $6.975 million
Sold price: $6 million
This extraordinary penthouse in The Bristol spans a massive 6,700 square feet with two sky top terraces and stunning lake and city vistas. This Chicago condo boasts huge 19-foot Cathedral ceilings in the living room, with a chef’s kitchen, 6” ebony wood floors, with 3 en-suite bedrooms and a separate master wing with a spa bath. This home also included 3 prime parking spaces, which is key in downtown Chicago. Not to mention–this home sold for nearly $1 million less than the asking price, and you guessed it–the buyer paid cash.
11 E Walton St, Unit 2902
Original list price: $3.675 million
Sold price: $3.35 million
The Elysian has been a part of nearly every monthly sales report for awhile now, and this unit was the last remaining terrace home. This unique condo features a spectacular 1,500 square foot wrap-around terrace, and an expansive floor plan with the finest finishes throughout. This unit also boasts views of Lake Michigan from its ideal location in the Gold Coast. The building itself offers residents a 14,000 square foot spa, valet, concierge and in-room dining.
445 E N Water St, Unit 2701
Original list price: $3.35 million
Sold price: $3.075 million
This penthouse duplex unit includes two private balconies, a wrap-around terrace and about 1,600 square feet of living space. With fabulous views of the lake, river and Navy Pier, this home also has custom European finishes, wide-plank wood floors, a smart home system, gourmet kitchen, upgraded appliaces and much more.
50 E Chestnut, Unit 3001
Original list price: $3.150 million
Sold price: $2.9 million
Up on the 30th floor, this Gold Coast condo is a great location for taking in breathtaking views of Chicago. This unit had a price reduction, allowing the buyer to get a great deal in this full-service building with deluxe amenities. The full-floor condo itself features designer finishes, two private balconies, garage parking and a highly desirable Gold Coast location that is just steps from the Magnificent Mile.
30 W Oak St, Unit 19B
Original list price: $2.275 million
Sold price: $2.275 million
The condos at 30 W Oak are found in an award-winning, architecturally unique building, which is something else many buyers are interested in as of late. This 19th-floor unit is impeccable, with many upgrades throughout, including the kitchen, baths, closet and even the breathtaking west view. This sale also included garage parking for two cars.