Single-Family Luxury Homes Sell Well in April

Looking at the April numbers, Chicago’s luxury market sales are up, and I’d predict that the rest of spring should continue to be a “seller’s market.”

Last month, 11 of the properties sold were in the “ultra-luxury” class, meaning luxury single-family homes that sold for $2 million up to $4.775 million. Of the top five most expensive sales, two were in the $4 million range and one was in the $3 million range. In total, April saw 64 luxury single-family homes sold for a total sales volume of $103 million. It’s safe to say that extremely high-end homes saw healthy sales, and that the initial trend appears to indicate a strong spring luxury market in Chicago.

It’s also safe to say that luxury buyers are gravitating toward a key feature: space. As we’ve seen consistently over many months, two of the top five Chicago home sales for last months were properties that are on above-standard-size lots. The extra space allows for more interior space and larger room sizes, which makes transitioning from suburban living to the city much easier.

With that, here’s a look at the top five homes that sold last month, beginning with the most expensive:

1702-N-Burling-St-Chicago-Single-Family-Home-Front-Door-21702 N Burling St
Original list price: $4.775 million
Sold price: $4.775 million
This brand-new construction property in Lincoln Park didn’t have too many details to speak of, but it was built on an extra-wide (36 feet) lot, which is a key feature when it comes to luxury properties. The 8 bedroom, 5. 2 bath spans 7,300 square feet and is in a great location one block east of Halsted in the Lincoln Park school district.

astor1400 N Astor St
Original list price: $4.995 million
Sold price: $4 million
Built in 1886, this Gold Coast home on Astor Street is the epitome of sophistication. The historical integrity of the home has been maintained through a number of renovations and additions that have updated the home for modern living. Inside, you’ll find a number of gorgeous details like a grand foyer with custom millwork, mahogany paneling, parlor with original built-ins, marble fireplace and more. The second floor includes 4 large bedrooms, each ensuite and with ample closet space. The master suite has a rotunda, three walk-in closets, white wood paneled bathroom with double vanity, soaking tub and separate shower. The third floor is idea of a nanny / au pair suite or playroom, fitted with two additional en suite bedrooms.

dayton2243 N Dayton St
Original list price: $3.595 million
Sold price: $3.33 million
On the outside, this home is a beautiful 1900s limestone façade; but on the inside a stunning new construction property awaits, having been completely gutted down to only the four exterior walls. This Lincoln Park home is more than 6,200 square feet, with an extra-wide interior that includes six bedrooms, a large master suite with two walk-in closets, an office, exercise room, large third-floor rec room, lower-level media room and 5.2 baths. The top-of-the-line finishes used throughout include marble tile, custom millwork, designer lighting fixtures and Lefroy Brooks plumbing fixtures throughout. A roofdeck with fireplace sites over the oversized 2.5 car garage, while a penthouse room offers roof access with city views. The location of this home is on a quiet, tree-lined street, just steps to Halsted and Armitage, where you’ll find shopping, restaurants and more.

willow612 W Willow St
Original list price: $2.999 million
Sold price: $2.725 million
Designed by Booth Hansen, this extra-wide home in Lincoln Park is one of a kind. A wide, open main floor plan brings in incredible natural light to its 5,500 square feet and six bedrooms. The chef’s dream kitchen includes Wolf and Subzero appliances, steam oven, and large additional butler’s pantry. The main level opens up to a gorgeous terrace with built-in grills and irrigated planters. A huge master suite has city views and expansive walk-in closet. And the coup de grace is a truly unbelievable rooftop deck, with built-in bar, grill, outdoor television, spa, and the best views of downtown. The home is also located in the Lincoln School district, a covetable feature for parents of school-aged children.

belden456 W Belden Ave
Original list price: $2.995 million
Sold price: $2,620,612
A historically landmarked home updated for modern living is the best of both world’s in Chicago real estate. This 6 bedroom, 5.2 bath home spans a whopping 7,600 square feet, located on a 50 x 130-foot lot in East Lincoln Park. The home boasts a number of historic details—original stained glass windows, fireplaces, doors and shutters—while accommodating modern living and design. Other features include oak floors, custom lighting, oversized windows, an elevator, two decks and professional landscaping. The lower level is currently a 2,200 square foot unit that could serve as a rental or be incorporated into the home, with 3 bedrooms, 2 baths, formal dining room, family room, living room, two patios and laundry room.

It’s a great idea for buyers to be familiar with the most recent home or condo sales to adequately prepare for your own purchase. Understanding the types of properties that sold and for what price will give you an idea of what to expect. I’m happy to show you photos and additional details of the properties that sold last month. Contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Ultra-Luxury Homes Still Trending Among Chicago Home Sales in November

It’s not surprising that sales among luxury Chicago homes were down in November, with 32 $1 million-plus homes sold for a total of $50 million. However, we still saw a continuing trend from October, which was sales that favor the buyer, with deals closing at significantly lower prices than the original list price.

In November, four out of the top five homes sold were sold at at least $100,000 less than the original listing price. The discrepancy is a sign that sellers are being more flexible and realistic in getting their properties sold before winter officially moves in. And these homes are moving quickly—the top five homes sold in anywhere from two to 102 days. Sellers may not be willing to keep their homes on the market in order to hold out for their asking price.

Trends Among November Home Sales

Because this isn’t prime real estate season, there weren’t as many ultra high-end sales that we’ve seen in the last few months. The top sale was a modest $3.5 million. But one consistency we’ve continued to see is buyer’s gravitation toward properties on extra-wide lots. Four out of the top five sales were on lots larger than the typical 25 feet x 125 feet.

With that, let’s take a closer look at the top luxury Chicago homes that sold last month, in descending order:

21122112 N Sedgwick St
Original list price:
$3.45 million
Sold price: $3.45 million
This vintage home was gutted and awaiting renovation—the luxky buyer would have the opportunity to create their dream home in a coveted location in Lincoln Park. Situated on a 50 x 124 foot lot, the home was built to be 6,000 square feet but zoned to be expanded beyond 10,000 feet—all decisions the buyer will be able to make themselves. Features of the property include a four-car garage, hugh ceiling heights and amazing roof views.

12431243 W Wrightwood Ave
Original list price:
$2.95 million
Sold price: $2.8 million
This new construction home is a completely refreshing, unique design on a 37.5 x 125 foot lot. Inside is an amazing layout for everyday living and entertaining, with gracious room sizes and a custom eat-in kitchen. The kitchen’s details include quartzite countertops, dual Subzero refrigerator/freezers and a butler’s pantry. To make the most of Chicago summers, this home has over 1,500 square feet of outdoor space, including a huge raised patio, lush backyard and secluded rooftop terrace. The lavish master suite has an amazing closet space and true spa-like bath, and four generous-size bedrooms all sit on one level.

172172 W Eugenie St
Original list price:
$2.75 million
Sold price: $2.525 million
While this home is on a narrow lot—25 by 75 feet—it still spans more than 5,000 square feet with four bedrooms and 5.2 baths. This Lincoln Park/Old Town gem has been fully remodeled, including premium hardwood floors, designer light fixtures and hardware, elegant crown moldings and wainscoting throughout. The dream chef’s kitchen includes an imported French La Cornue oven range and stunning 8-foot kitchen island. There’s plenty of natural light inside and a rooftop deck with city skyline views outside. And finally, the great location is on a corner lot, tree-lined street just steps from beaches, parks, shopping, entertainment, dining and more.

431431 W Superior St
Original list price:
$2.699 million
Sold price: $2.51 million
This rare find in River North’s mansion district went through a full renovation in 2012 and has been meticulously maintained. Spanning about 7,000 square feet, it has been customized to perfection, featuring Brazilian cherry floors, a gourmet kitchen with two islands and Italian cabinetry, spa=like baths and an elevator to all floors. A central atrium and high ceilings brings in amazing sunlight throughout. On the top floor, a lavish master suite includes a kitchenette and two private terraces.

15421542 W Nelson St
Original list price:
$2.285 million
Sold price: $2.170 million
Another extra-wide (35.8 feet) corner lot, this beautiful brick custom home is full of remarkable details: Extensive millwork, gracious room sizes, high ceilings, oversized doors and windows and built-in custom cabinetry. On the second floor, you’ll find a sun-filled master suite with sitting room, fireplace, walk-in closet and lavish spa bath; laundry room; and three additional bedrooms. The penthouse level features an ensuite bedroom and a dreamy play space. On the lower level is an entertainment area, wet bar, office, laundry, bath, mudroom, abundant storage and an ensuite bedroom. This home also boasts spectacular outdoor spaces: three decks, plus a brick paver patio for play or car parking.

For additional information on the Chicago luxury 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.

December Luxury Sales Recap $13.3 Million Home Sells on Burling St. In Chicago’s Lincoln Park

Even with winter underway and the holidays in full swing, luxury home sales didn’t take a winter break here in Chicago. There was plenty of luxury to see among $1 million and $2 million homes that sold, plus one standout property that stole the show: a $13.3 million estate on Burling Street in Lincoln Park. But, more on that in a minute.

Overall, December saw a total volume of $82.6 million in sales of luxury homes (those sold for more than $1 million). Eleven of the luxury single-family homes that sold went for more than $2 million. That was a healthy number, especially for this time of year, considering it’s typically packed with family and travel and not so much with purchasing real estate.

Ultimate Luxury in Chicago’s Lincoln Park
Staying true to the trends we’ve seen among luxury real estate sales, December’s single-family home sales were full of large lots, ample square footage and the ever-enviable new construction. Here’s a detailed look at the top five sales in December, starting with that stunner in Lincoln Park:

image1955 N Burling St
Original list price: $18.75 million
Sold price: $13.345 million
It’s likely that there’s not a home in Chicago or in the suburbs that quite compares to this Lincoln Park estate. Located behind private walls on a whopping FIVE city lots, this is a single-family home that includes all of the sought-after amenities you might look for in a luxury condo. An award-winning indoor pool and spa, a home theatre, a 6-car garage, gym, wine room and staff rest area are just a few of the ultra-unique spaces that make this property a true estate property. With 20,000 square feet of living space, 6 bedrooms, 8.5 baths, a separate 2-bedroom guest house and incredible lawns and garden spaces, this property is more than simply a home, but a lifestyle that far exceeds even the most discriminating expectations. It even sold to an all-cash buyer.

Burling Street is known for its McMansions, and many of the homes on this block offer the best of the best among single-family homes in the city. The surrounding area includes streets like Howe and Orchard, which also have a number of new construction projects popping up to offer luxury buyers an opportunity to live in this coveted area.

Now is actually a great time to take a closer look at these three blocks in Lincoln Park if you’re in the market to buy. Working with luxury clients on new construction projects is a specialty of mine, and I would be happy to introduce you to the neighborhood and take a look at what’s being built.

image1733 N Wood St
Original list price: $3.65 million
Sold price: $3.597 million
At 46-feet, this is another extra-wide lot for a custom-built home that is only a few years old. Built on a premiere block in Bucktown, this 6-bedroom, 5.1-bath home features 10-foot ceilings, a large rec room, a lush 1,500 square foot yard, elegant millwork, built-ins and more among elegant, traditional décor. It was snapped up by a buyer before the listing sheet even made it off of the printer.

image458 W Deming Pl
Original list price: $3.35 million
Sold price: $3.35 million
This extra-wide lot provides more than 25 extra feet beyond the standard size lot, and that extra space means lots of room to live inside. This home’s 6,200 square feet spans over 6 bedrooms, 5.2 baths, a state-of-the-art master chef’s kitchen and much more. The details throughout this home make it a perfect blend of classic elegance and modern luxury, with features like an elevator, custom millwork, private terraces, and exercise room and an attached 2-car garage.

image1901 N Dayton St
Original list price: $3.05 million
Sold price: $2.9 million
“Room to grow” was a major selling point for this Lincoln Park property, which was custom built on a corner lot with 6,000 square feet of living space inside. A lavish living room flows into the dining room, kitchen and family room, allowing for open-space living. The 5 bedrooms could easily convert to 6 with a lower level that could be transformed into an au-pair suite. And a master suite features an enormous walk-in closet and immaculate bath. And those are just on the inside. On the outside, you’ll find spectacular outdoor areas, with a split-level deck over the attached garage plus two private decks on the third floor.

image3637 N Wayne Ave
Original list price: $2.95 million
Sold price: $2.9 million
Located on an extra-wide lot on a great block in the Southport corridor, this is yet another new construction home that was built with a thoughtful floorplan that allows for bright and spacious living throughout. And one great advantage for the buyer of this home was that they had some time to customize the home to their liking as it wen through the final stages of building. Spanning 6,300 square feet, 4 of this home’s 6 bedrooms sit on the second floor, making it ideal for family living. Other features include a quality chef’s kitchen, custom millwork, 5-inch-wide plank floors, spa-like master bath with beautiful tile work, multiple outdoor space and attention to detail and quality on each and every finish and fixture.

It will be interesting to see if January brings a typical seasonal slowdown or to see if buyer’s continue to make moves on luxury real estate in Chicago despite the winter chill. If you’re considering a real estate purchase, think about getting serious before the spring pick-up is in full swing and you’re faced with plenty of competition in the market. To see what’s on the market now or to check out some of Lincoln Park’s up-and-coming new construction projects,, contact me at (312) 498-5080 or email me at ssalnick@rubloff.com.

May Luxury Single-Family Homes Hit $59 Million

Ultra high-end homes are once again ruling the luxury market. The top five homes sold in May were all on the higher end of the spectrum, with four our of five topping $3 million and the most expensive selling for $5.875 million. Total sales of luxury homes (those sold over $1 million) in May totaled $59 million.

As I’ve told many of my clients, when it comes to luxury properties, there are certain features that come at a price. The most expensive homes have a number of things in common, but one feature in particular is popping up more than ever: turn-key homes that don’t require nay work to be done before moving in. Even better if the home is new construction or newly renovated.

New and almost-new homes are definitely at the top of buyers’ wish lists, which means they move especially quickly, as did the homes sold last month. Among the top five, each was sold in record time, the longest being just 21 days. For upscale properties, the time to sell is going down—but prices are going up.

Here’s a look at the top five luxury homes to sell in Chicago during the month of May:

image1207 N Astor St
Original list price: $5.875 million
Sold price: $5.875 million
On an extra-wide lot (27 x 107 ft), this fantastic home on storied Astor Street features 7,500 square feet, 6 bedrooms and 4.1 baths that have all been renovated to include high-end finishes and fixtures, radiant heat and home electronics. A great room stretches up to a 20-foot ceiling with a stone fireplace, while a sun-filled penthouse features a skylight and 2 terraces. The terrazzo floored lower level features a media room and wine room.

image2138 N Hudson Ave
Original list price: $5.2 million
Sold price: $5.1 million
This single-family home takes “extra-wide lot” to the next level with a lot that’s twice the standard 25 feet wide, allowing for a whopping 8,000 square feet of living space. That alone makes it atypical of a city home, but the large yard, park-like setting and abundant natural light make it feel almost like a vacation getaway. Inside you’ll find 5 bedrooms, a huge eat-in kitchen with high-end finishes, dining terrace off of the great room, two-story library, spa-like master bath on the top level and an attached 3-car garage.

image43 E Division St
Original list price: $4.5 million
Sold price: $4.15 million
This 5,500 square foot Italianate home hails from the 1870s—but has been fully revamped for contemporary living in 2015. The property includes coach house spaces that can be used as in-law quarters or even a separate living space entirely. Other features include a heated sidewalks, stone floors and 2-car garage, expansive storage and 2 additional outdoor parking spaces.

image2238 N Magnolia Ave
Original list price: $2.849 million
Sold price: $3.05 million
This sparkling new construction single-family home is on one of Lincoln Park’s finest one-way streets. The spectacular floor plan allows for superb natural light and is complemented by an array of feature: designer selections throughout, an amazing chef’s kitchen with integrated appliances and modern millwork. The great outdoor space includes a backyard, garage roofdeck, covered/open rooftop deck, great neighborhood views, outdoor grilling station and fireplace and heated steps and rear patio.

3646 N Lakewood Ave3646 N Lakewood Ave
Original list price: $2.395 million
Sold price: $2.3 million
Yet another Chicago new construction, this home was built by Bloomfield Development just steps from Southport Corridor and Blaine Elementary, one of the top (and therefore most sought-after) schools in the city. With a full masonry/brick construction that built a handsome exterior, the 4,800 square foot interior boasts 6 bedrooms, 5.1 baths, custom millwork, a SubZero/Wolf appliance package, hardwood flooring, lower level radiant heat and more. The home’s outdoor space includes a raised patio with fireplace and a rooftop deck with outdoor room.

With high-end luxury homes in Chicago moving so quickly on and off the market, it’s important to keep up with the current listings. What’s for sale today could be very different from what’s for sale tomorrow. If you’d like to keep an eye on a particular neighborhood, type of home, or particular features, give me a call and tell me what you’re looking for. Contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Chilly November Doesn’t Stop Chicago Luxury Home Sales

While last month’s sales numbers certainly showed signs of a seasonal slowdown, sales for luxury homes held relatively steady in November, especially considering the arrival of snow and the start of the holiday season—two things that typically contribute to near radio-silence on the real estate market.

But sales didn’t stop entirely, and November saw a total of 30 luxury homes sold (those priced at $1 million and up) for a total of $50 million. If the December market sees relatively strong sales as well, I am anticipating that the spring 2015 market should be rather strong for Chicago luxury real estate.

Chicago New Construction Sells in November

Of the top five most expensive homes to sell last month, the majority of them were new construction—brand new homes, a few of which were still in development and allow the buyer to work with the developer to complete. Since new construction is still fairly light compared to what it once was, these homes seem to move very quickly on the market.

Another trend among last month’s sales was how real estate is being bought. High-end real estate buyers are becoming more apt to take out a mortgage for their home purchase, rather than using cash. We’ve discussed a few times this year that banks have made it especially easy for wealthy buyers to obtain a jumbo mortgage and retain their cash assets.

Here’s a more detailed look at what helped sell the top 5 most expensive homes last month:

18701870 N Orchard Street
Original list price: $4.975 million
Sold price: $4,883,623
New construction was a major part of last month’s luxury sales, and this brand-new home from Environs Development helps showcase why. Built on an extra wide, extra deep lot in Lincoln Park, the home boasts 6 bedrooms, 7,260 square feet and a huge backyard. An elevator services the 4+ floors, which are topped with a massive penthouse roof deck that offers exceptional views of the city. Because this home was still being developed, the buyer had the opportunity to work with the developer on the final floor plan and façade and customize it just to their specifications.

4141929 N Cleveland Avenue
Original list price: $3.75 million
Sold price: $3.525 million
Nestled in East Lincoln Park, this single-family home was just renovated to offer 6,400 square feet, 5 bedrooms and significant upgrades throughout. A spacious interior includes dramatic ceiling lights, a den with built-in office, new bathrooms and an attached garage. The outdoor space is ideal for entertaining, with an outdoor kitchen and a private landscaped garden deck with wood-burning fireplace.

21512151 N Magnolia Avenue
Original list price: $3,050,000 million
Sold price: $3,007,500
This just-built home sold even before the listing was printed, and it’s easy to see why. On a quiet, tree-lined street, the all brick and limestone home features 5,200 square feet of luxury: custom cabinetry and millwork throughout, professionally designed natural stone baths, tremendous outdoor space, and an oversized two-car garage.

19231923 W Wabansia Avenue
Original list price: $2.995 million
Sold price: $2.75 million
This contemporary new construction home has a long list of things to love about it: 1,400 square feet of private outdoor space (including roof decks and a private garden), a dramatic staircase, a custom kitchen with commercial-grade appliances, Duravit and Grohe fixtures, radiant heated flooring, a steam room, a lower level wine cellar and bar that leads to an outdoor fireplace, and a 3.5 car garage.

414414 W Grant Place
Original list price: $2.95 million
Sold price: $2.375 million
Located on an extra-wide corner lot, this luxurious Lincoln Park home is bright and airy, thanks to floor-to-ceiling windows and a 3-story atrium with a huge skylight. The architecture is highlighted by modern, clean lines, with details like oak hardwood floors, a custom Poliform kitchen with a dome skylight, and a private elevator that services all 3 stories. The home’s 4,885 square feet includes 4 bedrooms, each with an en-suite bath.

If you’re shopping for Chicago mansions or a luxury single-family home, contact me to see what’s on the market and what might be available for your budget. 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.

Chicago’s Lincoln Park Is Where It Is Happening: 4 Of The Most Expensive Luxury Homes Sold In The Neighborhood

When it comes to homes that move quickly on the Chicago real estate market, there are a few factors we almost always see at work.

One is new construction. Brand-new properties are still somewhat hard to find, and high-end buyers are gravitating toward newly developed homes or those that were built in the last several years.

Another is space. Not just square footage, but lot space as well. A standard lot in Chicago are 25 x 125 feet, and amping that up or even doubling it guaranteed to draw buyers in. One of the homes sold this month was on a 50 x 124 foot lot, which means huge rooms inside and a large yard in the back.

And finally, buyers want that extra something that simply stands out. Maybe it’s jaw-dropping outdoor space, a grander than grand staircase or impeccable details in the architecture.

The most expensive single-family home sales in July each showcased one of more of these sought-after features. With 46 luxury Chicago homes sold (those priced at $1 million or higher), luxury sales totaled more than $76 million during the month. And about 20% of those sales were homes that sold for more than $2 million.

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

468 w huron468 W Huron St.
Original list price:
$4.1 million
Sold price: $3.85 million
Another absolute stunner, this 10,000 square foot home is ideal for private, sophisticated living and entertaining on the north side. Featuring 6 bedrooms, 6 baths, an elevator, 5 fireplaces, a 58-foot spiral staircase and a 3-car garage, the living space offered by this home in unmatched.

2643 N Dayton St2643 N Dayton St.
Original list price:
$3.999 million
Sold price: $3.8 million
New construction in Lincoln Park is hard to come by, and the features of this home make it all the more covetable. With more than 8,100 square feet on a double lot, this home features 6 bedrooms, 6.5 baths and remarkable details throughout. The formal living room and dining room open up to a side deck for easy entertaining, plus the massive kitchen features custom cabinets, a huge breakfast area and a built-in work station. And a finished attic offers more than 1,000 square feet of living space that can be used for guest quarters, an office, playroom and more.

2739 n lakewood2739 N Lakewood Ave.
Original list price:
$3.295 million
Sold price: $3.2 million
This bran new construction home is a stunning addition to Lincoln Park. Custom built in 2013, the home is on a 37.5” lot, making plenty of space for 6 bedrooms and 7,500 square feet. The interior features 4 large en-suite bedrooms on the second floor, a huge penthouse rec room with putting green and basketball area, a custom designed kitchen, home theater and a wine cellar. Incredible outdoor space, quality millwork throughout and radiant heated floors on the lower level are a few details that top it off.

712 w schubert712 W Schubert Ave.
Original list price:
$3.2 million
Sold price: $2.85 million
One of the most magnificent homes in Lincoln Park, this 7-bedroom beauty is on an oversized lot and spans a generous 7,500 square feet. Exceptional architectural details, upscale finishes and a unique, sophisticated floor plan take this home to the next level, along with additional features like an elevator, grand center circular staircase, and 4 fireplaces. Five outdoor spaces offer a spectacular place to enjoy the open air, with a large backyard, garage deck and rooftop deck with fireplace.

1854 n burling1854 N Burling St.
Original list price:
$2.729 million
Sold price: $2.675 million
This wide brick and limestone home in the heart of Lincoln Park was built by high-end developer Metzler-Hull, with clean and modern updates throughout. Inside you’ll find amazing architectural details, a curved staircase, arched doorways, 12-foot ceilings, 3 fireplaces and custom built-ins. Outdoors, enjoy a magnificent French garden, terrace and a huge roof deck with skyline views.

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

Luxury Chicago Real Estate Continues to Move Briskly with May Single-Family Home Sales

With inventory still fairly low in the Chicago real estate market, luxury properties with much to offer are moving quickly. The location of May’s single-family home sales are no surprise: Lincoln Park, the Gold Coast and Lakeview all topped the list of the most expensive homes sold in May. These neighborhoods are a dream for home buyers, with plenty of trees and residential-like streets, walkability to dining and shopping and within the boundaries of great schools.

There were 33 luxury homes (those priced at $1 million and above) that sold in May, totaling $57 million in sales. Here’s a look at the top 5 most expensive, in descending order.

astor1207 N Astor St
Original list price: $5.875 million
Sold price: $5.875 million
This 7,500 square foot home sits on an extra-wide lot on storied Astor Street in the Gold Coast. It was recently renovated to include high-end finishes and fixtures, radiant heat and home electronics, but the bones of the home offer much to be desired as well. An elegant living room and dining room each have their own fireplace; the chef’s eat-in kitchen features Christopher Peacock cabinetry; the great room features a 20-foot ceiling and stone fireplace; and a sun-filled penthouse opens up to a skylight and has two terraces.

hudson2138 N Hudson Avenue
Original list price: $5.2 million
Sold price: $5.1 million
A custom home stretched on an extra-wide lot in Lincoln Park, this home features 8,000 square feet on the inside and a large yard on the outside. It’s hardly your “typical” city home, surrounded by a park-like setting that floods the home with light. Inside is a huge eat-in kitchen with great finishes, an adjacent great room with dining terrace, a formal dining room, gracious living room and a 2-story living room. The master bath on the top level is spa-like, with a separate sitting room, dual closets and 2 bedroom suites.

division43 E Division Street
Original list price: $4.5 million
Sold price: $4.15 million
This 5,500 square foot beauty in the Gold Coast was wonderfully revamped into a contemporary designed space on the inside, while retaining its 1870s Italianate exterior. This home has plenty of space, from formal rooms on the upper levels to coach house spaces and a floor plan idea for living and entertaining. This home also includes heated stone floors, heated sidewalks and a heated 2-car garage to combat Chicago’s winter chill.

magnolia2238 N Magnolia Avenue
Original list price: $2.849 million
Sold price: $3.05 million
From Platinum Homes, this 4-bedroom home was a new construction property on one of the most coveted streets in Lincoln Park. The great floor plan allows for superb natural light to showcase interior highlights like the amazing chef’s kitchen or the array of designer finishes throughout. An outdoor space includes a yard, rear patio with grilling station and fireplace, garage roofdeck, and an additional covered/open rooftop deck with great neighborhood views.

lakewood3646 N Lakewood Avenue
Original list price: $2.395 million
Sold price: $2.3 million
A new construction home near the heart of Southport Corridor in Lakeview, this single-family home is 4,800 square feet of interior with a full masonry/brick construction. With 6 bedrooms and 5.1 baths, this home also boasts details like fine cabinetry, SubZero/Wolf appliances, custom millwork and hardwood flooring. The outdoor space includes a breezeway, raised patio with fireplace, and a rooftop deck with an outdoor room. It’s location near Blaine Elementary makes this a coveted property, as buyers are eager to be in the enrollment boundaries of well-rated schools like this one.

To learn more about the these recently sold properties in Chicago real estate 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.

State-of-the-Art Ovens Make for a Showstopping Kitchen in your Chicago Luxury Home

In real estate, the term luxury can be a bit relative. For one person, a certain feature or amenity could be run of the mill, while for another it could be something very impressive, depending on your background or where you’re from. But some things—think about a Bentley or a Rolls Royce-—are showstoppers no matter what, and will make most people stop and say, “Wow!”

That level of luxury has made its way into Chicago real estate, particularly in the kitchen. Between the foodie movement and kitchens becoming the “hub” of the home, this room is getting more attention than ever. To meet that demand, the “Rolls Royces of kitchen appliances” are here, matching today’s technology-embedded lifestyles with kitchen ovens that go far beyond simply “high end.” These products really up the wow factor in a kitchen, which is a space that homebuyers are evaluating carefully when considering a home purchase.

Even having sold a $5 million home, I have to look twice at these kitchen ovens and am amazed at the product features that come with it. The design is stunning–both aesthetically and functionally–and is sure to wow future buyers when you get ready to resell your home.

The Wall Street Journal recently covered 6 hot (pun intended) ovens that are hitting the market and upping the level of luxury in the kitchen. From griddles to precise food temperature, to apps, these stoves have it all. Here are a few favorites among these superstar kitchen appliances:

Viking Professional 7 Series Range: This luxury range features a wireless temperature-monitoring system, a temperature probe and a device that plugs into the range to show the food temperature as it is cooking. The temperature can also be monitored through a smartphone app from up to 200 feet away. Price: $14,699

Molteni Ranges: Talk about a Rolls Royce of the kitchen. This made-to-order French range can be made in any size, shape or configuration and can include a range of options: a pasta cooker, fryer, shelves, sinks, electrical sockets and heated or refrigerated cabinets. Residential customers have even spent as much as $140,000 to add one of these to their homes. Price: Starting at $50,000

Five-Oven AGA Total Control: This range does double duty for cooking and for warming the kitchen. A smartphone app lets users send remote commands to the appliance, which features separate ovens for roasting, baking, simmering, slow-cooking and warming. Price: $20,299

60-Inch Dual Fuel Range by Wolf: Wolf has long been a favorite among homebuyers and builders in luxury Chicago real estate (often recognized for their signature red knobs). The 60-inch Dual Fuel Range is a dual convection oven that includes two 30-inch electric ovens and 10 cooking modes, ranging from pizza stones to a dehydrator. Price: $16,865

Grand Palais 180 by La Cornue: Another French company, La Cournue is known for the vaulted shape of its oven, along with its sleek design and seemingly endless customization options. Buyers can choose from 30 colors and 12 different trims. Price: Starts at $46,000

Thermador: The Thermador Pro Grand Steam oven combines multiple cooking elements into one: stovetop burners, a griddle, a grill, a conventional oven, a warming drawer and a steam oven all live within the one appliance. Later this year, the company is expected to introduce an indoor grill with lava rocks that infuse meat with more flavor.

Focus on Kitchens in Chicago Real Estate
Whether its a fancy oven to meet every cooking need or a built-in coffee shop in your own kitchen, kitchens are certainly having their proverbial day in the sun when it comes to home design. With the attention being paid to this space by buyers and sellers alike, it’s important to keep on on kitchen trends to have a handle on what defines “luxury” in the Chicago real estate market. A stand-out kitchen could easily be what differentiates one home on the market from the next.

It’s obvious that building a “wow” kitchen doesn’t come cheap. But all things considered, putting in new features, upgrading appliances or adding that something extra are sure ways to ensure you obtain premium dollar when you’re ready to sell.