Top Sales Closed in January: 3 Vintage Chicago Luxury Masterpieces, 2 Luxury New Construction

Looking at the luxury Chicago homes that sold and closed, the month of January was highly unusual. The top five sales were each extremely unique, including two brand-new construction properties along with three vintage architectural masterpieces which sold for major, major discounts. The three vintage homes are truly special properties—but for real estate like this, there is often a limited pool of buyers, and would require a real investment in artistry to bring these gems back to their original grandeur.

All in all, January saw $77 million in total sales volume of Chicago luxury homes, with nine of those homes selling for more than $2 million. There’s lots to cover, so let’s jump right in to the top five single-family homes that sold in January, starting with the most expensive:

2466 N Lakeview Ave2466 N Lakeview Ave
Original list price: $7.15 million
Sold price: $4.65 million
This is Chicago’s historic “Wrigley Mansion,” a magnificent estate that was designed by famed architect Richard Schmidt and built in 1896. It spans more than 13,000 square feet, across a main house and additional structures on the property. The main house features 9 bedrooms, 6.3 baths, a grand foyer, a solarium, butler’s pantry, wine bar, walk-in vault, game rooms, staff quarters, a mahogany paneled library, sprawling master suite and a top-floor ball room with unobstructed views of Lincoln Park and Lake Michigan. It also includes a 2,000 square foot coach house with ground-floor storage and garage bays with two residential units above. Special details include mahogany cherry and bird’s eye maple woods throughout, marble fireplaces and fixtures, intricate mosaic tile, ornate hardware, gold and silver leaf finishes and coffered ceilings.

You’ll notice this home sold for more than $2.5 million less than the asking price—that’s quite a significant discount. This home was sold as a foreclosure, and while it holds a ton of history, was in need of some significant rehab, which likely helped the cash buyer do some major negotiating on the list price.

1440 N Dearborn Pkwy1440 N Dearborn Pkwy
Original list price: $6.45 million
Sold price: $4.625 million
This vintage property also sold for a major discount—nearly $2 million under asking price. The buyer paid cash, which likely gave him or her a leg up in negotiating the final price. The home is in the Gold Coast’s historic district near Oak Street Beach and the Magnificent Mile. Its style is a total stand-out, a gilded age mansion designed by James Egan with a blend of fresh Romanesque style architecture modernized for today’s buyer. The vintage charm lends itself to exceptional details, such as an elegant Tiffany stained glass oval skylight on the top level. But the rest of the home has been completely renovated across its four levels, five bedrooms and 5.2 baths, with a spacious open floor plan made for entertaining, a top-of-the-line gourmet kitchen with butler’s pantry, dining room and formal living room, plus a finished lower level with guest suite, exercise room and two wine cellars. Outside, the 150-foot-deep lot allows for plenty of space for a private, landscaped backyard paved with limestone.

1831 N Fremont St1831 N Fremont St
Original list price: $3.495 million
Sold price: $3.495 million
This is a brand-new brick and limestone home on the tree-lined Fremont Street in Lincoln Park. This new home offers more than 5,200 square feet of luxurious living space that is bright and airy, thanks to oversized windows throughout. Design details inside include custom cabinetry and millwork, professionally designed natural stone baths, a luxe master bath with oversized steam shower, separate vanities and private water closet. Outside, you’ll find a tremendous outdoor space including a yard, rear patio, garage deck and secluded rooftop deck with covered patio and fireplace. Plus, the home includes a radiant-heated lower level, front steps and rear walkway along with an oversized two-car brick garage.

1248 N Astor St1248 N Astor St
Original list price: $3.65 million
Sold price: $3.15 million
Built in 1886 on a 29-foot lot, this architectural gem in the Gold Coast is located on one of the city’s most prestigious blocks. The three-story limestone home spans 8,000 square feet with six bedrooms and 6.1 baths. Period details brings a certain stately dignity to this home, such as a wide foyer with custom millwork, a restored original staircase, a beautifully restored fireplace and a wood-paneled library overlooking Goudy Park. The floorplan offers generous room sizes, a grand living room and dining room off the kitchen, plus high ceilings and hardwood floors throughout. You’ll even find the most coveted feature of any Chicago property: spectacular lake and city views.

This home also sold for well below the asking price—a whopping half million dollars.

2022 W Moffat St2022 W Moffat St
Original list price: $2.395 million
Sold price: $2.33 million
The final top sale from January was another brand-new build, this one made to be a 4,800 square foot contemporary dream home. The home was built on a hard-to-find 36-foot lot, which allows for an incredible floor plan with huge windows in the living and dining area that bring in southern light all day. A massive, open-concept living and kitchen area opens directly to a 30-foot long terrace and enormous roofdeck for the best in indoor-outdoor living. Upstairs, the second floor boasts four bedrooms and three baths, plus laundry; the master suite includes a sumptuous spa-like bath and massive walk-in closet, and on the lower level you’ll find a rec area complete with wet bar. Features aside, the location of this home can’t be beat, as it’s right off of Damen in Bucktown and within walking distance to parks, restaurants and shopping.

The top sales for January saw a mix of vintage stunners and contemporary new builds. This is one of my favorite things about Chicago real estate—if you’re a luxury buyer, you can find something that fits your taste, whether that’s old-world charm or new-age modern or something in between.

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

Single-Family Luxury Home Sales in Chicago Down for February

We finally saw some of the typical winter slump among Chicago luxury real estate in February, specifically among single-family homes. Only 17 luxury homes–those sold at $1 million or above–closed in February, which was a considerable decrease from the 29 homes that sold the month prior. Total luxury home sales were just over $30 million for February.

This is also in comparison to the luxury condo market, which in February saw its 3rd consecutive month of excellent sales (more on that tomorrow). It appears the single-family luxury market isn’t as strong as the market for Chicago condos.

Chicago Luxury Homes that Sold in February
Still, there are a few noteworthy points among February’s luxury home sales. I think it is especially interesting that 3 of the 5 most expensive homes sold were vintage homes–two found in the Gold Coast and the third in historic Wicker Park. Vintage homes usually spend more time on the market, especially in a time like now when buyers are really gravitating toward new construction.

However, I’ve been noticing that vintage homes that have been redone are now moving quite fast. The inventory for all redone, vintage luxury homes is likely low, so I’d think the vintage buyer is more willing to come up in the price for a property that could be like-new but still has the vintage charm they were looking for.

Here’s a detailed look at the top 5 most expensive Chicago luxury homes that sold last month, in descending order:

1909 N Fremont
Original list price: $3.295 million
Sold price: $3.2 million
In the heart of covetable Lincoln Park, this new construction property takes the prize for the most expensive closing last month. The all-masonry limestone home features everything from high ceilings, Marvin windows, an elevator, custom millwork and cabinetry throughout and a custom staircase. The floorplan allows for a generous 5,300 square feet with 5 bedrooms and 7 baths, including a luxurious master suite with walk-in closets. The outdoor space includes a rooftop deck with skyline views. Because this property was still in the new construction phase, the buyer did have some opportunity to customize certain features to their preference.

52 E Bellevue Place
Original list price: $3.75 million
Sold price: $3.1 million
A Gold Coast beauty built in 1885, this home is a red brick Georgian with a stunning floorplan. Spanning a whopping 6,070 square feet, there is space for a nanny or in-law apartment in the home’s lower level, plus 5 bedrooms and 4.5 baths on the additional levels. The interior features 10.5-foot ceilings on the living/dining level, plus oversize windows that bring in generous natural light. Other highlights include a totally enclosed patio yard space, a tandem 4-car garage, separate master bedroom level, and sky-lit foyer–not to mention, a truly wonderful location in Chicago’s Gold Coast.

63 E Bellevue Place
Original list price: $3.325 million
Sold price: $2.965 million
This updated home began as a turn-of-the-century Victorian and retains an impeccable adherence to period details with modern updates, such as an in-home theater, Smart Home technology and an elevator. The 5,020-square foot interior boasts Brazilian cherry/walnut inlay floors, a sumptuous master suite on the top floor and 8 gas fireplaces. It’s location also puts you steps away from Oak Street Beach and Gold Coast’s bevy of restaurants, shopping and services.

2046 W Pierce Street
Original list price: $2.48 million
Sold price: $2.3 million
Another old-meets-new Chicago luxury home: This Beau Victorian mansion was recently modernized in historic Wicker Park. The result is old-world ambiance from the home’s architecture infused with style and warmth from a fully-finished living room, added 3rd floor and much more. Its location on an extra-wide lot allows for 6,000 square feet with a grand, fully equipped kitchen, skylight walkway and huge master suite with European showers.

3020 N Kenmore St
Original list price: $2.125 million
Sold price: $2.215 million
This builder-sold home in Lincoln Park gave the buyer the chance to build on a 37.5-foot-wide lot (1.5 times the standard size). The home’s plan included 5,700 square feet of living space, a large yard and 3-car garage, but because this was a builder’s property, the buyer can take the opportunity to make any customization they’re looking for and essentially build their dream home from the ground up.

Even in a winter-logged market, I encourage any homebuyer to take a close look at the prior month’s real estate sales. This gives you an understanding of what’s on the market at what price. Having a grasp on that information can give you the upper hand when evaluating potential homes to purchase and making offers.

If you’d like more information on last month’s single-family home sales in Chicago, including additional images and details, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

September’s Most Expensive Chicago Homes Sold in The Gold Coast, Lincoln Park and Lakeview

A few of the city’s favorite neighborhoods continued to be where the action was in September, which saw $74 million in sales of 47 single-family luxury homes (those sold at $1 million and above). The range for September’s home sales started at $1 million and went up just shy of $3 million.

Similar to what we saw in August, much of the high-end home sales are in the $2 million dollar range. Earlier in the year, it was not uncommon to see ultra-luxury transactions month to month—those selling for $4 and $5 million. But the last few months, luxury real estate in Chicago has gravitated toward the low $2 million to upper $2 million range. Still in the luxury category, but not quite the extravagance that we were seeing regularly just 6 months ago.

Home sales in September also continued to be clustered in some of Chicago’s best neighborhoods: Lincoln Park, the Gold Coast and Lakeview. These are communities that are never absent from the luxury home list, and it’s not a mystery as to why. Here are a few reasons buyers love these areas:

Lincoln Park: These tree-lined streets are coveted for their neighborhood feel and proximity to great schools. It also offers all of the conveniences of city living, as getting downtown is a breeze and boutiques, cafes and more are right outside your front door.

Gold Coast: Close to downtown, the Gold Coast exudes luxury, with elegant vintage brownstones and high-end shopping and dining.

Lakeview: This expansive area is the best of both worlds—quiet streets lush with trees, but a stone’s throw away from eclectic urban living, with never-ending dining and entertaining options.

With more and more buyers looking for great schools, great location and high-end properties, it’s no wonder that these neighborhoods have continued to be popular in each month’s home sales.

Chicago Luxury Homes Sold in September

Here is a more detailed look at the top 5 most expensive home sales in September, in descending order:

2628 N Lakewood Ave
Original list price: $3.095 million
Sold price: $2.995 million
This stunning 5-bedroom Lincoln Park home is on a huge double lot (60 x 125 feet) spanning a total of 7,500 square feet. The home itself is a generous 6,000+ square feet with a number of finer details like gorgeous wood beams, vaulted ceilings and exposed brick. A chef’s eat-in kitchen features granite and stainless steel appliances. The loft style home also boasts a fully finished lower level, wine cellar, 3-car attached garage and private landscaped garden space.

1809 N Sedgwick
Original list price: $3.295 million
Sold price: $2.9 million
A new construction property in the Old Triangle, this spectacular home is a rare find for this area. Built with Smart Home technology and stunning finishes, this 5,826-square foot home features a large living and dining room, gourmet eat-in kitchen, 4 bedrooms, and a turf roof deck with skyline views. The lower level includes 2 additional bedrooms, a large family room, an arts and crafts room and a gym. Plus, this Old Town home is in the highly desirable Lincoln School District.

3539 N Bosworth
Original list price: $2.799 million
Sold price: $2,691,800
This show-worthy home was fit for publication—it was literally just featured in Chicago Magazine. Built by Barret Homes, this stunning new 6,500 square foot brick/limestone home in the Southport Corridor is on an oversized, 37.5-foot lot. The details inside include custom cabinetry and solid walnut drawers, Wolf and SubZero appliances, and Ann Saks, Paris Ceramics and Waterworks in the bath. The luxury continues outdoors with snow melt, an outdoor kitchen and fireplace and a heated, attached 3-car garage.

1911 N Fremont
Original list price: $2.995 million
Sold price: $2.6 million
A beautiful limestone single-family custom Limestone home in the heart of Lincoln Park, this home comes with all of the bells and whistles. This home showcases fantastic finishes throughout, including hardwood floors and a custom staircase, millwork and built-ins. Outside are heated stairs and sidewalk, a professionally landscaped rooftop deck with skyline views and a hot tub and sought-after yard space. The interior is highlighted by a gourmet eat-in kitchen, family room with coffered ceilings and designer baths.

1250 N State Pkwy
Original list price: $2.45 million
Sold price: $2,323,300
This vintage home dates all the way back to 1872, but with the conveniences and elegance of today’s luxury living. A row house in the Gold Coast, the home features architecturally significant European-style limestone on an extra deep (131 feet) lot. Four stories inside include 6 bedrooms, an entertaining and living space, 4 fireplaces, 12-foot ceilings and huge floor-to-ceiling windows. On the outside, the front and backyards have been professionally landscaped in addition to a garden and patio.

To learn more about the best neighborhoods for luxury real estate in Chicago or to see more of September’s home sales, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Chicago’s 5 Most Expensive Homes to Sell in April Found in Lincoln Park and The Gold Coast

Looking at Chicago homes for sale that closed during April, there’s a slightly different trend than we saw in the month prior. Of the 33 closings on luxury properties, only three sales were over $2 million; 20 ranged from $1 million to $1.5 million, and 10 fell between $1.54 and $1.87 million.

Buyers and sellers alike should be keeping an eye on Chicago real estate listings and what’s selling for what price. To obtain the most up-to-date information, including photos for luxury homes, click here and fill in the sales parameters you’re looking for. The most recent listings will come to your inbox as soon as matching properties come on the market.

Chicago Luxury Homes Sold in April

Total single-family luxury home sales in April topped $48 million. Here’s a detailed look at the top 5 closings, in ascending order:

2642 N Wayne Chicago2642 N Wayne Ave
Original list price: $1.849 million
Sold price: $1.75 million
This Chicago new construction home is found on a quiet tree-lined street in the heart of Lincoln Park. With six bedrooms and spanning 5,400 square feet, this home offers plenty of space, with the entire floor dedicated to the master suite. There is also ample outdoor areas with multiple decks, including above the garage and one off of the huge family room. A top-end chef’s kitchen includes a butler’s pantry and the lower level boasts a wine cellar. Throughout the home is custom woodwork, high ceilings and several fireplaces.

2641 N Wayne Chicago2641 N Wayne Avenue
Original list price: $1.995 million
Sold price: $1.865 million
Like the above home, this property is a rare find, being a newer construction home on a fantastic block in Lincoln Park. This 5,000-square foot 6-bedroom home has dramatic 21-foot ceilings in the 2-story living room, bringing in tremendous light. The kitchen features all stainless steel appliances, while the full-floor master suite offers a custom walk-in closet, sumptuous bath and access to a wet bar that overlooks the roof deck and hot tub. On the lower level is a media room, wine cellar and wet bar, and an elevator provides access to all floors.

1912 N Burling Chicago1912 N Burling St
Original list price: $2.3 million
Sold price: $2.1 million
Another Lincoln Park stunner, this contemporary home has everything from fabulous outdoor space, to top-of-the-line appliances to an attached 2.5-car garage. Hardwood and limestone floors run throughout the home, which also features a cook’s kitchen, several outdoor decks, and a master bedroom suite with amazing closet space and a steam shower.

2654 N Mildred Ave Chicago2654 N Mildred Avenue
Original list price: $2.995 million
Sold price: $2.7 million
The fabulous features in this home earned it a spot in CS Interiors. On an oversized lot with generous space: 6,400 square feet, an attached 3-car heated garage and three outdoor entertaining spaces. Additional features like a heated exterior walkway, Smart Home system and two laundry areas take this Chicago home to a new level.

66 E Cedar St66 E Cedar St
Original list price: $3.6 million
Sold price: $3.1 million
After a renovation with the highest quality materials, this 6,400-square foot vintage residence in the Gold Coast became one of the most prestigious properties on the block. The renovation combined with the home’s vintage charm add up to the utmost elegance in a Chicago home: dentil moldings, a grand staircase, mahogany floors, a marble fireplace and extensive built-ins. A custom kitchen and family room leads to a private, lushly landscaped patio, while the upper levels feature a master suite with office and terrace, plus a roof deck.

Be sure to bookmark this blog and check back for updates on the latest real estate news in Chicago’s most coveted luxury neighborhoods, like Lakeview, Lincoln Park and The Gold Coast. Each month I take a close look at the luxury homes that sold in the month prior–something I recommend buyers and sellers alike to follow so they can gauge the types of homes and prices that are moving on the Chicago real estate market.

For more details on the single-family homes or Chicago condos that closed in April, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Luxury Vintage Real Estate in Chicago's Gold Coast

Nestled on one of the most beautiful streets in Chicago is a completely renovated and absolutely gorgeous vintage property – 1538 North Dearborn, located in the Gold Coast, one of the most prestigious neighborhoods in Chicago. If you are looking for prime Chicago real estate, checking out your options in the Gold Coast is an absolute. After all, these Chicago homes are minutes from the lakefront, Michigan Avenue, and the Loop, and Gold Coast residents can enjoy world class dining, shopping, museums, and entertainment right in their neighborhood.

The home is a  historic three story brownstone with a total of 6000 square feet of living space – there would be plenty of room for the whole family as well as guests with six bedrooms and five and half baths.  Also included are nanny’s quarters, which can be repurposed as a guest if/when the kids are all grown up. Hardwood floors are featured throughout most of the home except for the fullly finished basement.

One of the many elements that sets this Chicago single family home apart is the stunning family room that overlooks a beautifully landscaped garden ideal for garden parties and BBQ’s with family and friends. Enjoy summer days laying in the sun and nights relaxing in your own private garden – there are not many gardens like this in the whole city, let alone in the Gold Coast.

Other amenities in the home include six fireplaces, an elevator, a security and intercom system, separate dining room, and a two-car garage.  If you’re in the market for a luxurious Chicago home, this property is simply not to be missed.

For information on this Gold Coast Chicago home or similar properties, contact Chicago real estate agent Sheldon Salnick by calling (312)264-5853 or emailing ssalnick@dreamtown.com.