11 Upper Bracket Chicago Condos Sell in April

When I refer to the “upper bracket” of Chicago luxury condos, I am referring to properties that sold upwards of $2 million up to $4.2 million, as was the case last month with 11 upper bracket condos sold in this range. April’s sales certainly indicate that sales in the $1 million-plus market should be strong in the next few months. In total, the month saw 60 sales close for a sales volume of $93 million in April.

Looking at what sold last month, four out of the top five Chicago condos sold were brand new construction. They were also in excess of 3,000 square feet. I am anticipating in the upcoming months that new construction with generous square footage will make a frequent appearance on our most-expensive-sales list.

In the meantime, here’s a look at the top five upper-bracket Chicago condo sales from April, starting with the most expensive:

25502550 N Lakeview Ave, Unit 1101S
Original list price: $4.6 million
Sold price: $4.2 million
This 3 bedroom, 3.1 bath unit sits on a corner and has been exquisitely appointed and highly upgraded. You’ll find stunning views of the lake, park and city skyline through dramatic 11-foot ceilings in nearly every room. State-of-the-art technology brings sound, light, HVAC and window treatments at the touch of a button. There are terraces for sunrise and sunset, including a 45-foot loggia off of the family room. Living in Lincoln Park 2550 is like staying at a fine resort, with dedicated concierge and a number of enviable amenities (more on that below).

4EastElm4 East Elm St, Unit 21S
Original list price: $4 million
Sold price: $4 million
The luxury condos at 4 East Elm have proved popular since the building debuted in the Gold Coast last year. The building is now 90% sold of its 35 sleek, modern half-floor residences, each with elevator entry into the unit. The Chicago condos in 4 East Elm include high-end finishes and at least 3 exposures with expansive views of the city and lake. Plus, residents here enjoy building amenities like an outdoor pool, whirlpool, sun deck, fitness center, screening room and clubhouse lounge.

1615-Burling1615 N Burling St, Unit 401
Original list price: 3,123,000
Sold price: $3,123,000
This Lincoln Park boutique condo building is brand new, with just 15 intimate units in the heart of the beloved neighborhood. With two combined units, this duplex penthouse occupies the top two floors of the building, with a 113-foot extra-wide floorplan. The penthouse includes 6 bedrooms, 4.2 baths, floor-to-ceiling windows and city views. Thoughtful details and finishes include Archisesto cabinetry, Sub-Zero and Wolf appliances and Jason Woo fixtures. The outdoor space is also incredible, with two balconies and a 39 x 32-foot private terrace.

4EastElm4 E Elm St, Unit 15N
Original list price: $2.99 million
Sold price: $3 million
4 East Elm strikes again! This brand-new construction unit spans 3,135 square feet, with only two units per floor and a private elevator. The superb open floor plan includes 3 bedrooms and 3.1 baths, with exquisite finishes throughout. Other details include 10-foot ceilings, Wolf and Sub-Zero appliances, Florense cabinets, in-ceiling invisible speakers, electric shade wiring, LED lighting and a luxurious master suite. The building’s amenities include a 24-hour door staff, outdoor pool, whirlpool, sun deck, fitness center, screening room and clubhouse lounge.

1615-Burling1615 N Burling St, Unit 104
Original list price: $2,248,000
Sold price: $2,248,000
Also located in the new boutique building in Lincoln Park, this unit is an extra-wide combination unit, with 3 bedrooms and 3.5 baths. Features include floor-to-ceiling windows, Archisesto cabinetry, Sub-Zero and Wolf appliances, Jason Woo fixutres and a thoughtfully conceived open floor plan with superior finishes throughout. The building offers unimaginable outdoor spaces—this unit boasts an 81 x 50-foot terrace. The buyer of this Chicago condo paid cash.

Luxury Living in Lincoln Park 2550
2550NLakeviewIt’s been awhile since we’ve seen Lincoln Park 2550 on our top five list, but this building has been a mainstay of luxury living in Chicago nonetheless. Even as new construction condos return to the Chicago condo, this building continues to stand apart from other luxury properties, thanks to its extensive list of amenities that makes day-to-day living feel like a resort vacation. In addition to concierge service, Lincoln Park 2550 offers its residents spa-like fitness facilities, private cinema, dry cleaners, yoga studio, party room, game room, library, dog run and a beautifully landscaped 1.25-acre private park. The location also can’t be beat, as this building is within an easy talk to restaurants, bars, grocery stores and public transportation.

I currently have a listing at 2550 N Lakeview, with 2600+ square feet, two north-facing balconies, two heated garage spaces and access to all of the amenities and services of this outstanding building.

For more information on this unit, or to see other properties that sold in Chiago luxury real estate last month, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Prime Chicago Luxury Condos Still Selling In November

Even with the start of winter moving in, November was a healthy month for Chicago luxury condo sales, with $42 million in total sales volume. Of the 25 $1 million-plus homes sold, several of those were in the “ultra-luxury” category, selling for more than $2.5 million.

Although the Chicago condo sales in November don’t look as robust as they did in the middle of the year, it is interesting to note that ultra- luxury properties (I consider those to be sales from anywhere between $2.5 and $3.5 million) continue to sell in prime buildings in the right neighborhoods. In fact, last month’s top five properties sold included two units in 2550 Lakeview, a Lucien Lagrange-designed building in the heart of Lincoln Park. The building has exceptional views and one of the most elegant lobbies in the city.

Learn more: 2550 Lakeview Ave

See what’s on the market at 2550 Lakeview

As we’ve seen become the case in recent months, the primary motivating factor for Chicago luxury buyers is square footage, and November was no exception. The square footage of the top sales ranged from a low of 2,843 to a generous 5,600 square feet. I actually suggest to my clients shopping for a condo that they aim for a unit that is at least 3,000 square feet—this seems to be the number that most luxury buyers need to not feel as if they are sacrificing space if they’ve moved from a single-family home.

Let’s take a closer look at those top five sales to see what motivated luxury buyers last month:

25502550 N Lakeview Ave, Unit S3003
Original list price: $3.9 million
Sale price: $3.5 million
It’s been awhile since we’ve seen a unit at Lincoln Park 2550 on the top sales list, likely because many residents who bought new construction here are in it for the long haul—but last month saw two sales in this beloved building designed by Lucien Lagrange. This magnificent, 30th-floor unit spans 3,679 square feet, including four bedrooms, 4.5 baths and two large terraces. The layout offers extraordinary east, north and west views that look out onto Lake Michigan, Lincoln Park and the city skyline. This unit in particular is one of just three on the floor, with 10-foot-8-inch ceilings and luxurious interior finishes throughout the formal living and dining room, large kitchen, family room, a spacious master suite with corner views and a separate utility/laundry room with a second service entrance. Lincoln Park 2550 has been a coveted building among luxury buyers, thanks to its full suite of amenities and services that include on-site management, a concierge and door person, spa-like fitness area with pool, sauna and steam room and a quarter-acre private park with dog run and playground. It’s Lincoln Park location makes it as easy walk to the many destinations within the park, lake Michigan, shops and public transportation.

4EastElm4 E Elm St, Unit 12S
Original list price: $3.4 million
Sale price: $3.48 million
This 3,516 square foot Chicago condo was yet another cash sale in the new construction building 4 East Elm. The building offers modern luxury living in its 35 half-floor residences, each of which has elevator entry into the unit. Residents here can also enjoy expansive city and lake views through at least three exposures. And the building itself is an ultimate oasis of luxury and privacy, with an outdoor pool, whirlpool, sun deck, fitness center, screening room and clubhouse lounge.

2430-n-lakeview2430 N Lakeview Ave, Unit 7-8S
Original list price: $3.48 million
Sold price: $3.2 million
This co-op was only open to a cash buyer, and its new owner was able to strike a pretty good deal on the price. A 5,600-square foot vintage duplex, this four-bedroom unit boasts incredible architectural details like an artistically carved wood-paneled living room with sculpted marble hearth and a matching wood-paneled library—both of which overlook the lake and park. Other features include an elegant dining room with fireplace, foyer with grand staircase, spacious eat-in kitchen and an outdoor common patio area.

Lincoln Park 2550 Lobby

2550 N Lakeview Ave, Unit S2401
Original list price: $3.199 million
Sold price: $3.175 million
This southeast-facing three bedroom unit is one of the building’s most highly desired tiers, with designer finishes, custom drapery and wall coverings and unparalleled views of Lake Michigan, Lincoln Park and the Chicago skyline. This 24th-floor unit offers a family room with fireplace and built-ins, a large dining room and formal living space with picturesque views, a chef’s kitchen with commercial-grade appliances and quartzite countertops and a master suite with spa-like master bath.

420-e-waterside420 E Waterside Dr, Unit 4310-14
Original list price: $2.95 million
Sold price: $2.85 million
Recently renovated and designed for upscale entertiaining, this 4,300 square foot penthouse boasts spectacular views in Streeterville. A large, open living space includes a luxurious kitchen, living room, bar and dining room that look out at a panoramic view of the city. In addition to envious views, floor-to-ceiling windows bring in abundant light throughout, including the four large bedrooms. Two full master suites have a separate seating area, soaker tub and huge closets. This unit is located in The Regatta, a full-amenity building with a fitness center, pool, game room, theater, party room and outdoor deck. Its location put residents here just steps away from Millennium Park, the riverwalk and a number of great restaurants.

For more information on last month’s luxury real estate sales in Chicago, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Chicago Luxury Condo at 2550 Lakeview Sells for $6 Million in December

As the winter months continue on, so do luxury condo sales in Chicago. In December, the city saw $89 million in sales of luxury condos (those sold for more than $1 million). While the last month of the year is often pretty slow for real estate, this one was a bit out of the ordinary. Not only was there a healthy number of $1 million-plus sales, 15 of those sales were over $2 million, of the top five most expensive luxury condos sold, sales were from $3.5 million to $6 million.

The takeaway? Large square footage, new construction, a neighborhood like Lincoln Park and bonus features for parking for more than one car can come with a hefty price tag, and those willing to ante up the large amount of money needed to get there can find themselves in a property among the likes of the top sales, such as a duplex unit with spectacular city views right in heart of Lincoln Park. Which is precisely what we saw with the most expensive property sold: a raw penthouse in Lincoln Park 2550 with a whopping 8,167 square feet.

One of the reason luxury buyers love Lincoln Park is, of course, the location. Many of my clients are looking for a neighborhood rather than downtown, and Lincoln Park is the best of both worlds. With easy access to downtown via car or public transit, it’s also right near parks, great schools, and offers access to the harbor if they own a boat.

Top December Sales of Luxury Condos in Chicago
A Chicago condo’s location certainly plays a large role in its sale price, but each property sold last month has its own long list of features and amenities that make it a must-have among luxury buyers. Here is a more detailed look at the top five sales last month and what each had to offer:

lp-25502550 N Lakeview Ave, Unit S3801
Original list price: $6.989 million
Sold price: $6 million
This is a familiar address for our top luxury condo sales every month—Lincoln Park 2550. This duplex penthouse unit stretches more than 8,100 square feet of raw space across the top 38th and 39th floors. Built by Chicago architect Lucien Lagrange, this building has been high on the wish lists of buyers as the quintessential residence for those searching for the very best in luxury living. Lincoln Park 2550 offers killer views, 5-star amenities and services, an exquisite lobby and interior design and much more.

435435 W Deming Pl, Unit 435
Original list price: $4,999,999
Sold price: $4,999,999
A brand-new townhome in Lincoln Park, this 5 bedroom, 4.2 bath property sold even before the listing made it to the MLS. That typically means details are scarce, but some features include four stories, two basement bedrooms, a large kitchen and more.

 

Four Seasons Building at 132 E Delaware132 E Delaware Pl, Unit 6302
Original list price: $6.4 million
Sold price: $4.25 million
Designed by Juan Pablo Molyneaux and architect Marvin Herman, this 7,000 square foot duplex oozes luxury perched high atop the Four Seasons Hotel. Features inside include incredible lake and city views, fine custom finishes, limestone floors, a grand staircase between two levels, library, second-floor gallery, 2,000-bottle wine cellar, home theatre and more. Residents in the building can also take advantage of the amenities and services offered at the Four Seasons.

77-E-Walton-St-27A-Chicago-IL-6061177 E Walton Pl, Unit 27A
Original list price: $3.9 million
Sold price: $3.6 million
A location on the 27th floor of rarely-available Residences at 900 means this downtown Chicago condo enjoys stunning views of the city and lake below. With more than 4,300 square feet, this unit is one of the A-tier floor plans, with 3 bedrooms, 3.1 baths and a bevy of covetable features such as floor-to-ceiling windows, 4-inch white oak hardwood floors, surround sound throughout, 10-foor ceilings and top-of-the-line kitchen appliances. A sumptuous master suite includes a colossal walk-in closet and luxurious bath with jetted tub, dual vanities and a separate shower.

431431 W Deming Pl, Unit 431
Original list price: $3.5 million
Sold price: $3.5 million
Another sold-before-print townhome in Lincoln Park, with 5 bedrooms and 4.2 baths. This stretch of Deming is a highly sought-after location in Lincoln Park, as it’s right next to Lincoln Park with the zoo, conservatory, North Pond and more. It’s also near great restaurants, shopping and a quick car or bus ride into downtown.

For more details on the properties that sold last month, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Hot Buildings for Chicago Luxury Condo Sales in August Were Found in Gold Coast, Lincoln Park

August was a terrific month for condo sales among some of my favorite buildings in the city. One is 30 West Oak,—and judging by last month’s Chicago condo sales, I’m not the only one. This Gold Coast building had the top sales (in volume) in August, totaling $9.6 million.

Another favorite building of mine is the new construction building at 2550 Lakeview, home of the most expensive condo sale last month. 2550 Lakeview (also known as Lincoln Park 2550) boasts the most exquisite lobby and a certain panache you won’t find anywhere else in the city. If you’re looking for a luxury property, I’ve sold many properties in these areas (check out my bio here) and would be happy to personally show you what these sought-after buildings have to offer. Just contact me at ssalnick@dreamtown.com.

Top Buildings for Chicago Condos

So what makes these two buildings so special? With 30 West Oak, the neighborhood itself is surrounded by luxury. It’s just one block from the most exclusive shopping in Chicago—whether it’s a custom diamond ring at Harry Winston, a scarf from Hermes, or a handbag from Tom Ford. The all-concrete building is one of few that features 10-foot ceilings that would be ideal for featuring a major art collection.

The building at 30 West Oak has a boutique feel and a style that would be easily embraced by minimalists. It’s also one of few newer buildings that is near downtown and in the heart of everything Chicago has to offer.

As for Lincoln Park 2550, this new construction building was designed by famed architect Lucien Lagrange and has every bell and whistle a luxury buyer could want. From a ¼-acre private part, to a state-of-the-art fitness facility, a dog run and much more, Lincoln Park 2550 has consistently been one of the hottest properties on the luxury market since the building opened.

While these may have been the most notable addresses sold last month, they weren’t the only ones. Here’s a closer look at the top 5 most expensive luxury Chicago condos that sold:

2550 N Lakeview Ave, Unit S-1306
Original list price: $4.995 million
Sold price: $4.5 million
This custom family residence at one of the city’s most in-demand buildings was the most expensive Chicago condo sale last month. With 5,175 square feet on the 13th floor, this unit has unsurpassed park and lake views with 4 bedrooms, large family/media room, 3 terraces and all the services and amenities you can imagine. The price of this condo also included 2 parking spaces.

30 W Oak St, Unit 22A
Original list price: $3.6 million
Sold price: $3.6 million
This coveted boutique building is iconic, architectural, and in a perfect Gold Coast location. With 4 bedrooms spanning 3,715 square feet, this unit boasts spectacular views of the lake, city and beautiful Oak Street, via 60 feet of south and east panoramic views through floor-to-ceiling windows. A chef would feel right at home in a gourmet Poggenpohl kitchen with Miele appliances, a separate freezer, two sinks, and a wine refrigerator. The master suite closet has a generous 19 x 14 square feet, with solid wood built-ins.

30 W Oak St, Unit 11B
Original list price: $3.15 million
Sold price: $3.3 million
Another beauty at 30 W Oak, this 11th floor 3-bedroom unit offers 3,349 square feet in one of the most high-demand buildings. A boutique building with only 45 units, it’s a rare opportunity to purchase a unit here, putting you near everything from great public schools to upscale shopping, restaurants and nightlife.

60 E Monroe St, Unit 3301
Original list price: $3.5 million
Sold price: $3.2 million
The Legacy at Millennium Park lets residents enjoy the city right outside their front door, from Millennium Park to the Art Institute, to shopping and restaurants within a few short blogs. This 4-bedroom unit was built from 3 combined units and spans the entire eastern side, with unobstructed views of the lake and park. Inside, you’ll find a huge chef’s kitchen, custom cabinets, Miele and Wolf appliances in the kitchen. A huge great room, living room, dining room and master suite provide plenty of additional space, and details like wide-plank floors, electric shades, marble baths and more take this unit to the next level.

270 E Pearson St, Unit 1401
Original list price: $2.8 million
Sold price: $2.8 million
This beauty sold even before the listing sheet made its way off the printer, thanks to its spacious 3,404 square feet, superb location between Michigan Avenue and Lake Shore Drive and building amenities.

Seeing what sold on the Chicago real estate market in the last year is crucial for buyers to gain an insight as to what is selling and at what price. I encourage any potential buyers to get familiar with what sold so they can be better informed when making real estate decisions.

To see more photos and details about the most expensive luxury condo sales sold last month or to get an idea of what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Most Expensive Chicago Luxury Condo Sales in March Included Brand-New Construction

March was good to Chicago real estate, with Chicago Magazine just declaring it an “awesome” month for the market. Chicago condo sales did their part with 35 luxury sales during the month, totaling $63.8 million for properties priced anywhere from $1 million up to over $4 million.

Most of the top sales that closed last month were brand new or relatively new construction properties. And each had that elusive location, location, location (four out of five in the downtown area) and one in the most exciting new construction property in the city, 2550 Lakeview.

Here are details for the top five most expensive Chicago condo sales during March, in ascending order.

The Ritz-Carlton Residences, Chicago118 E Erie, Unit 36E
Original list price: $2,856,125
Sold price: $2,850,000
The 40-story Ritz-Carlton Residences is one of the most magnificent buildings along the Magnificent Mile. This newer 2-bedroom unit spans 2,461 square feet and includes all of the amenities and service the building has to offer–a residence club, grand salon, spa, fitness center and available chef. The building is managed by the Ritz-Carlton Hotel Company, which is nearly a five-star guarantee for the best service in luxury living. The 86 units in the Ritz-Carlton Residences Chicago feature recessed balconies or terraces and 10-12 foot ceilings.

N Lake Shore Drive Chicago Condo1448 N Lake Shore Drive, Unit 16AB
Original list price: $2.995 million
Sold price: $2.9 million
This newly renovated 4 bedroom co-op not only boasts a Lake Shore Drive address, but 60 feet of space facing Lake Michigan. The vintage residence’s 5,250 square feet has elegant formal rooms, a paneled library with wet bar, high-end kitchen with breakfast area, and four en suite baths. One of the biggest points of interest among luxury buyers is the fact that this property is just a short walk away from Latin School, one of the area’s most sought after schools.

2550 N Lakeview Ave, Unit C6-24
Original list price: $2,960,020
Sold price: $2,960,020
This 2,843 square foot 3-bedroom unit is in one of the city’s hottest new luxury buildings, 2550 Lakeview. Located in the heart of picturesque Lincoln Park, this building has swept the luxury Chicago real estate scene with everything from its architecture to the high-end benefits of being a resident here. The elegance of this building is apparent the moment you step into the grand lobby, and residents here have a 1.25-acre private park and garden, an indoor pool and hot tub, a catering kitchen and Club Lounge, private movie theater, game room and much more.

The Elysian Residences Chicago

11 E Walton St, Unit 3601
Original list price: $4.199 million
Sold price: $3.875 million
An exquisite Chicago condo located in the Elysian in the Gold Coast, this 3-bedroom home spans an exquisite 4,000 square feet. With an exceptional floor plan for living and entertaining, the unit also features two valet parking space, top of the line finishes, 10-foot ceilings, 2 terraces, hardwood floors, custom closets, commercial grade appliances, custom wood and lacquer cabinetry, wall coverings and window treatments. Residents of the Elysian can enjoy the amenities from the five-star Waldorf Astoria Hotel, including dine-in room service, concierge, 4,000 square foot spa and indoor pool.

50 E Chestnut, Unit 601-701
Original list price: $4.9 million
Sold price: $4,053,109
The priciest sale in March was a new construction duplex in the Gold Coast, complete with a two-entire-floor layout and a private elevator. This exclusive building houses just 34 residences, each with floor-to-ceiling windows, two oversized terraces, Wolf/SubZero appliances, and elegantly appointed interiors.

Luxury buyers are certainly on the lookout for properties that set themselves apart from everything else on the market, whether its with a great location, a special building or amenities and services that you simply don’t find anywhere else. Looking at the previous month’s sales gives buyer an idea for what is moving on the market now, and at what price–information that is crucial to anyone on the hunt for their own new home.

To learn more about Chicago condo sales during March or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Check Out Chicago’s Most Expensive Luxury Condo Apartments to Sell in December

Sales for Chicago luxury real estate continue to be good, with 43 luxury condo apartments sold during the month of December. This is despite the fact that December is typically a sluggish month for real estate, with the holidays, colder weather and the anticipation of a new year ahead.

It’s always a good idea for buyers to take a look at recent sales to get an idea of the features of a luxury condo that has recently sold at what price. Buyers can then use that information to compare with their own budget and what features, amenities, etc. they would like to see in a new Chicago condo apartment for themselves. To receive photos and/or the entire list of December’s sales, simply email me at ssalnick@dreamtown.com.

The luxury condos sold during December ranged in price from $1 million up to $4.3 million, and had a few common denominators among them: generous square footage, location in prestigious high-end buildings, and many were also in new or relatively new buildings that boast a certain cache in downtown Chicago.

Chicago Condo Apartment Sales in December

Here’s a closer look at the top 5 apartments sold in December:

Address: 179 E Lake Shore Dr., Unit 20W
Original list price
: $3.3 million
Sold price
: $2.85 million
Square footage
: 3,560 square feet
Nested along the much-loved Lake Shore Drive, this Chicago condo went through a stunning total renovation in the last few years, boasting beautifully appointed interiors, a spacious floor plan and unobstructed views of the city, lake and beach. The co-op building offers superior service to its residents, and includes an exercise room, valet package, business center, and indoor access to all the amenities of the nearby Drake Hotel.

Address: 60 E Monroe St, Unit 7201
Original list price
:
$3.5 million
Sold price
:
$3.05 million
Square footage
:
4,580 square feet
This condo apartment was sold as an unfinished unit, allowing the buyer to take the reigns on finish its design to his or her exact preferences. The unit is located in the Legacy at Millennium Park, a luxury building in the heart of downtown Chicago, within walking distance of the financial district, the Art Institute, theaters, dining and more.

The Elysian Residences

Address: 11 E Walton St., Unit 4201
Original list price
: $3.399 million
Sold price
: $3.199 million
Square footage
: 3,436 square feet
This custom home in the Elysian building has undergone over $500,000 in incredible upgrades throughout. The unit features incredible city and lake views from the 42nd floor, 10-foot ceilings, gourmet kitchen and 2 oversized east and west facing balconies. Living at the Elysian also includes the 5-star services offered by the Waldorf Astoria hotel.

Address: 11 E Walton St., Unit 5801
Original list price
: $3.265 million
Sold price
: $3.265 million
Square footage
: 2,579 square feet
This unit was sold as quickly it was listed, and it’s no surprise. Located in the Elysian, this apartment is fairly new and in the heart of one of Chicago’s best neighborhoods, the Gold Coast. The Elysian offers its residents top-notch concierge services, plus a state-of-the-art fitness center, 24-hour room services, and a 14,000 square foot deluxe spa.

Address: 2550 N Lakeview Ave., Unit C8-14
Original list price
:
$4.275 million
Sold price
:
$4.275 million
Square footage
:
4,723 square feet
Found in one of the hottest Chicago new construction buildings on the market at 2550 Lakeview in Lincoln Park. Designed by Lucien Lagrange, this building just emanates luxury, from the elegant grand lobby, to its private park, club lounge, full-service fitness facility and much more.

Downtown Chicago a Destination for Many Buyers

Many buyers are looking at downtown Chicago as the right location for their next home purchase. It’s central location puts you close to both work and play, often within walking distance from everything from the office to the symphony and museums, not to mention dining, shopping and entertainment.

I’m finding that many empty nesters are looking at downtown Chicago condos to come in from the suburbs, to find a property that’s self-maintained and convenient for their lifestyles. I’ve also recently been working with people from all over the world, including Taiwan, Ireland, France and China. Chicago is becoming much more of an international city, as people are finding that it is much less expensive than the leading major cities of the world.

For more information on the condos sold recently in Chicago or to see what’s available now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

 

Chicago November Luxury Real Estate Sales: 27 Condos Close, Totaling $56 Million

The reports are in for Chicago luxury condo sales during the month of November, and they are a bit surprising. November is typically a month when sales begin to slack off, especially around the middle of the month, as winter and colder weather sets in Chicago. But interestingly, condo sales in November 2012 were fairly robust. Chicago real estate even set a record with a sale at 800 N. Michigan Avenue—a 7,900 square foot unit sold at the phenomenal price of $15 million.

Chicago New Construction Continues to Sell

It’s important to keep in mind that much of what’s selling among luxury buyers is brand-new real estate. One of the most popular buildings this year has been 2550 Lakeview, with a grand lobby that defies any other building, plus unbelievable luxury in addition to concierge services, and a 1 ¼-acre private park.

Square footage also continues to be important to the luxury buyer, especially when it comes to condominiums. As the sale at 800 N. Michigan proves (as does many other sales in November), living in a condo doesn’t mean sacrificing space, and many of Chicago’s high-end buildings offer the square footage that is comparable, if not superior to, a single-family home, but with all of the perks (like amenities and services) of living in a condo building.

Chicago Condo Sales in November 2012

Even though the most expensive sale was in Park Tower, the newcomer on the condo block, 2550 Lakeview, didn’t fare too bad, either. Here’s a closer look at the top five sales during November 2012:

Park Hyatt Tower Chicago

Park Tower, now home of the most expensive Chicago condo sale to date. (image from flickr/chascarper)

Address: 800 N Michigan Ave, Unit 66PH
Original list price
: $15 million
Sold price
: $15 million
Square footage
: 7,900
Perched on the 66th floor high above the Magnificent Mile, this downtown Chicago condo is magnificent in itself. Taking up the entire top floor of Park Tower, the unit features 16-foot ceilings, 360-degree panoramic views, plus a huge 660-square-foot private terrace space for taking in Chicago summers with the best views downtown. This condo was put on the books as Chicago’s most expensive condo ever, with 4 bedrooms, 5 baths and 3 garage parking spaces.

Address: 2550 N. Lakeview Ave., Unit C7-29
Original list price
: $2.3 million
Sold price
: $2.3 million
Square footage
: 2,813
Lucien Lagrange’s latest masterpiece in Lincoln Park continues to be embraced by the luxury buyer, and for good reason—this building has “wow” factor from the moment you step in the opulent lobby. This 29th-floor 3-bedroom sold to a cash buyer as quickly as it became available. Amenities at 2550 N Lakeview include an indoor pool, concierge, billiards, rec room, private club, 1 1/4 –acre park, fitness center and more.

Address: 2550 N. Lakeview Ave., Unit C7-28
Original list price
: $2.25 million
Sold price
: $2.25 million
Square footage
: 2,813
Another sale at the desirable 2550 Lakeview. This 28th-floor 3-bedroom also sold as soon as it became available, as luxury buyers are eager to not only get into one of the city’s most covetable buildings, but one that is in the heart of a sought-after neighborhood as well. Lincoln Park itself is picturesque, and gives residents easy access to downtown Chicago, airports, Lake Michigan, plus everything you’d need right in the neighborhood, from dining and entertainment to schools and parks.

Address: 2550 N. Lakeview Ave., Unit 17-C4
Original list price
:  $2.199 million
Sold price
: $2.199 million
Square footage
: 2,831
This 3-bedroom unit features outdoor space, views of Lake Michigan, the city skyline and Lincoln Park, plus two parking spaces. The building is right across from Lincoln Park and a great option for families, since it gives them easy access to some of the best private schools in Chicago.

Address: 65 E. Monroe, Unit 4806
Original list price
: $2.35 million
Sold price
: $2.05 million
Square footage
: 3,772
Located in The Park Monroe, this Chicago condo is right in the center of downtown Chicago, so a simple step out of the building puts you in the heart of the city’s cultural happenings, like the Art Institute, the Chicago Symphony, Dance Center, and more. This unit also features floor-to-ceiling 8 x 10 windows with panoramic views of Millennium Park, bustling downtown Chicago and the city’s enviable skyline. The Park Monroe offers residents amenities like a pool, fitness center, theater room and 24-hour doorman.

I always encourage my clients to take a look at recent sales in the neighborhoods or buildings they’re interested in so that they have an idea of what is available for what price. To learn more about November’s condo sales or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

28 Luxury Chicago Condos Sold in September for a Total of $47 Million

Last month’s condo sales in Chicago continued to hold ground during summer’s end, with sales of luxury condos (those priced at $1 million or higher) totalling $47 million, with 28 units sold. A few things we continue to see among luxury condos include ample square footage, buildings with top-of-the-line amenities and new construction properties that allow buyers to custom-design their own home.

Chicago Condos in Lincoln Park, Downtown

Not surprisingly, the top five sales for September occurred in the most prestigious buildings in the city, located mostly downtown, but also including the brand new building at 2550 Lakeview.

2550 in Lincoln Park is a new construction building that boasts incredible views and by far, the most exquisite lobby of any other condo building in the city. It also has a gorgeous landscaped, private, ¼-acre park that’s been beautifully designed exclusively for the residents here. Plus, this neighborhood is only an easy 20-minute bus ride to downtown Chicago, making it conveniently located for both work and play.

I have no doubt that a tour of 2550 will properly show you the panache that it has to offer, and I’d be happy to take you through the building and see if you agree.

As for the other top luxury sales, four out of the five were concentrated in downtown Chicago. Living in the heart of the city means you can walk to just about anything–work, five-star dining, upscale shopping, entertainment and cultural hot spots, parks and more. Many downtown Chicago condos put you a quick walk away from the Magnificent Mile (Michigan Avenue), the city’s famed block for high-end shopping and one of the truly great places to “experience” Chicago.

Top Chicago Condo Sales in September

Here’s a better look at the five most expensive luxury condo sales during September in Chicago:

11 E Walton St Unit 4902
Original list price: $4.795 million
Sold price: $4.3 million
Another expansive Chicago condo, this one spanning just under 4,000 square feet. This half-floor residence will allow the buyer to custom-build their dream home perched atop the Waldorf Astoria, one of Chicago’s finest hotels. Lake views, sunrise and sunset terraces, spacious rooms, high ceilings and all services of the hotel are just a few perks of living at 11 E Walton in the Gold Coast.

840 N Lake Shore Dr Unit 1601
Original list price: $3.995 million
Sold price: $3.6 million
This Chicago condo lives more like a home in the ‘burbs, with a huge 4,350 square feet in the Gold Coast. Its 16th floor location offers stunning views of Navy Pier and Lake Michigan, and the building itself was designed in a Parisian style by Lucien Lagrange. The unit is split into guest and master wings, with a wide open dining and family room, 4 bedrooms and 4.5 baths. Not to mention, Lake Shore Drive is one of the city’s most sought-after addresses, as it is a street known for its prestigious real estate and elegant lifestyles.

900 N Michigan Avenue Unit 23A
Original list price: $2.975 million
Sold price: $2.975 million
The Residences at 900 are in the heart of some of the city’s main attractions and feature floor-to-ceiling windows with fabulous views to take it all in. This unit in particular features 10-foot ceilings, white oak floors, a lavish master bath and a generous 3,834 square feet–more than many single-family homes. The building has a private lobby and entrance for residents, valet parking, ample storage space and state-of-the-art technology throughout.

2550 N Lakeview Ave North Unit C7-25
Original list price: $2,505,990
Sold price: $2,505,990
Spanning a huge 3,030 square feet, this Chicago condo is comparable to the space found in a home in the suburbs. Including 217 square feet of outdoor space and 10’8” ceilings, this unit offers great views of the city skyline, Lake Michigan and Lincoln Park. Located in the aforementioned 2550 Lakeview, which features state-of-the-art mechanical systems, pet-friendly features like a paw wash and dog run, plus amenities designed to make everyday living luxurious, like a fitness center, indoor pool, sauna, steam room, rec room, club room and more.

1340 N State Pkwy, Unit 1S
Original list price: $2.575 million
Sold price: $2.45 million
This is a property that is truly one of a kind–located in the original Playboy mansion. This is the only unit in the building that leads out to the mansion’s garden and includes a private patio, beautiful architectural details and is elegantly appointed throughout.

Looking at recent sales for Chicago condos is a great way for buyers to get an idea of what’s on the market, especially if you’re interested in a certain amount of space, or having particular amenities. Recent sales can help paint a picture of what you can get at what price. For a more detailed list of September sales, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Hot on the Chicago Real Estate Market: Lincoln Park 2550

Working in the Chicago real estate market, there is plenty of news and properties and deals to keep abreast of–some more exciting than others. I’ve been eagerly watching one of the most anticipated new construction projects from the last few years become a reality–Lincoln Park 2550. These brand-new luxury condos are unlike any other property in Chicago, and residents are now moving in to experience some of the finest upscale living in Lincoln Park.

It’s exciting when a project moves from renderings and models to the real thing, and clients can now see for themselves why everyone is talking about this building. I’d be happy to set up an appointment for us to see the building and experience first-hand the building, the units inside and all of the amenities this residence has to offer.

Lincoln Park 2550 Lobby

The entryway at 2550 Lincoln Park. Image from www.lincolnpark2550.com.

The Finest in Luxury Chicago Condos

The project–originally known as Lincoln Park 2520–is one of renowned Chicago architect Lucien Lagrange’s final projects before his impending retirement. One of the most buzzed about features of the final product is the building’s spectacular entryway–magnificent ceilings, beautiful artwork and overall opulence serve as the perfect introduction to residents and guests the moment they step foot into Lincoln Park 2550.

But the elegance of Lincoln Park 2550 goes well beyond the lobby. A few other reasons that luxury buyers are in love with this building include:

Concierge services: In additional to 24-hour door staff and maintenance, the building offers concierge services that are prepared to be at the beck and call of the residents.

Square footage: There are a number of very large units (some floorplans feature more than 5,000 total square feet) in Lincoln Park 2550 that allow residents to have a home in the sky–no need to leave behind an antique or special piece of furniture because of space.

Amenities: From a 1 ¼-acre private park, to the full-service fitness facility, indoor pool, club lounge, private movie theater, a billiards/game room, valet parking and more, the amenities at Lincoln park 2550 leave nothing to be desired.

Kid-friendliness: While room to roam and play outside is a more typical feature of a single-family home, Lincoln Park 2550 includes a park right downstairs from the building’s units, making it easy for families to transition into playtime.

Great schools: The property’s location in the heart of Lincoln Park puts it near some of the best private schools in Chicago like Francis W. Parker and Latin School of Chicago.

Chicago Condos with Plenty of Space
One of the great things about the design on Lincoln Park 2550 is the range of spaces available. Whether you’re an empty nester or a large family, the different available floorplans make this building ideal for a range of lifestyles.

Here’s a closer look at some of 2550’s floor plans. Click each to enlarge:

Lincoln Park 2550 Unit A6 floor plan

Unit A6: A 1 bedroom, 1/5 bath totaling 1,411 square feet. These units face southeast on floors 5-10.

Lincoln Park 2520 Unit B3 floor plan

Unit B3: A 2 bedroom, 2 bath totaling 1,654 square feet. Near the building’s southeast corner and available on floors 3-14.

Lincoln Park 2520 Unit C2 floor plan

Unit C2: A 3 bedroom, 3 bath totaling 2,169 square feet. These units are on Lincoln Park 2550’s northeast corner on floors 3-14.

Lincoln Park 2550 Floorplan Unit C8

Unit C8: A 3 bedroom, 3.5 bath totaling 4,723 square feet. Includes a generous 758 square feet of outdoor space. These units are on the entire southwest corner of the building on floors 4-14.

Lincoln Park 2550 Floorplan Unit D6

Unit D6: A 4 bedroom, 4.5 bath totaling 4,953 square feet. On the building’s sound end, spanning the width of the building for panoramic views from floors 35 and 36, which have only two units on the floor.

Lincoln Park 2550 Unit C3-C4 floor plan

Unit C3-C4: 4 bedroom, 4.5 baths for a total of 5,190 square feet. On floors 11-22, extending across the width of the building to face both northwest and southeast at each end.

The building has 15 floorplans total, so there are a range of options to meet what you’re looking for in a Chicago condo. For a personal tour of the building and to see these units in person, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

July Luxury Condo Sales: 40 Units, Totaling Over $76 Million

I’ve talked a lot about trends that we continue to see month to month in Chicago home sales–lot sizes, new construction, and noteworthy architecture are just a few of the common features found among the properties that are selling now.

When it comes to condo sales, I’m noticing a new commonality–the most expensive condo sales boast square footage that compares to a luxury single-family home. Buyers shopping for a luxury condo in Chicago want just that–a building that offers all of the services and amenities of an metropolitan luxury lifestyle, but a home inside that offers the space of anything but an urban apartment.

Luxury Chicago Condo Sales in July

For a summer month like July (when luxury sales are typically slow), it’s interesting to see that 40 condos priced between $1 million and $6 million sold (including a $6.550 co-op sold on East Lake Shore Drive). In addition to a huge amount of living space, these top condos share great locations, both in terms of the neighborhood and the superb buildings they are found in–from the new construction building at 2550 Lakeview in Lincoln Park, to 800 Michigan Ave and 11 E Walton in the Gold Coast.

Here’s a closer look at the top five most expensive luxury Chicago condo sales in July:

209 E Lake Shore Dr209 E Lake Shore Dr, Unit 12E
Original list price:
$7.25 million
Sold price: $6.55 million
East Lake Shore Drive is by far one of the most coveted addresses in Chicago. This breathtaking unit just underwent a 2½-year renovation by renowned Chicago architect Dirk Denison that was published in Metropolitan Home. The condo boasts five-star quality, with grand-scale living and dining rooms, incredible library, master suite with spa bath and huge closet, and state-of-the-art lighting and sound systems. Plus, its location on the 12th floor allows for highly-desirable views of Lake Michigan.

11 E Walton SThe Elysian Residencest, Unit 5400
Original list price: $6.5 million
Sold price: $6 million
This huge, 6,432-square foot condo inside The Elysian was one of the last “true” penthouses on the buildings top 5 floors, located on the full 54th floor. In addition to ample square footage, this Chicago condo has three huge terraces, unobstructed 360-degree views of the park, lake and city skyline, 3-car parking, high ceilings and more. The residence was partially finished, allowing the buyer to customize much of it to their specifications. The neighboring Waldorf Astoria hotel puts 5-star amenities close by, and offers residents concierge services that puts luxury service at one’s beck and call.

Chicago real estate at Park Tower 800 Michigan Avenue800 N Michigan Ave, Unit 2601
Original list price: $5.75 million
Sold price: $4.9 million
Some of the city’s finest offerings in luxury living are found at Park Tower, where residents can enjoy all of the 5-star services and amenities of the adjacent Park Hyatt Hotel. This condo features gorgeous lake and city views, a spacious floor plan of 5,239 square feet, a grand living room and dining room, media room, De Guilio gourmet kitchen and terrace, plus 3 large bedrooms that include an exquisite master suite.

lincoln park 2520 chicago real estate

2550 N Lakeview Ave, Unit C8-11
Original list price: $3.55 million
Sold price: $3,587,407
Located at 2550 Lakeview, the stunning new construction building going up in Lincoln Park, this Chicago condo is perched on the building’s southeast corner, with a generous floor plan spanning just under 4,000 square feet. Outside, the unit has a 750-square foot loggia plus two additional balconies. The building itself features a private 1.25-acre park, concierge, state-of-the-art fitness center, party room, theater, indoor pool and much more.

2550 N Lakeview Ave, Unit D4
Original list price: $3.138 million
Sold price: $3,260,046
Another sale at 2550 Lakeview, this unit spans 4,420 square feet on the inside and a generous 984 square feet of outdoor space on the outside. The building was designed by renowned Chicago architect Lucien Lagrange and has a private 1.25-acre park with impeccable landscape design. The outdoor balcony space overlooks the park, in addition to the unit’s 4 bedrooms and 4.5 baths.

There are a number of great properties on the market now for luxury buyers, but an insight into last month’s sales is a great way to see what you can get and and at what price. To see what’s available now or to take a closer look at last month’s sales, contact me at 312-264-5853 or email me at ssalnick@dreamtown.com