There was a clear star of the show when it came to last month’s luxury home sales in Chicago—and it goes by the name Lincoln Park. This was the neighborhood that had the majority of most expensive home sales, ranging from $2.59 million up to $4.1 million. It appears that high-end home buyers are flocking to Lincoln Park, since 11 out of the 13 most expensive homes purchased were located here. The reason? For starters, Lincoln Park is a highly sought-after neighborhood to begin with, but additionally, inventory is low for large homes and homes on oversized lots.
Trends in Recent Chicago Luxury Home Sales
Looking at the properties that sold last month, it’s interesting to note that three out of the five most expensive homes sold in less than 2 months, while one sold in 3 days and another in 25 days. Those are quite extraordinary time frames for homes that are upwards of 7,000 square feet. And one other trend in last month’s sales was that more buyers are opting to take out a mortgage rather than paying in cash like we’ve seen a lot of in recent years.
If you’re in the market for a luxury home, taking a close look at the previous month’s sales is a great place to start. I would be happy to send you photos of these homes or provide a tour of luxury homes within your budget.
If you make a home purchase with me, right now I am offering my buyer clients $2,500 in cash upon closing. If you’ve ever moved, you know there are a number of expenses that arise with a new home, such painting costs, window treatments, home technology and of course the move itself. Give me a call so I can tell you more about it.
But in the meantime, here are some details on last month’s top luxury home sales:
1922 N Dayton St
Original list price: $4.3 million
Sold price: $4.1 million
Understated, luxurious and state of the art—those are the words to describe this 7,000 square foot home on one of Lincoln Park’s most desirable streets. With a brick and limestone façade on the outside and well-crafted detailing on the inside, this home boasts luxury on every level. The first floor houses an elegant living room and dining space with a large, well-appointed kitchen, attached great room, large outdoor patio and garage deck. The second floor has an expansive master suite with spa bath, walk-in closets and a second bed/bath and office. The third level offers 3 additional bedrooms with ensuite baths. And the lower recreational level has 9-foot ceilings, a sixth bedroom and bath and direct access to an oversized 2-car garage. And a grand, elliptical staircase ascends through the home up to a sunlit penthouse that has access to an expansive roof deck and sweeping views of the city.
2145 N Dayton St
Original list price: $3.995 million
Sold price: $3.55 million
Another home on an extra wide (33 feet) lot, this fairly new construction property was built by LG Construction Group in 2014 to include a long list of high end features. Details like custom carpentry, millwork and finishes; exotic stone and designer fixtures; 4-inch white oak rift hardwood floors; a grand marble foyer with built-in armoire; and much more. The gourmet eat-in kitchen includes a butler’s pantry, quartz countertops, island with breakfast bar, Subzero refrigerator and freezer, dual Miele dishwashers and 6-burner Wolf range. The home’s second level has four bedrooms, with a wet bar, den and guest room on the 3rd level. On the lower level are two additional bedrooms, rec room with built-in bar area, wine room, playroom, mud room and storage. The home also features a spectacular outdoor space, with a yard and patio off family room and balcony off master.
1821 N Mohawk St
Original list price: $3.495 million
Sold price: $3.435 million
Located on a premiere block in Lincoln Park, this 6,500 square foot home recently underwent an extensive renovation stunning enough to earn it a feature in CS Interiors. New additions include exquisite new flooring, lighting staircases, kitchen and bath spaces. The home has five upstairs bedrooms, including a luxe master suite. The top level is a gorgeous penthouse entertaining space with skyline views adjoining two roof decks with an outdoor shower, planters, pergola and professional landscaping. The lower level includes a guest suite with kitchenette and radiant heat.
2244 N Orchard St
Original list price: $3.095 million
Sold price: $3.095 million
Every luxury detail was thought of in this 7,500 square foot, five bedroom home in east Lincoln Park. Features include a distinguishing limestone façade, highly upgraded finishes, and a generous floor plan that allows for family living and entertaining. A top-of-the-line English style kitchen includes a built-in banquette, adjoining a bright family room that opens up to a raised terrace with outdoor fireplace. Other details include tall ceilings, a passenger elevator and wine cellar. This home also boasts a great location close to Oz Park, Francis Parker School and the neighborhood’s great selection of shopping, dining and entertaining.
2421 N Janssen Ave
Original list price: $2.699 million
Sold price: $2.59 million
Located on an extra wide (28 ft x 128 ft) lot, this nearly 7,000 square foot home in Lincoln Park has been fully remodeled with 6 bedrooms, 6.1 baths and a whole host of luxury features: 11-12 foot ceilings, crown and wall moldings, elevator access, heated floors in bath and lower level, Chef’s kitchen, five fireplaces, a movie theater, sauna and wine cellar. In addition to the generous interior space, this home posts more than 1,500 square feet of outdoor space as well.
I would be happy to give you more information on recent home sales and tell you more about my offer for buyers to get $2,500 at closing. To see what’s on the market now, contact me at (312) 498-5080 or email me at firstname.lastname@example.org.