Market Times for Chicago Luxury Home Sales Were Amazing in August

Just when you thought there would be a complete, expected slowdown for luxury home sales, it just didn’t happen in Chicago. Thus August, $1 million-plus homes sold at record speed, showing the pent-up demand for high-end real estate in the city.

With a total of $89.6 million in sales, properties sold in as little as three days up to 43 days after they were put on the market. And three out of the top five most expensive homes sold did so for cash (without a conventional mortgage), which also added a carrot for the sellers as well.

Lincoln Park a Favorite of Luxury Buyers

It’s no surprise that three of the top five homes sold were also in Lincoln Park. Luxury buyers love this neighborhoods for everything from its school districts to its parks to its proximity to downtown. Bucktown and Lakeview also made an appearance among the top five. The diversity in neighborhoods for these sales seems to indicate that buyers are realizing they can get more bang for their buck if they look outside of Lincoln Park and the Gold Coast, both of which come with a high price tag for location alone. Expanding your real estate search to other desirable neighborhoods could land you with more space, more features and more upgrades for the price.

Without further ado, here’s a closer look at the top five most expensive homes that sold in Chicago in August, in descending order:

1847 N Howe St1847 N Howe St
Original list price: $4.2 million
Sold price: $4.05 million
Gorgeous, meticulously designed and in the heart of Lincoln Park. This 6,500 square foot home starts with a striking limestone façade that leads to an amazing interior with the highest end finishes. The home is an entertainer’s dream, with a perfect layout, soaring ceiling heights and a sunny kitchen/great room combination that opens to a raised terrace area. Beautiful millwork can be found throughout six bedrooms (five on the upper levels) and the top-floor bonus room, which opens up to a terrace with fireplace and amazing city views. The home includes an elevator to all levels, including the penthouse level roof deck. The spacious lower level includes a guest room, family room, exercise room and a mudroom.

1637 N Burling St1637 N Burling St
Original list price: $3.995 million
Sold price: $3.9 million
A stunning home with a limestone façade on Lincoln Park’s most sought-after block, this home sold in a mere three days. Inside, you’ll fix 6 bedrooms and 6.2 baths; and outside, 4 great outdoor spaces, including a 4th floor roofdeck that provides the utmost privacy and iconic skyline views. The first floor is ideal to entertain with a formal living and dining room, a top-of-the-line eat-in kitchen that opens up to the great room, with easy access to two outdoor areas. The home has been highly upgraded throughout, with functional upgrades like smart home technology, heated bathroom floors and motorized shades; plus, aesthetic upgrades like white oak flooring, generous ceiling heights, solid wood crown molding, four-stop mahogany elevator and custom built-ins.

1723 W Wabansia Ave1723 W Wabansia Ave
Original list price: $3.2 million
Sold price: $3 million
Located on a 36-foot wide lot in Bucktown, this luxury Chicago home was turnkey ready for its lucky buyer. Inside, you’ll find a top-of-the-line kitchen, 4 generously sized bedrooms on the second level, a master suite with 12-foot ceilings and a spa bath, and a lower level gym, wine cellar, wet bar and much more. There’s also full-home automation to control surround sound, temperature, lights, the security system and window shades. A 1,600 square foot rooftop includes a full outdoor kitchen, pergola, Sunbrite TV, surroung sound, irrigation and lighting. Plus a 20 x 30 foot garage deck off of the living room and cozy private rear patio with fireplace and built-in grill. This home spent just 16 days on the market before it was sold.

1455 W Oakdale Ave1455 W Oakdale Ave
Original list price: $2.975 million
Sold price: $2.875 million
This custom-built, brick and limestone home sits on a double-wide lot, allowing for a whopping 7,622 square feet of living space inside. With 6 bedrooms and 5.1 baths, the home has been highly upgraded in the last decade. Inside, you’ll find a long list of exquisite details like oak flooring, custom closets, custom window treatments, a lower-level steam shower, a mahogany paneled library, hand-scraped walnut floors in the living room, dining room and second floor bedrooms hand-scraped hickory floors, custom cherry doors, baseboards, wainscoting and a wood-paneled media room with 11 recliners. This home spent 38 days on the market before it was sold.

2245 N Seminary Ave2245 N Seminary Ave
Original list price: $2.795 million
Sold price: $2.5895 million
This gorgeous home was built in 1886, but just underwent a top-quality redevelopment on its quiet, coveted block in Lincoln Park. Boasting 5,232 square feet, 6 bedrooms and 4.1 baths, this property is a perfect blend of updated, stylish finishes seamlessly integrated with traditional elements that reference the home’s deep history. Four bedrooms sit on the top level, including a master suite that includes a bath with massive steam room and a freestanding Victoria and Albert tub. An extra-wide kitchen flows into the family room at the back of the house, where the space is flooded with light from all sides, highlighting exposed brick elements and reclaimed wood beams. The living and dining room have more formal characteristics, like herringbone floors and upscale moldings. There is also a new, 1,000 square foot Chicago common brick addition and a new two-car garage with a Trex roof deck. This home spent 43 days on the market before it was sold.

For more information on the homes 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.

Luxury Home Sales in Chicago’s Lincoln Park Were on a Tear in May

When it comes to on-fire real estate in Chicago, Lincoln Park is where it’s at, especially if sales in May were any indication.

Luxury home sales (those sold for $1 million or more) were very strong in May, with 82 homes sold for a total of $128 million in sales volume. The highest price for the month topped out at $4.75 million. The number of sales considered “ultimate luxury” ($2 million and up) is a great indication of the strength in the market, especially in the coveted Lincoln Park. You’ll see that this neighborhood nearly took over the top five most expensive homes sold, and I expect that it will continue to be strong in the coming months.

Luxury Buyers Flocking to Lincoln Park
Lincoln Park is among the top neighborhoods on a buyer’s wishlist, and it’s easy to see why. A few reasons Chicagoans (myself included) love Lincoln Park:

Location: This is what real estate is all about, right? Lincoln Park is in the heart of it all: close to downtown Chicago, Lake Michigan, great schools and with easy access to airports and highways. The neighborhood itself boasts a suburban, residential appeal but with the benefit of an urban location.

Things to do: From fine dining to sports, shopping to theater, you can do it in Lincoln Park. There’s never a shortage of options for a night on the town, be it date night or family fun night.

Schools: Lincoln Park is home to some of the best public and private schools in the city.

Property types: Whether you’re shopping for a Chicago condo, a single-family home, a penthouse or anything with a sprawling yard, you can find it in Lincoln Park. This neighborhood has a range of property types to fit every lifestyle.

This is a neighborhood I love to introduce new buyers too, and I have extensive experience helping clients purchase in Lincoln Park, including new construction homes, resales and condominiums. There are several streets now that are being looked at as “prime” for getting a great price. More homeowners are looking to sell as demand continues to increase from those who want larger homes in the city but still in a great location.

burling1722 N Burling Street
Original list price: $4,799,500
Sold price: $4.75 million
Located in the walkable East Lincoln Park, this brand-new, solid masonry home offers an incredible amount of space: 7,300 square feet, thanks to a 36-foot wide lot. With 8 bedrooms and 5.2 baths, this home boasts an elevator to every floor, including the roof deck. The third floor along includes a media/family room, guest suite and extra bedroom; there’s also a massive family room, yard and a luxurious master suite. Other details include sound insulation, premium windows, professional-grade kitchen, spa-caliber baths, heated floors in full baths, and zoned radiant heated floors in lower level, garage and exterior. And the luxury features aren’t limited to the indoors. The home has amazing outdoor space with a roof deck, garaged deck and a terrace off of the master.

dayton1849 N Dayton St
Original list price: $3.595 million
Sold price: $3.485 million
There wasn’t much no note about this brand-new Lincoln Park home, other than its 5,400 square feet has been highly upgraded by Hastings Builders. Features of the home include a passenger elevator, attached garage and rooftop deck.

mohawk1720 N Mohawk St
Original list price: $3.3 million
Sold price: $3.040 million
Located on the border of East Lincoln Park and Old Town, this incredible 5,900 square foot single-family home is a grand representation of luxury living. Inside, you’ll find 12-foot ceilings on the main level, extensive trim and built-ins, rift/quartered hardwood flooring and a grand custom staircase. The space allows for multiple family room areas, an eat-in kitchen with top-of-the-line finishes, appliances and cabinets, six bedrooms and four en-suite bathrooms, a master suite with two walk-in closets and multiple laundry rooms. The top-floor great room has French doors that lead to a large roofdeck with skyline views.

fremont1928 N Fremont St
Original list price: $3.25 million
Sold price: $3 million
There’s plenty to love about this single-family home on a highly desirable street in Lincoln Park. The property boasts exquisite detail, quality craftsmanship and high-end finishes throughout, including an amazing chef’s kitchen, gracious living and dining room with wood-burning fireplace and a great room with French doors that open to a raised back patio and roof deck. The second-level master suite has abundant closets and a spa bath. And the lower level includes a family room, craft room and guest bedroom with full bath.

magnolia2017 N Magnolia Ave
Original list price: $2,999,999
Sold price: $2.85 million
This Lincoln Park home is on an extra-wide, 31-foot lot and was built by luxury giant GVP, ensuring that no spectacular detail was spared. The first is huge square footage. The space spans 7,800 square feet, with details like wood paneling, coffered ceilings, a huge private deck, and a truly unique floor plan that’s unlike anything else. There are six bedrooms, a four-car attached heated garage, an outdoor space with heated concrete and a magnificent list of upgrades that can be found from room to room.

I find it important to round up the most recent home sales in Chicago to give my clients a glimpse at what the market looks like. Seeing what luxury homes are trading for and what features are included in each is great research for a buyer who’s trying to determine their own budget and “wants” from a home purchase.

For more information on home sales in May, Lincoln Park, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Outstanding Chicago Luxury Home Sales in Lincoln Park for May

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 dayton1922 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.

dayton2145 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.

mohawk1821 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.

orchard2244 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.

janssen2421 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 ssalnick@dreamtown.com.

Trend is Developing with Unusual Chicago Luxury Home Sales in October

The winter air isn’t the only thing moving through Chicago–luxury homes in October sold just as briskly, which is quite an unusual trend for late in the year and on the brink of winter weather.

Luxury real estate in Chicago (homes priced at $1 million and higher) sold in staggering numbers last month, and a good portion of those sales were on the upper end (over $2 million). With 15 homes closed during the month, sales totaled a whopping $72 million.

There were a few noticeable trends among luxury real estate that sold last month. Cash continues to be king, with 3 out of the 5 most expensive sales being sold as cash transactions. And lot size continues to be a noteworthy trend, with many homes on an extra-wide or extra-deep lot. Four of the 5 most expensive sales were on lots larger than the standard 25 ft. x 125 ft., which allows for larger rooms and more outdoor space for enjoying the warm weather when it returns for the summer.

Here’s a closer look at the details that helped these homes sell in October:

18631863 N Howe St
Original list price: $4.55 million
Sold price: $5,866,704
The highest priced sale in October has just about everything that luxury buyers look for: Space (5 bedrooms and 5,500 square feet); New construction (this brand-new beauty was waiting to be designed by its buyer); and location (on one of the most prestigious blocks in Lincoln Park).

20362036 N Kenmore Ave
Original list price: $4.499 million
Sold price: $4.499 million
On an extra wide, 37.5-foot lot, this brick and limestone home is a stunner on the outside with 9,500 square feet on the inside. Ultra-luxury features include walnut floors, 12-foot ceilings, a gourmet chef’s kitchen, an elevator an indoor sports court and a grand, curved staircase that is flooded from natural light from the penthouse level.

21122112 N Sedgwick Ave
Original list price: $3.695 million
Sold price: $3.45 million
Double-lot properties are a favorite among Chicago luxury real estate buyers, and this one is built from lot line to lot line to allow for 7,000 square feet of living space. This East Lincoln Park home was designed with the utmost elegance, including 11 1/2-foot tall ceilings, tall windows and a unique floor plan that gives the buyers the opportunity to put 5 of the 6 bedrooms on one level. There is also a chef’s kitchen, sunroom and a huge private yard, all which make the home idea for entertaining.

12351235 W Belden Ave
Original list price: $2.749 million
Sold price: $2.8 million
A luxury corner property in Lincoln Park, this 5-bedroom home was professionally designed to be an ideal home for entertaining. Features like a fabulous kitchen, a great room, wine cellar, an outdoor kitchen and spacious room sizes make all 6,000 square feet worth every inch.

22152215 N Orchard St
Original list price: $3.39 million
Sold price: $2.8 million
This home was called a “work of art,” thanks to its bright, natural light, 12-foot ceilings and grand living and dining spaces. Also included among it’s 6,000+ square feet is a massive eat-in kitchen, professional-grade appliances, a rooftop deck with a sunroom, hot tub and unobstructed city views, 2 large recreation rooms on the lower level and an attached heated 2-car garage.

As we near the end of the year, it’s good for potential buyers to take a look at what’s been selling in Chicago real estate. The seasonal slowdown is a great time to buy thanks to less competition among buyers and sellers who don’t want to see their homes on the market through all of winter. Keeping an eye on recent sales can give you an idea as to where the market is heading this time of year and what you can expect to buy for your own budget.

If you’re interested in more details on the homes that sold in October or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

The Chicago Real Estate Market Is Now a Seller’s Market

I’ve made the comparison before between the real estate market and the stock market–while we think of the latter and being able to turn on a dime, the real estate market can certainly do the same. Buyers in Chicago (and throughout the country) seem to be shocked that the market has so quickly turned in seller’s favor, with inventory in Chicago decreasing at an accelerating rate.

If you’ve been on the fence about making a Chicago real estate purchase, I absolutely believe that the time is now. Low inventory is one step–but what we can expect next is for the economy to begin to accelerate as well and interest rates start to increase, making it a much less ideal market for a buyer.

Fortunately for now, the interest rates are still low. But with prices beginning to creep up due to a shrinking inventory. I am seeing past clients who are starting to realize that real estate in Chicago is no longer on a downward spiral, and the market is beginning to move quickly.

In fact, in the luxury market, buyers are finding multiple offers for single-family homes in the $1+ million range, especially in areas that have excellent public school districts. Access to good schools is more and more important to each client I meet, and the connection isn’t surprising given that the cost of sending a child to private school in Chicago is typically $20,000 or more.

Chicago Real Estate Saw Quick Turnaround in March

Despite mixed real estate reports across the country in March, Chicago saw a surge of activity, thanks to that low inventory and low market times for for-sale properties. The city saw a double-digit increase in home sales compared to 2012, according to a report from the Illinois Association of Realtors.

Chicago Trending Better than National Market

For the first time in a long time, the Chicago market wasn’t trending opposite of the national numbers, but rather better than the U.S. market as a whole. Nationally, the number of homes sold in March was down 0.6 percent month/month, while Chicago saw an uptick of 33 percent month/month.

Another report said that 12 percent of Chicago homes for sale went under contract within 14 days of being listed, compared to 35 percent of homes on the national market.

The median sale price was also up 8.9 percent in Chicago from where it was one year ago. The Wall St. Journal attributed the spike in home prices overall to simple supply and demand–but suggested price gains are expected to continue.

Some additional notable highlights from March real estate in Chicago:

Lower proportion of distressed sales: While the number of foreclosures or short sales grew from February, so did traditional sales, shrinking the market share of those distressed sales.

Asking prices on the rise: Sellers’ asking prices are rising at a much higher rate than selling prices. This could be a sign of sellers’ growing confidence.

Homes are moving quicker: Chicago homes for sale were selling 38 percent faster than they were in the month before.

So what does it all mean? Well, these are certainly promising signs for the Chicago real estate market. It’s also an indicator of how quickly the market can begin to change–buyers considering a purchase need to take action while they’re still able to take advantage of lower rates before the economy is no longer working in buyers’ favor.

If you’re ready to see what’s on the market or considering a Chicago real estate purchase, give me a call at (312) 498-5080 or email me at ssalnick@rubloff.com.

February Sales Show Luxury Homes with Unusual Lot Sizes are Selling

Luxury buyers in today’s Chicago real estate market certainly want something different from the standard cookie-cutter home. Brand-new homes, properties on extra-large lots, homes with large rooms–and combinations of all of the above–are unique features that buyers are looking for when making a home purchase.

Chicago Real Estate Sold in February

Although there were only 11 luxury homes sold in February, these homes were without a doubt properties that differentiated themselves from standard Chicago homes. The five most expensive homes ranged from $1.8 million up to $4.5 million, and most buyers paid significantly less than the asking prices. And this is where those large lot sizes come in — all of the properties sold were on lots much larger than the standard 25 ft x 125 ft that is standard in the city of Chicago.

Larger lots allow for larger bedrooms throughout the home, and the master bedrooms in some of the February sales range anywhere from 16 ft x 16 ft on the low end up to 24 ft x 15 ft on the high end (a size that is quite substantial for most homes). Combining that ample space with some of Chicago’s best neighborhoods–Lincoln Park, Lakeview and the Gold Coast–is an ideal combination for luxury buyers in today’s market.

Here’s a closer look at the top 5 luxury homes that sold in February:

1701 N Dayton
Original list price: $4.5 million
Sold price: $4.5 million
This exquisite Chicago new construction home in Lincoln Park sits on a 36-foot-wide parcel, allowing for 8,000 square feet of living space inside. With 3 levels, six bedrooms, a finished basement and large outdoor deck, it’s no surprise that this home sold even before the listing sheet was issued.

2237 N Dayton
Original list price: $4.2 million
Sold price: $4,143,094
Another new construction property in Lincoln Park, this home sits on a 32-foot-wide lot. Inside is about 6,800 square feet of living space, which includes a massive kitchen, a great room with deck, guest suite on the penthouse level, roof deck, exercise and media room and more.

1236 N State Pkwy
Original list price: $2.34 million
Sold price: $2 million
Found in Chicago’s Gold Coast, this historic rowhouse is elegant and comfortable, with high ceilings, original pocket doors, triple bay windows and a large patio and garden.

1518 W Wrightwood Ave
Original list price: $2.6 million
Sold price: $1.9 million
The buyer of this luxury home in Chicago’s Lincoln Park got a great deal, purchasing the property for more than a half-million below the original asking price. Also on an extra-wide 33-foot lot, this custom home overlooks Wrightwood Park and features 20-foot custom windows, a huge gourmet kitchen, media room, attached 3-car garage and a swimming pool on the garage deck.

4112 N Hermitage Ave
Original list price: $1.889 million
Sold price: $1.815 million
A beautiful vintage home with a wrap-around porch on a beautiful block in Lakeview. The home was recently rehabbed and sits on a 40-foot wide lot with five bedrooms and four bathrooms.

For potential buyers, taking a look at the recent sales in the Chicago real estate market helps provide a good idea of what types of properties are available and for what price. I’d be happy to provide more details on these sales and show you what is available on the market now, as there are certainly properties available with these coveted features–large lot, great neighborhoods, with ample square footage. To get a closer look, contact me at 312-264-5853 or email me at ssalnick@dreamtown.com.

4 Most Expensive Chicago Home Sales in September Were In Lincoln Park

The numbers have been released for Chicago’s luxury home sales in September, and as usual, these were all properties that boast great locations. With 21luxury properties sold, totaling $39.6 million, 10 were in Chicago’s Lincoln Park neighborhood and 7 were in the nearby Lakeview neighborhood.

Having a large lot size is one of the most sure-fire ways to maintain a property’s value, as these are rare to find in Chicago. If you’re looking at Chicago homes for sale, email me with the location and budget you’re interested in, and I can find the city’s unique new construction homes and luxury properties. I’d be happy to send you a list or personally show you various properties in the style you’re looking for (modern, traditional, vintage) and in a location that best suits your lifestyle.

For September’s sales, the five most expensive properties were unique pieces of Chicago real estate. These one-of-a-kind properties with uncommon features have continued to sell despite volatility in other parts of the market. Not to mention that Lincoln Park and Lakeview are two of the city’s most coveted neighborhoods to live in. Here’s the scoop on the top five Chicago real estate sales in the luxury market during the month of September:

2225 N Lakewood2225 N Lakewood Ave.
Sale price
: $3.85 million
The most expensive Chicago home to close in September, this home doesn’t just sit on a large lot—it expands over an exceptional triple lot. With 8,600 square feet on two levels, this home showcases unusually large rooms: A 46 x 34 foot living room; 34 x 17 foot master bedroom; and two main-level bedrooms measuring at 27 x 11 and 13 x 12 square feet. This home also features 16- to 20-foot ceilings, a huge 41 x 16 square foot library, private, oversized garden and the most exquisite finishes. With three bedrooms, this home also featured ready-made plans to modify it to a six-bedroom home.

2040 N Kenmore2040 N Kenmore Ave.
Sale price
: $3,002,145
This Chicago new construction was built by Environs Development, one of the premier builders in Chicago. On a prime Lincoln Park block, this Chicago home features 5,200 square feet of living space, with a luxurious master suite,  top-floor great room and guest suite, plus a massive roof deck and two-tiered deck on the lower level. Because this was a new construction property, the purchaser was able to customize the home to their needs with a great layout and their choice of finishes.

2461 N Geneva2461 N Geneva Terrace
Sale price
: $2.725 million
This unique luxury home is a dream, combining traditional and contemporary style in a custom design created for the architect himself. It features some of the most generous room sizes available on the Chicago real estate market. The master bedroom spans 22 x 15 feet, with three additional bedrooms stretching 12 x 13 feet, 16 x 13 feet and 17 x 12 feet. The living room offers a huge 24 x 27 foot space (ideal for entertaining), with fourth and fifth bedrooms on the basement level.

2218 N Dayton2218 N Dayton St.
Sale price
: $2.6 million
This vintage property sits on an extra-wide lot of 36 feet. With 6 bedrooms, this Chicago home was meticulously maintained, with living space that was expanded to include a top-of-the-line kitchen, huge master suite and bath, penthouse level great room with terrace and a two-car garage. N Dayton Street is one of the most elegant blocks in the city, in Lincoln Park but considered by many to be in the Depaul neighborhood with its close proximity to Depaul University.

4032 N Hermitage4032 N Hermitage Ave.
Sale price
: $2.3 million
Selling for its original listing price, this single-family home was a new construction property on a 38.5 by 165-foot lot, a huge (and very rare) lot size to find in the city. The lot size allowed for generously sized rooms with vaulted cathedral ceilings and skylights, with 6 bedrooms and 6 bathrooms. Having sold within a day of being listed, this Chicago home should maintain great resale value due to the rare size of the home and lot.

These properties each had something special to offer the luxury buyer—great neighborhood, liberal space and the all-around brilliance often found in Chicago luxury real estate. To find unique properties that meet your Chicago real estate needs, contact me at 312-264-5853 or by email at ssalnick@dreamtown.com.

Luxury Chicago Real Estate Continues to Sell in June with 30 Detached Home Sales

The luxury market for Chicago real estate continued to do well in June, with sales ranging from $1 million to $4.5 million. The majority of homes that sold were in some of Chicago’s most prestigious, coveted neighborhoods, and it’s not just Chicago condos that are moving on the market—30 of the sales in June were of detached homes.

Overall, the luxury Chicago homes sold in June were in great locations in their respective neighborhoods. It’s interesting to note that 26 of the homes sold were found in sought-after neighborhoods: the Gold Coast, Lincoln Park and Lakeview. Lincoln Park experienced the most luxury home sales in the group with 17 homes sold. Not only were these homes located in one of Chicago’s favorite neighborhoods, but the individual properties each had something to differentiate themselves and several turned out to be great deals for the buyers.

At 738 W Belden in Lincoln Park, this 5,000 square foot, Chicago new construction property was appraised for $2.5 million. But it actually sold for $1.5 million, making it an incredible deal in Chicago real estate. This 4 bedroom/4.1 bath also included 10-foot ceilings, classical finishes, a custom kitchen and an 18-by-18 foot terrace.

Another home at 1814 N Burling sold for $200,000 less than its asking price. This Chicago home is certainly unique to the market—it’s on an unusual lot size of 25 feet x 131 feet (standard lot size in Chicago is 25 feet x 125 feet) and features a luxurious master suite with a spa and walk-in closet. The 5,000 square foot was also originally built by Metzler Hull, a developer known for his high-end homes with exquisite finishes and 10-foot ceilings.

At 1021 W Lill, a breathtaking 4-bedroom/2-bath home that sold for $2.65 million stood apart from the pack for several reasons. One of the most notable features is this Chicago home’s 1500-plus square feet of outdoor space. But this home had much more to offer as well, including abundant natural light, 12-foot ceilings, custom paneling and millwork throughout, multiple wet bars and security cameras. The home’s breezeway, leading from the home to its 2.5-car garage, is a rarity in Chicago real estate due to zoning restrictions—not to mention being worth its weight in gold in Chicago’s volatile weather. The property also has a huge penthouse-level space for a workout room and den.

The property at 2668 N Geneva Terrace boasts a unique, extra-large corner lot at 26.02 feet by 126.72 feet. A highlight of this home was again an all-too-uncommon enclosed breezeway, in addition to extensive built-ins, an enormous kitchen and wonderful natural light. Sold for $1.825 million, this home also has a penthouse level with two outdoor decks and a sky-lit recreation room.

Finally, the most expensive home that sold in June was at 1358 Dearborn, which sold for $4.5 million, after an original listing price of $5.25 million. This Gold Coast home was completely renovated on its 23 foot x 150 foot lot. It also features 13-foot expansive ceilings, a 3-car heated garage, high bedrooms and four—four!—outdoor spaces, including a center courtyard and a huge 39-foot by 22-foot roof deck.

From unheard-of amounts of outdoor space, to breezeways, to lot sizes and upgraded finishes, the homes that are selling on the market now each have something that makes them anything from a run-of-the-mill Chicago home for sale. Seeing the Chicago real estate that recently sold gives buyers a great look into what’s on the market and what types of Chicago homes will maintain their value by differentiating from what else is on the market. To see a list of all the homes that sold in June or to see what unique properties are available now, contact me at 312-264-5853 or by email at ssalnick@dreamtown.com.