Square Footage, Location Sell Chicago Luxury Real Estate in July

The buzzword of Chicago luxury condos sold in July? Space. Of the five most expensive units to sell last month, just one was a tad under 3,00 square feet, while the rest were over the mark. One stood out with a whopping 4,705 square feet. These are square footages more commonly associated with a single-family home, rather than a condo, but the expansive space offered by luxury condos, paired with building amenities and services, has buyers flocking toward the high-rise life.

The other factor that continues to be a key in quick-selling Chicago condos is that a building must stand out among the rest. Trump Tower, for example, offers some of the best service its residents could find in all of Chicago. Living on East Lake Shore Drive puts you into an exclusive club, as its one of the most coveted, upscale blocks in the city. And the views from a building like the Legacy are in a class all their own.

Here’s a closer look at the top Chicago condos that sold in July, starting with the most expensive sale:

20090518_Trump_International_Hotel_and_Tower,_Chicago401 N Wabash Ave., Unit 79D
Original list price: $3.355 million
Sold price: $3.355 million
Trump Tower trumps again. The sweeping views from this 3-bedroom Chicago condo are unbelievable, letting the city, lake and skyline be a backdrop to its 3,000+ square feet. An expansive master suite features an extra-large bath and double walk-in closets. The large kitchen includes only the best appliances from Subzero, Viking, Wolf and Miele, paired with Snaidero cabinets. And of course, the best in luxury amenities from the hotel are available day and night to Trump Tower residents.

189 East Lakeshore Drive Chicago Exterior189 E Lake Shore Dr., Unit 7E
Original list price: $3.35 million
Sold price: $3.1 million
The coveted Lake Shore Drive is no stranger to the top sales in Chicago real estate. This is one of the most prestigious blocks in the city, after all. This unit is no exception, as it’s a magnificent half-floor 3 bedroom swathed in perfection from the design, to the layout, to the finishes. With 3,800 square feet in total, the expansive living/dining room feature windows that look out to Lake Michigan. A new eat-in kitchen includes the finest custom cabinetry. And a gorgeous master suite showcases lake views from end to end.

415ENorthWater415 E North Water St., Unit 2505
Original list price: $2.999 million
Sold price: $2.86 million
A dream unit for someone who loves to entertain, this Chicago condo features an elegant, open layout and 180-degree views of the lake, river, park and skyline. With 4,705 square feet, this home features a formal entryway with a gallery, neutral wood and stone finishes throughout and a see-through fireplace between the living room and dining room. The views from the 25th floor can be enjoyed from four balconies.

270EPearson270 E Pearson St., Unit 1501
Original list price: $2.715 million
Sold price: $2.715 million
This 15th floor condo in Chicago’s Streeterville neighborhood sold before the listing even made it off the printer. With 3 bedrooms and more than 3,400 square feet, this condo is located in The Belvedere, a boutique building with a European feel in Lake Shore Park.

The-Legacy-Condos_exterior460 E Monroe, Unit 6702
Original list price: $2.35 million
Sold price: $2.325 million
Located at the Legacy at Millennium Park, this elegant 2,930-square-foot 3-bedroom boasts the building’s signature views of the park, lake and city. The Legacy also offers numerous sky decks, a resident lounge, pool, hot tub, steam rooms, fitness centers, and 24-hour door service and concierge. Residents here can even access certain club services at the University Club, located just across a skybridge.

These are all buildings with that special something, whether it be views, amenities or something else that sets it apart from many other options. Combine that with a great location and tons of space, and you have the just-right combination of what many of today’s upscale buyers are looking for.

For more information on the Chicago condos that sold last month or to take a look at what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

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