Chicago Luxury Most Expensive Homes Sold Quickly In June

Looking back at the Chicago luxury real estate market in June, there seemed to be a real need for speed. The top homes were off the market nearly as quickly as they were on—two of the most expensive properties sold within just 10 days of being on the market.

So what has buyers closing deals so quickly? It’s easy to see a few usual suspects among the features of recently sold luxury homes: wide lots, ample square footage and great neighborhoods. With a standard lot size of 25 ft x 125 feet, an extra-wide lot allows for mega square footage within a home, and many buyers want that extra space.
Lincoln Park also continues to be a neighborhood of choice for luxury buyers. Sought after for its quick access to the loop, easy bus transportation to Michigan Avenue and its host of interesting, diverse architecture, Lincoln Park has been a longtime favorite among both long-time Chicagoans and those relocating to the city for the first time.

Overall, June saw just over $138 million in total sales volume for Chicago luxury homes. The highest sale price was a whopping $4.9 million (more on that in a moment), and 17 homes sold for more than $2 million, suggesting that ultra luxury may be the new luxury.
With that, let’s take a look at the five highest-priced sales from last month, starting with the most expensive:

544WDickensAve544 W Dickens Ave
Original list price: $5.1 million
Sold price: $4.9 million
This month’s most expensive home sale has one feature we see more often than not among top home sales: an extra-wide lot. Situated on a 31-square foot lot (compared to the typical 25 feet), this home boasts 7,000 square feet of living space behind its intricate limestone façade. Soaring ceiling heights allow for grand scaled rooms and allow for tremendous natural light. The enormous living room is perfect for entertaining, with a kitchen and great room that opens up to an 850-square foot terrace. Additional details include wide-plank hardwood flooring on the main level, a fireplace in the master suite, radiant-heated entry and a library/office with a wet bar and fireplace. And the location can’t be beat: W Dickens is an upscale block in Lincoln Park, within walking distance to Parker, Lincoln Elementary, Lincoln High School and public transportation.

2224NDaytonSt2224 N Dayton St
Original list price: $2.65 million
Sold price: $4.8 million
Just steps from Oz Park and the bustle of Halsted and Armitage, this property is a renovated four-story home on one of the most beautiful blocks in Lincoln Park. The home spans 5,900 square feet with a traditional layout and open floor plan that includes a top-floor penthouse room and a lower level entertaining space.

1622NWolcottAve1622 N Wolcott Ave
Original list price: $3.995 million
Sold price: $3.75 million
An architecturally exciting contemporary home on a double lot, this Bucktown property is 7,000 square feet filled with the highest level of design and finishes. Inside, you’ll find 11-foot ceilings, 5-inch oak floors, floor-to-ceiling windows, and an ideal open floor plan. The chef’s kitchen includes Miele and Wolf appliances, Ernestomeda cabinetry and a huge cantilevered white quartz waterfall island. The spa-like master bath includes heated marble floors, custom walk-in closets, Ann Sacks tiles and an Antonia Lupi design.

455WDemingPl455 W Deming Pl
Original list price: $3.999 million
Sold price: $3.75 million
This custom built home in Lincoln Park sits on an extra-wide lot, allowing for a generous 5,200 square feet of living space. Filled with natural light, this home’s features include a 4-stop passenger elevator, high ceilings, commercial-grade appliances, a full-floor master suite, spa-like baths and more. And while it’s not uncommon for a luxury home to include an extravagant master suite, this master suite takes up an entire floor, and includes an over-sized steam shower and heated flooring. Residents of W Deming cal also enjoy full access to the amenities at 2550 Lakeview.

850WWillowSt850 W Willow St
Original list price: $3.375 million
Sold price: $3.3 million
Spanning across an extra-wide, 50 x 100 foot lot, this home has been renovated for modern living, with a new floor plan from architect firm Jean Du Fresne and design firm Jessica LaGrange. It’s 5,000 square feet boast a number of luxury features to make this property an oasis in the city: in-ground, heated saltwater pool, professionally landscaped backyard,, master suite with sensational spa bath, state-of-the-art technology throughout and more. The chef’s kitchen includes high-end appliances with Calcatta white marble countertops, a walk-in pantry and a large center island. Plus, it’s Lincoln Park location puts you right in the center of everything, from the comforts of a residential neighborhood to the activities of an urban sprawl.

Each month I recap the previous month’s sales for Chicago condos and single-family homes. For the luxury buyer, it’s important to have a gauge on the various features you might find in high-end properties and what price tag comes with them. That way when you start on your own home search, you can have an idea of what to expect and prioritize what “must-haves” will be in your future home.

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.

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.

Another Gang Buster Month for Chicago Luxury Home Sales in June

June was good to the Chicago luxury real estate market. A total of 64 luxury homes (those sold for $1 million or higher) were sold, totaling $105 million. And these homes were certainly on the higher end—13 of them were over $2 million, and the most expensive sale of the month went for $3.9 million.

There was a clear common denominator among the top homes sold: not a single one was on a standard lot. The standard size lot for a single-family home in Chicago is 25 feet x 125 feet, but many luxury homes are lucky enough to be built on a lot that is extra wide or extra deep (sometimes even both!). The extra space translates to extra square footage for the home, a more open floor plan or more expansive outdoor space. Luxury buyers are on to this trend, and I’ve had a number of clients indicate that they were searching for a home on an extra-wide lot to reap some of those benefits.

Along with plenty of space, the homes sold in June feature everything from envious outdoor space to views to impeccable details. Here’s a closer look at the characteristics of the top five sales, starting with the most expensive:

843 W Webster843 W Webster Ave
Original list price:
$4.5 million
Sold price: $3.895 million
This stunning estate in Lincoln Park sits on a double lot (48 x 125 ft) with a full limestone facade. Inside, you’ll find 6,785 square feet, including a second-level living room that stretches a whopping 42 feet wide with a large wall of windows. Throughout the home are high ceilings, northern and southern exposures and tall windows, bringing in plenty of natural light for an airy atmosphere. On the third level is a master suite with three additional bedrooms, while the first level is home to an “acoustically perfect” music room, rec room, media room or private office. The outside features a Zen garden in the front and back, and the back facade includes 3 terraces. Note, the buyer of this new Chicago home paid cash for this purchase.

1874 N Burling St1874 N Burling St
Original list price:
$3.95 million
Sold price: $3.75 million
This custom-built home sits on an extra-wide lot which affords it 7,500 square feet of interior living space. Burling is one of the most desirable streets in the city, lined with beautiful McMansions in one of Chicago’s most covetable neighborhoods, Lincoln Park. This 5-bedroom home boasts an off-the-charts level of finish, with an incredible elliptical staircase and elevator that stops on all 4 stories, including the penthouse that includes an expansive roof deck with incredible views. The chef’s kitchen includes top-of-the-line appliances while a full-floor master suite includes a spa-like bath and office.

1239 N Wood St1239 N Wood St
Original list price:
$3.5 million
Sold price: $3.1 million
Many single-family luxury homes sit on an extra-wide or extra-deep lot. But then, there’s this home, which sits on an incredible six lots, translating to over 22,000 square feet of living space. On 3 of those lots is a private garden oasis with a pond, stream terrace, walking paths and customer lighting. The interior features 3 bedrooms, 5.1 baths, a huge private gallery and a ton of open space. The second floor boasts a mahogany library, bar, offices and two large bedrooms. And on the third floor, you’ll find the master bedroom and bath, a living room/kitchen combo and a massive 58 x 56 foot ballroom.

1111 W Wolfram St1111 W Wolfram St
Original list price:
$2.9 million
Sold price: $2.7 million
Built on a 40 x 125 foot lot with a 3-car garage, this Lincoln Park home features a harmonious floor plan between the formal living room and dining room, kitchen, great room with wood-burning fireplace and much more. The huge kitchen is a chef’s dream: 3 ovens, 2 dishwashers, a 6-burner stove, full refrigerator and freezer and breakfast area. High ceilings and beautiful crown molding are found throughout.

1942 N Cleveland Ave1942 N Cleveland Ave
Original list price:
$2.695 million
Sold price: $2.55 million
This single-family Lincoln Park home spared no expense when it was built just 2 years ago. On a 25 x 127 foot lot with 5 bedrooms and 5.1 baths, this home pays unparalleled attention to every detail, from the high ceilings to the custom staircase, large open rooms, wine cellar designer Calcutta baths and more. Exterior space includes a large deck over a 2.5-car attached garage, plus a full roof top deck. It’s also in the Lincoln Park school district, a feature high on buyers’ lists so they can send their children to some of the area’s top-rated neighborhood schools.

I recommend my clients who are in the process of finding a Chicago home to review the previous month’s sales. This will give them an idea of what comparable properties are selling for and help them determine what to look for in their own search.

For more information on last month’s sales of luxury real estate in Chicago, call me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Phenomenal Sales Month for Chicago Luxury Homes in April

Spring is here, and so are the buyers. Last month’s numbers are in, and it seems that people who can afford luxury real estate in Chicago are coming out of the woodwork, which led to 56 luxury ($1 million-plus) homes sold in April. Of those 56, 15 homes sold for more than $2 million.

Trends Among Luxury Chicago Real Estate Sales

You’ll see a few commonalities among these sales, especially in location. Three of the top 5 homes sold were in Lincoln Park and 2 were in Lakeview. I am noticing that the Lakeview area is becoming popular among luxury buyers—particularly those who want larger rooms, an extra wide lot and new construction. Those features run considerably more expensive in Lincoln Park, plus land is limited, so such lots are much harder to come by.

Another trend is one we’ve been witnessing for awhile—extra-wide lots. Even a stretch of only a few feet past the standard lot size can afford a home more square footage, a more open layout and larger rooms, and these are all things buyers want in a new Chicago home. Last month’s sales in Lincoln Park are on extra wide lots and one is of the most exclusive blocks in the city.

With that, here’s a closer look at the top five most expensive sales last month, in descending order:

1874orchard1874 N Orchard
Original list price:
$5.975 million
Sold price: $5,927,483
Last month’s most expensive sale is truly special and checks off just about everything a luxury buyer is looking for. Foremost, the space is absolutely huge. At 35 feet x 131 feet, the lot is extra wide and extra deep—I might even call it extra, extra large. Plus, this street in particular lacks an alley in back, allowing the 8,530 square foot home to benefit from an attached, front-loaded garage and an enormous rear yard measuring 37 feet x 35 feet. That size outdoor space is practically unheard of in the city.

Secondly, the home was sold as proposed construction—which means brand new, plus the buyer can work with the developer to make customizations to their liking. While many details were TBD at the time of sale, there was one spectacular inclusion: a 5-stop elevator to provide access to the home’s massive penthouse roofdeck with exceptional city views. And one last (but most certainly not least) feature: the location is one of the most coveted in Lincoln Park, as Orchard is a prestigious block home to many beautiful mansions.

2032NClifton2032 N Clifton St
Original list price:
$3.75 million
Sold price: $3.5 million
Built in 1883, this brick and limestone home was recently rehabbed on its fabulous Lincoln Park block. Details inside include a custom O’Brian Harris kitchen, Calcutta Gold marble counters, walnut cabinetry and Wolf and Miele appliances. An extra large master suite includes a huge chaise lounge shower, dual vanities and custom closets, and 4 additional bedrooms feature their own private paths as well.

2017NFremont2017 N Fremont St
Original list price:
$2.95 million
Sold price: $2.775 million
This 5,000+ square foot home was a 3 flat converted into a single-family home on the ever-charming Fremont Street. Each corner was built to the highest quality, with luxe materials and finishes, limestone countertops, a gorgeous kitchen and a new lower level that could serve as a great room or guest suite. Plus, a 2-car heated garage, 3 heating/cooling zones, 4 fireplaces and 5 skylights are just a few perks throughout.

jansen3446 N Janssen Ave
Original list price:
$2.995 million
Sold price: $2.75 million
Another just-finished new construction home on an extra-wide (37.5 feet!) lot, this Lakeview home offers loads of space: 6,200 square feet and 6 bedrooms. That allows plenty of room for a huge professional-grade kitchen, massive family room, a deck above the 3-car garage and much more. Beautiful details are found throughout, from the solid brick/limestone exteriors to the interior hardwood floors, custom millwork, spa-caliber baths and radiant heated floors.

lakewood3649 N Lakewood Ave
Original list price:
$2.85 million
Sold price: $2.75 million
Six bedrooms, 6,000 square feet and a stunning addition to the Southport corridor—this Chicago new construction home has plenty to boast about. Ideally located in the Blaine School District, the home was built on an extra-wide, 30-foot lot, allowing for generous space throughout. The home features quality millwork throughout, custom designed kitchen, a penthouse rec room, smart home integration, plus radiant heat on the lower level, baths and front steps. An attached three car garage is a rarer find among urban real estate, as is the abundant outdoor space.

Last month’s sales are proof that space is a luxury among Chicago homes—buyers covet square footage as much as a prime location newer properties. And many want all three of those and more! This is why I think it’s important for potential home buyers to keep an eye on what’s selling on the Chicago real estate market from month to month. If you’ve got a big list of “wants” for your own purchase, seeing what sold for what price can help you set expectations for your budget.

For more details on last month’s single-family home sales or to see luxury homes in Chicago on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Single-Family Luxury Homes in Chicago Sold Amazingly Fast in April

Single-family luxury homes were flying off the proverbial shelves last month, with 4 out of the top 5 most expensive homes selling in less than a month.

April’s luxury home sales (those priced a $1 million and higher) totaled $57 million in sales, coming from 33 properties. Seven of those sales were more than $2 million.

Bucktown Becoming a Destination for Chicago Luxury Real Estate

Bucktown is certainly coming into its own—this Chicago neighborhood took two spots on last month’s priciest home sales. In recent months, we’ve seen a number of new construction properties sell in Bucktown, many of which take advantage of wide lots, modern architecture and happening surroundings.

Just back in January, Bucktown saw its second highest-priced sale ever at $3.1 million. The highest (before April’s sale) was $3.68 million. So last month’s most expensive home sale in the city was likely a record-breaker for the neighborhood as well.

Square Footage Sold Chicago Single-Family Home Sales in April

Chicago’s luxury homes are proof that you don’t have to head to the suburbs to get more space. Of the top five homes sold last month, every one spanned more than 5,000 square feet, many thanks to wide lots and multiple levels.

Starting with the most expensive, here are details on the top 5 home sales in Chicago last month:

1837 N Winchester Ave
Original list price: $3.895 million
Sold price: $3.7 million
April’s top sale sits on a double lot in the heart of Bucktown. It also sold in just 23 days, despite its phenomenal price tag. This one-of-a-kind contemporary estate boasts an amazing floorplan perfect for entertaining, floor-to-ceiling windows and a 2-story atrium that washes the home with natural light. You’ll also find exotic woods throughout, extensive custom cabinetry, a state-of-the-art gourmet kitchen and a spectacular lower level. The outdoor space includes a large deck and yard, with a pool and hot tub above the attached garage.

1962 N Burling
Original list price: $3.1 million
Sold price: $2.8 million
Burling is one of the most prestigious streets in Lincoln Park, but that’s not even one of the major highlights on this home. Spanning 6,500 square feet, this home is rich with luxury, including outstanding architectural details, a limestone façade, and extra-wide interior, two fireplaces and a 3-story atrium. Each room is generously sized, from the eat-in gourmet kitchen with top-of-the-line appliances, large family room with wood beam ceilings, a large terrace, and generous lower level with a rec room, 5th bedroom and bath.

3627 N Lakewood Ave
Original list price: $2.795 million
Sold price: $2.75 million
Also a newer property in the Southport Corridor, this single-family home is on an extra wide 30-foot lot, spanning 6,900 square feet in total. With 4 bedrooms and 3 baths, the home features a custom-designed kitchen, radiant heat on the lower level, baths and front steps, smart home technology and quality millwork throughout. Abundant outdoor space is another perk, not to mention the home’s location in the Blaine School District (one of the city’s best).

1858 N Paulina St
Original list price: $2.599 million
Sold price: $2.59 million
A brand-new Bucktown home, this property resets the standard of elegance and urban style in Chicago real estate. Its location on a wide corner lot allows for an interior width over 21 feet and 5,400 total square feet. A spacious, open floor plan is detailed with exemplary finishes, custom, oversized windows, industrial metal workmanship and custom mahogany. Out back is a raised yard with a fireplace for soaking in summer weather.

1316 W Henderson Ave
Original list price: $2.45 million
Sold price: $2.275 million
A generously sized 6 bedroom, 6,000 square-foot Lakeview home, this property is on an extra-wide lot and has been completely upgraded and customized. The home was just built in 2010 and was “barely lived in,” with high ceilings, a walk-in wine cellar, home theater, private patio and deck. Impressive millwork is detailed throughout, including coffered ceilings, custom cabinetry and built-ins.

If you’re in the market for luxury real estate in Chicago, take a look at the sales from the previous month to get an idea what to expect—in terms of price, location, availability and what your budget will get you in today’s market. For additional details or to see what’s on the market now, contact me at (312) 254-5853 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.

Chicago’s Luxury Single-Family Home Sales Were Gangbusters in December

The weather may have been cold, but the luxury home market was hot, hot, hot last month. The Chicago real estate market saw 43 single-family luxury homes (those priced at $1 million and higher) close for a total of $74.7 million. And those homes didn’t skimp on luxury. The most expensive home sale clocked in at $9.035 million.

This is big news for December, a month that is typically rather slow and uneventful when it comes to real estate in Chicago. But last month was clearly an exception and an exciting way to close out 2013. Two of the top five most expensive homes are in the Gold Coast, one of Chicago’s premier neighborhoods for luxury living. The $9 million piece de resistance is on Howe Street, one of the most exclusive blocks in the city for single-family homes.

Here’s a look at the top five most expensive Chicago homes sold last month, starting with the most expensive:

1866-70 N Howe St
Original list price:
$10 million
Sold price: $9.035 million
This 6-bedroom Chicago home is on one of the best blocks in Lincoln Park, let alone in the city itself. It sits on a triple lot, spanning 11,000 square feet inside and room to park 6 cars. It’s sleek, contemporary design lends itself to breath-taking finishes throughout with an elevator to all 3 floors. Features include a 50-foot sports court above the 4-car attached garage, an in-home theater, a fully equipped gym, billiards room and a landscaped, private side yard. Lincoln Park is highly desirable thanks to its great schools, a residential-meets-urban style and ideal location with easy access to downtown.

1624 N Wolcott Ave
Original list price:
$2.995 million
Sold price: $3,105,429
A new construction property in Bucktown, this home was a custom build for the buyer, on an oversized (double) lot on a sought-after street. Its contemporary design features the finest craftsmanship and finishes, with 6 bedrooms and more than 7,000 square feet. Other features include great natural light, abundant outdoor green space and roof deck, with an open kitchen leads to a breakfast room and family room with 4 bedrooms upstairs. Beyond that, the home was slated to become whatever the buyer wanted, as a custom build like this allows them to essentially design their dream home.

4307 N Hermitage Ave
Original list price:
$2.65 million
Sold price: $2.71 million
This Ravenswood property boasts two factors luxury buyers love: new construction, and on an extra-large lot. That, along with a huge yard sets this home apart from other Chicago homes, with a gorgeous restored facade and new construction from the front door back.

32 E Bellevue Pl
Original list price:
$3 million
Sold price: $2.7 million
While this home was originally built back in 1892, a recent renovation has it up to date with all of today’s modern luxuries. Designed by John Wellborn, this home is an architecturally significant piece of Chicago real estate, with 6,000 square feet and a 1,200 square foot deck. Inside, the room sizes are generous, including a De Guilio kitchen, spa marble baths, a great room, living room/dining room idea for entertaining and a guest apartment. Other luxury characteristics include 12-foor ceilings, a high-tech lighting and stereo system, six marble fireplaces and a 2-car garage and 2-car parking pad. The open space along with the proximity to shops, restaurants and the beach make this home a luxury buyer’s dream.

38 E Schiller St
Original list price:
$2.75 million
Sold price: $2.525 million
Another winner in Chicago’s Gold Coast, this historic home has been renovated to retain its 1887 facade, but upgrade the interior from the ground up. With 4 levels and 4 bedrooms, the home features exquisite details, like a granite main floor, DeGiulio stainless steel chef’s kitchen, attached oversized garage, stereo surround, 6 motorized skylights, 4-5 oversized bedrooms and high-end finishes. There’s also plenty of space among 4,300 square feet, with a huge terrace and balcony.

Getting Year-End Deals in Chicago Real Estate
It’s interesting to see that the month’s most expensive sale at $9.035 million closed at nearly $1 million less than the asking price. The deal was also all in cash. This is a huge win for the buyer of this property, who likely took advantage of benefits that come with buying at the end of the year. December is typically an “off” month in real estate, so sellers are eager to negotiate and get their properties off the market before the new year.

I always suggest that buyers don’t give up on shopping for a new Chicago home in November and December. This is a time to get the best buys and have them close before the end of the year. Even the early months of a new year can be a great time to look at purchasing property in Chicago, as the cold weather can slow things down and make deals more likely to happen between buyers and sellers.

For more details on last month’s luxury sales or to see Chicago homes for sale now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Lincoln Park Was Hot in June, Where 7 of 11 Most Luxurious Homes Sold

The numbers are in for Chicago luxury home sales in June, with 60 single-family homes closing for a total of $87.6 million. The top 11 sales ranged from $2 million up to the most expensive sale at $4.2 million–and not surprisingly, 7 of those 11 were found in Lincoln Park, one of the city’s most coveted neighborhoods for high-end homes.

If you’d like to see the locations or additional photos of the top luxury homes sold in June, email me at ssalnick@dreamtown.com and I’d be happy to get them to you immediately. There’s something to be said for seeing the photos of these homes in order to understand (and possibly adjust) your expectations as to what is selling on the market. For buyers, this can really clarify what is out there for your budget and what type of details you’ll find in a luxury home with a certain price point.

For a buyer in today’s market, looking at the last month’s home sales can also give you an idea of the details and nuances of various luxury properties and what they cost–such as ceiling heights of 9 feet versus 12 or 13 feet; standard versus custom finishes; and a standard versus an extra-wide lot.

Top Chicago Home Sales in June

When it comes to the top five most expensive sales, you’ll find many of these qualities among them: large lots, ample square footage, and locations on some of the most prestigious blocks in Lincoln Park. Here’s a look at the top five in descending order:

542 W Dickens St
Original list price: $4.499 million
Sold price: $4.2 million
This magnificent Lincoln Park home sits on an extra-wide 32.5-foot wide lot. The home was custom built in 2006 with exquisite design, exceptional craftsmanship and outstanding millwork throughout. Ceilings soar to 12-13 feet on all levels, with wide plank walnut flooring and apparent attention to detail throughout each room. This top sale in June spans 6,700 square feet with a fabulous kitchen, spacious great room and a private back terrace.

1935 N Burling
Original list price: $3.7 million
Sold price: $3.15 million
On an extra-deep lot, this Lincoln Park home is flush with luxury features: an attached 3-car heated garage; high ceilings; a full-floor master suite; four fireplaces; a 1,400 bottle wine cellar; and a heated driveway and sidewalks. This Metzler/Hull re-sale offers 6.400 square feet, with a private 38- x 25-foot rear yard., plus elegant millwork, a formal dining room with butler’s pantry, gourmet kitchen and more.

1534 N Dearborn Pkwy
Original list price: $3.125 million
Sold price: $2.9 million
A 5 bedroom, 5,500-square foot beauty in the Gold Coast, this home offers gracious room sizes on its oversized lot. A spacious eat-in chef’s kitchen features professional-grade appliances, while a full-floor master suite boasts a huge bedroom, sunny bathroom and private terrace. Upper-level bedrooms have en-suite bathrooms, while the lower level features a family room, library and game room that lead to rear gardens and a gorgeous backyard.

1858 N Howe St
Original list price: $2.895 million
Sold price: $2.525 million
This stunning, modern, 6,000-square foot home comes with a number of sought-after details like cherry wood floors and doors, 12-foot ceilings and even a perfect new chef’s kitchen that was featured in Better Homes & Gardens. The head-turning kitchen (which also features walnut and glass cabinets, a granite waterfall island with trough sink, and walk-in pantry) opens up to a family room with a new wall of windows that lead to a terrace and serene yard.

3540 N Ravenswood Ave
Original list price: $2.4999 million
Sold price: $2.4 million
With a generous 7,229 square feet, this 6-bedroom home is spectacular and built for entertaining. Featuring a theater, outdoor basketball court, 4,000 square foot deck, endless swimming pool and over 5,000 square feet on the main floor, this is a great home for a large family and for hosting others. On an extra-deep lot, the home also features a 4-car attached heated garage, 10-foot ceilings, 2 kitchens and a private and secure design.

It’s important that buyers familiarize themselves with recent sales such as these–if you’re in the market for a luxury property, looking at the photos and details of recently sold homes gives you an idea of the market, and let’s you plan your own purchase accordingly in terms of what your wants, needs and budget are. For more information on these homes or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

March Sales of Chicago Luxury Homes Total $41.6 Million

Although the luxury Chicago real estate market is continuing to charge forward, the month of March saw 27 luxury homes sold, with prices ranging from $1 million up to $2.5 million. When compared to the previous month’s sales, the biggest difference in March was that the top five most expensive homes were in the $2 million range—lower than the top sales during February.

Chicago’s Bucktown neighborhood had one of the top sales. This is a great eclectic neighborhood on the west side that merges classic and new-age tastes, with abundant dining options and cultural interest, particularly in art, theater and music.

Lincoln Park real estate also topped the list (as it typically does), with two out of the five sales. Lincoln Park is especially covetable for its schools, its proximity to everything from dining to beautiful parks to nightlife.

Chicago Luxury Homes Sold in March

Here’s a closer look at the top five sales of luxury single-family homes last month in Chicago, in ascending order:

Chicago real estate sold in March1250 W Schubert
Original list price: $2,199,900
Sold price: $2,150,000
An ultra-modern new construction home in Lincoln Park, this Chicago home is dressed to the nines, with designer lighting by Jonathan Adler, imported Japanese and Italian tiles, and top of the line kitchen appliances. The large-lot home also includes a theater room with surround sound, a wine cellar, heated floors on the lower level, 2 laundry rooms and wet bars and custom cabinetry. The master suite boasts a steam shower and double vanities.

Luxury real estate in Chicago sold in March1625 N Wolcott Ave
Original list price: $2,449,000
Sold price: $2,275,000
This 5-bedroom in Bucktown won a Best in American Living Award, thanks to an innovative layout with an open living, dining and kitchen space. Enviable city views can be taken in through the private master suite of the 46 x 14 ft roof deck. You’ll also find an elevator, attached 4-car tandem garage and superior finishes throughout. The home’s Bucktown location also puts it steps away from public transportation, freeways, shopping and more.

Single-family Chicago home sales in March100 W Delaware St
Original list price: $2,399,000
Sold price: $2,300,000
With a generous 5,500 square feet of luxury living space, this is the ultimate corner row home in Chicago. The property overlooks Washington Square Park, with five levels, an elevator and huge rooms. Two roof decks, a terrace off the master suite and kitchen and a walk-out patio add up to unbelievable outdoor space, plus floor-to-ceiling windows flood every room with natural light. The master suite includes a luxe bath and two huge walk-in closets.

Chicago new construction in Lincoln Park1124 W Altgeld St
Original list price: $2,600,000
Sold price: $2,475,000
On an extra-wide lot, this new construction home has the perfect location on a beautiful tree-lined street. This Lincoln Park beauty has six bedrooms, a third-floor penthouse rec room, beautifully landscaped terraces, a custom kitchen and large breakfast nook, first floor paneled den and a huge lower level family room with a wine cellar.

Chicago real estate sold in March824 W Webster Ave
Original list price: $2,750,000
Sold price: $2,500,000
Another Lincoln Park gem, this home was the most expensive one to sell during March. With a spectacular corner location, this home too features amazing outdoor space, including a rooftop deck. A large eat-in kitchen and great room include beautiful built-ins and a wet bar, while the full-floor master suite has a luxe limestone bath and dual walk-in closets. The lower level features an office/library with a generous family room and rec room and a full bath.

It’s a great idea for buyers (or even homeowners) to take a look at the most recent Chicago home sales. Doing so can arm you with the information you need to make a purchase of your own (knowing what to look for, in what neighborhood, and what price you can expect) or even to gauge the resale value of your own home if you’re considering selling it.

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

Why Chicago Real Estate is Perfect for Families

One of the things that makes Chicago a fabulous city is that it truly has something for everyone. Whether you’re the CEO of a Fortune 500 company or a stay-at-home parent, a family of 20 or a family of 1, you will find plenty to do and make you feel at home.

For families with children, a Chicago home is a great fit. The hustle and bustle and big-city vibe may not be indicative of family-friendly living, but Chicago has an enormous amount to offer the little ones. Here are just a few:

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