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.

Chicago Luxury Condo Sales in June Skewed Toward Ultra Luxury

When we look at the previous month’s Chicago condo sales, there are typically one or two sales that fall in the ultra-luxury category. But in June—a month when warmer weather moves in and the extremely high-end sales tend to slow down—there were an unusually large number of ultra-luxury condos sold. The month saw 13 condos sold for $2 million or more, with the most expensive sale going all the way up to $6.7 million. Total sales volume for the month was $135 million.

So where is all of this ultra-luxury action happening? Four out of the five most expensive condo sales were new construction at 4 East Elm, a new luxury high rise in the heart of Chicago’s Gold Coast. This area is seeing resurgence in luxury new construction, but 4 East Elm offers something that many buildings do not: privacy. The building is comprised of half-floor units, so there is very little sharing of space compared to other luxury condo buildings.

Top Chicago Condo Sales Offer Generous Square Footage

In recent years, I’ve noticed that luxury condo buyers have their sights set on one feature in particular: space. The magic number is usually at least 3,000 square feet, and that number holds true among the condo sales from June, as each one of these sales offers well over 3,000 square feet of living space. The most expensive unit sold clocks in at a whopping 5,400 square feet.

Search Chicago condos with more than 3,000 square feet

While the price tags on these luxury Chicago condos might seem high, the cost per square foot of a condo in Chicago is significantly less expensive than some other major U.S. cities. The Chicago condos sold in June came to about $1,241 square feet, whereas New York or San Francisco real estate can easily cost more than $3,000 per square foot.

Here’s a closer look at the size and space of the Chicago condos that sold last month, starting with the most expensive sale:

image4 E Elm St, Unit PH23
Original list price: $6.69 million
Sold price: $6,692,192
As I mentioned, 4 out of the top 5 Chicago condo sales last month were in this building: 4 East Elm. As of last month, the property had sold 75% of its 35 half-floor residences, before this 5,400 square foot penthouse unit sold on the 23rd floor. The luxury Chicago condos in 4 East Elm boast elevator entry into each unit, high-end finishes, and at least three exposures with expansive views of the city and lake from most units. The building is billed as the ultimate oasis of luxury and privacy, with an outdoor pool, whirlpool, sun deck, fitness center, screening room and clubhouse lounge.

4 E Elm St, Unit 19S
Original list price: $3.9 million
Sold price: $3,936,052
This unit on the 19th floor spans 3,486 square feet, with 3 bedrooms and 3.1 baths.

4 E Elm St, Unit 18S
Original list price: $3.8 million
Sold price: $3,792,709
Identical to the unit above it, this 3 bedroom, 3.1 bath is on the 18th floor and offers 3,486 square feet of living space.

50echestnut50 E Chestnut, Unit 3701
Original list price: $3.795 million
Sold price: $3.722 million
If a half-floor residence in 4 E Elm isn’t enough space, 50 East Chestnut has your number. This Gold Coast building offers full-floor residences made for gracious living, with stunning views, delightful details and more. This 37th floor unit was customized to perfection, with expansive floor-to-ceiling windows with Lutron treatments, Snaidero cabinetry, Calcutta marble countertops, walnut floors, Venetian plaster walls, Ann Sachs tile and Wolf, Subzero and Miele appliances. With 3,550 square feet, this unit offers all of the quality and style you expect from the Gold Coast.

4 E Elm St, Unit 21N
Original list price: $3.6 million
Sold price: $3.6 million
With 3 bedrooms, 3.1 baths, this Chicago condo offers 3,135 square feet on the building’s 21st floor.

Having worked with luxury clients in Chicago for more than 25 years, I understand that space is really the name of the game when it comes to condo living, especially that magical 3,000 square feet. I’ve made it simple to search Chicago condos that offer a minimum of 3,000 square feet of living space on my website, so you can see firsthand what is on the market and at what prices. I would also be happy to show you the floor plans and other building details for these units to give you an idea of what it has to offer.

For 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.

Outstanding Chicago Luxury Home Sales in Lincoln Park for May

There was a clear star of the show when it came to last month’s luxury home sales in Chicago—and it goes by the name Lincoln Park. This was the neighborhood that had the majority of most expensive home sales, ranging from $2.59 million up to $4.1 million. It appears that high-end home buyers are flocking to Lincoln Park, since 11 out of the 13 most expensive homes purchased were located here. The reason? For starters, Lincoln Park is a highly sought-after neighborhood to begin with, but additionally, inventory is low for large homes and homes on oversized lots.

Trends in Recent Chicago Luxury Home Sales

Looking at the properties that sold last month, it’s interesting to note that  three out of the five most expensive homes sold in less than 2 months, while one sold in 3 days and another in 25 days. Those are quite extraordinary time frames for homes that are upwards of 7,000 square feet. And one other trend in last month’s sales was that more buyers are opting to take out a mortgage rather than paying in cash like we’ve seen a lot of in recent years.

If you’re in the market for a luxury home, taking a close look at the previous month’s sales is a great place to start. I would be happy to send you photos of these homes or provide a tour of luxury homes within your budget.

If you make a home purchase with me, right now I am offering my buyer clients $2,500 in cash upon closing. If you’ve ever moved, you know there are a number of expenses that arise with a new home, such painting costs, window treatments, home technology and of course the move itself. Give me a call so I can tell you more about it.

But in the meantime, here are some details on last month’s top luxury home sales:

1922 dayton1922 N Dayton St
Original list price: $4.3 million
Sold price: $4.1 million
Understated, luxurious and state of the art—those are the words to describe this 7,000 square foot home on one of Lincoln Park’s most desirable streets. With a brick and limestone façade on the outside and well-crafted detailing on the inside, this home boasts luxury on every level. The first floor houses an elegant living room and dining space with a large, well-appointed kitchen, attached great room, large outdoor patio and garage deck. The second floor has an expansive master suite with spa bath, walk-in closets and a second bed/bath and office. The third level offers 3 additional bedrooms with ensuite baths. And the lower recreational level has 9-foot ceilings, a sixth bedroom and bath and direct access to an oversized 2-car garage. And a grand, elliptical staircase ascends through the home up to a sunlit penthouse that has access to an expansive roof deck and sweeping views of the city.

dayton2145 N Dayton St
Original list price: $3.995 million
Sold price: $3.55 million
Another home on an extra wide (33 feet) lot, this fairly new construction property was built by LG Construction Group in 2014 to include a long list of high end features. Details like custom carpentry, millwork and finishes; exotic stone and designer fixtures; 4-inch white oak rift hardwood floors; a grand marble foyer with built-in armoire; and much more. The gourmet eat-in kitchen includes a butler’s pantry, quartz countertops, island with breakfast bar, Subzero refrigerator and freezer, dual Miele dishwashers and 6-burner Wolf range. The home’s second level has four bedrooms, with a wet bar, den and guest room on the 3rd level. On the lower level are two additional bedrooms, rec room with built-in bar area, wine room, playroom, mud room and storage. The home also features a spectacular outdoor space, with a yard and patio off family room and balcony off master.

mohawk1821 N Mohawk St
Original list price: $3.495 million
Sold price: $3.435 million
Located on a premiere block in Lincoln Park, this 6,500 square foot home recently underwent an extensive renovation stunning enough to earn it a feature in CS Interiors. New additions include exquisite new flooring, lighting staircases, kitchen and bath spaces. The home has five upstairs bedrooms, including a luxe master suite. The top level is a gorgeous penthouse entertaining space with skyline views adjoining two roof decks with an outdoor shower, planters, pergola and professional landscaping. The lower level includes a guest suite with kitchenette and radiant heat.

orchard2244 N Orchard St
Original list price: $3.095 million
Sold price: $3.095 million
Every luxury detail was thought of in this 7,500 square foot, five bedroom home in east Lincoln Park. Features include a distinguishing limestone façade, highly upgraded finishes, and a generous floor plan that allows for family living and entertaining. A top-of-the-line English style kitchen includes a built-in banquette, adjoining a bright family room that opens up to a raised terrace with outdoor fireplace. Other details include tall ceilings, a passenger elevator and wine cellar. This home also boasts a great location close to Oz Park, Francis Parker School and the neighborhood’s great selection of shopping, dining and entertaining.

janssen2421 N Janssen Ave
Original list price: $2.699 million
Sold price: $2.59 million
Located on an extra wide (28 ft x 128 ft) lot, this nearly 7,000 square foot home in Lincoln Park has been fully remodeled with 6 bedrooms, 6.1 baths and a whole host of luxury features: 11-12 foot ceilings, crown and wall moldings, elevator access, heated floors in bath and  lower level, Chef’s kitchen, five fireplaces, a movie theater, sauna and wine cellar. In addition to the generous interior space, this home posts more than 1,500 square feet of outdoor space as well.

I would be happy to give you more information on recent home sales and tell you more about my offer for buyers to get $2,500 at closing. To see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

February Sales for Chicago Luxury Homes: Lincoln Park Single-Family Home Sells for Over $8 Million

Perhaps it was the winter doldrums or some overlapping effects from the volatile stock market, but Chicago luxury home sales in February were well, “just OK.” Just 26 luxury homes (those sold for more than $1 million) closed last month, totaling $46 million. More than $8 million of that was a single double-lot property that certainly stood out from the rest.

Even when one property is completely distinctive from the rest, there are often a few common threads that can be found among recently-sold luxury homes. This month, there’s a clear interest in a great location (Lincoln Park, the Gold Coast, Bucktown), oversized lots and generous square footage (2 homes boast 9,000+). And lastly, one commonality we’ve seen fairly regularly among luxury real estate sales in Chicago: purchasing with cash.

Cash is King in Chicago Luxury Real Estate

Four out of the top five most expensive homes sold last month were bought with cash. You’ll notice in the recap below that several of the top properties sold did so at a considerable discount to their list price—and it’s likely that the buyer has their cash offer to thank for that. Cash also helps buyers to negotiate a good deal, especially when the market is experiencing some volatility.

Here’s a closer look at the top five properties that sold last month in Chicago, in descending order from the most expensive:

mohawk2026 N Mohawk St
Original list price:
$8.95 million
Sold price: $8.35 million
This spectacular space was built on a double lot by developer firm Metzler Hull, who is known for building beautiful, upper-bracket homes in Chicago. Boasting a location on the best block in East Lincoln Park, no luxury was spared in this 11,000 square foot home, from the fine details to the thoughtful floor plan that blends intimate family living with fabulous entertaining space. The list of features for this Chicago luxury home is lengthy. Each of the 7 bedrooms has an ensuite bath and large closet. The state-of-the-art kitchen is built for gathering and relaxing, with a seamless transition from the family room. The elegant master suite features a large walk-in shower, soaking tub, double vanity, dressing room, walk-in closet and make-up area. Other spaces include a library, exercise room, private professional theater, indoor/outdoor basketball court, coat room, a large laundry room , attached four-car, heated garage and four private outdoor areas.

lasalle1352 N Lasalle Blvd
Original list price:
$3.49 million
Sold price: $3.05 million
This stately Old Town mansion sits on an oversized (149 foot) lot. Its 9,200 square feet include 5 bedrooms and 4.2 baths, a large eat-in kitchen, paneled dining room, den, family room, foyer, five-stop elevator and a lower-level in-law apartment. There’s even an additional 2 bedroom, 2bath guest apartment. Other details include a grand staircase, 7 fireplaces with carved mantels, intricate moldings and 8-foot original pocket doors.

honore1917 N Honore St
Original list price: $2.995 million
Sold price: $2.8 million
Just built in 2013, this brick/limestone home—on an oversized 33.5-foot lot—was customized by Tom Stringer Design in a warm, transitional style. A fully integrated kitchen includes commercial-grade appliances and stardust marble with leather finish countertops, while the luxurious master suite features a separate sitting room and spa-like bath with heated flooring, towel rack and oversized steam shower. A 900-square foot rear patio/yard encompasses a completely private rooftop oasis complete with IPE decking and a custom stainless steel hot tub. And the home’s location is ideal on one of the premier blocks in Bucktown.

hudson1916 N Hudson Ave
Original list price:
$2.5 million
Sold price: $2.5 million
A recently upgraded single-family home in East Lincoln Park, this 6,000 square foot Chicago home features a ton of great space for family living on a residential, tree-lined street. The generous spaces include a full-floor master suite with a 21 x 10-foot closet and brand-new master bath; a penthouse room, study, library plus several terraces and patios, including a mini “children’s deck.” Other features include 4 brand-new baths, high ceilings throughout, a chef’s kitchen with breakfast area for 10, a two-story family room, wide walnut floors throughout, heated lower-level floors and an attached two-car garage.

bellevue69 E Bellevue Pl
Original list price:
$2.6 million
Sold price: $2.1 million
This home’s wow factor comes from its unique design, featuring an open-concept floor plan that is rarely found among the vintage homes in the Gold Coast. The first floor features a deck off the kitchen, and the third level includes an additional deck beautifully shaded by a nearly 200-year old maple tree. The home also boasts lots of natural light, a music system, four large bedrooms, 4.5 spa baths, a basement apartment and garage.

For more information on the Chicago luxury homes that have recently sold, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Must-Have Features for a Chicago Luxury Penthouse

The word penthouse alone has a definite luxury vibe to it. In a high-rise building especially, the top-floor unit has privacy, exclusivity and a certain opulence, and many of these units are one-of-a-kind Chicago condos.

But one luxury penthouse isn’t the same as the next. In fact, the Wall Street Journal recently covered the scores of luxury properties that are popping up all over the country, noting that for-sale properties are going to great lengths to differentiate themselves from one luxury property to the next in order to draw in the right buyers. And it’s no different in Chicago, where there are luxury properties, and then there are ultra-luxury properties. These are ones with features you simply cannot find anywhere else, which makes them extremely valuable in Chicago real estate and for luxury buyers who are truly searching for the crème de la crème.

Must-Haves for Luxury Penthouse Living in Chicago

So what does it take for a penthouse to be defined as luxury? At a minimum, features for a Chicago luxury penthouse should have the following:

A premier location: A great location isn’t just to have everything you need within close distance. For penthouse living, location plays a major role in having an outstanding view, and luxury clients prefer a panorama that includes both the city skyline and Lake Michigan. Some of the luxury buildings in Lakeshore East also offer beautiful vistas of Grant and Millennium Parks.

Concierge services: Having a concierge service on hand is like putting the perks of an upscale vacation into your everyday life. High-end buildings will offer residents a concierge who can assist with everything from dinner reservations to arranging accommodations for the in-laws to even party planning.

Gym and spa facilities: A Chicago luxury penthouse should offer spa and exercise facilities that trump the regular ‘ol gym. Maybe it’s an incredible view from the treadmill, or access to award-winning facials, but this is an amenity that must accommodate the high-end lifestyle both in convenience and features.

Square footage: For luxury buyers looking to purchase a Chicago luxury condo, I’ve found the magic number is 3,500 square feet. This is the minimum amount of space for a Chicago penthouse to fee like true luxury, and not like a “downsize” from a McMansion in the ‘burbs. The ample space should also translate to large rooms, from the living spaces, to the bedrooms and even the closets.

Search Chicago condos with large square footage

High ceilings: The minimum here is 9 ½ feet—but 10 to 14 feet is really what’s preferred, particularly because in a penthouse, this often means spectacular panoramic views. Sky-high ceilings with sky-high windows make the most of this coveted feature.

High-end details: Getting the interior details right in real estate can be tricky, as trends and what’s “most wanted” can change quickly. It’s important for a luxury penthouse to have high-end, classic finishes throughout, along with top-of-the-line appliances and smart technology that takes luxury living to the next level.

Private elevator: Living in a penthouse means a lot of ups and downs—literally. What takes a luxury penthouse to the next level is a private elevator, so residents never have to worry about waiting or stopping when they are coming and going from their home. This is a rarer find, but definitely one of those “wow” features that makes a property stand out from the rest.

Whole-floor floor plan: The ultimate Chicago penthouses occupy the the entire top floor of a building, giving the owner the utmost privacy and space. If the top floor is shared, it shouldn’t be more than two or three units.

As upscale as these features might seem, these are a baseline for what makes a Chicago penthouse truly luxurious. There is a fair share of other rare and unique inclusions that vary from building to building, property to property. And when those listings come onto the market, they’re sure to cause a stir among buyers looking for that perfect luxury home.

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

Search Chicago Luxury Condos with More than 3,000 Square Feet

Whether moving from a house to an amenity-full condo building or swapping the suburbs for the city, there are plenty of reasons my clients find themselves in the market for a Chicago luxury condo.

And with a condo search almost always comes this requirement: plenty of space. Even if they are downsizing, I find that clients searching for a high-end condo want the square footage to go with it. The magic number is usually 3,000 square feet, which can be found in a number of Chicago condo buildings like Trump Tower, Lincoln Park 2550 and a number of co-op buildings along the prestigious Lake Shore Drive (plus many others).

That’s why I’ve created a new search on my website specifically for Chicago condos that meet the 3,000 square foot requirement many of my clients have. Each of the for-sale condos listed here have that minimum square footage, and you can search by budget range as well.

Search Chicago condos with more than 3,000 square feet

Even if you aren’t immediately in the market for a new home, it’s a great way to see the size-to-price relationship for luxury properties and use that when determining your own budget or space needs. And if you are currently in the market for Chicago real estate, this is a great place to start and avoid sifting through properties that don’t meet your square footage requirements.

You can also save your search to ensure you’ll receive updated listings right to your inbox.

Check out the new search right here, and be sure to contact me for more information at (312) 498-5080 or email me at ssalnick@dreamtown.com.

July Was a Sizzling Month for Chicago Home Sales

Spring is typically when we see the real estate market in Chicago come on strong. When we arrive at July and August, typically the market slows down considerably, but this July was certainly not the case.

Sales for luxury single-family homes in Chicago were just outstanding in July. There were 81 luxury homes sold—those sold for more than $1 million—and a whopping 17 of those were over the $2 million mark. Total sales volume for the month was $136 million.

So where was all of the action happening? Lincoln Park was certainly at the center of this sales surge. More than half of those top 17 $2+ million sales were in Lincoln Park, including the most expensive sale of the month. Another common denominator among the top sales is lot size. Wider lots are what luxury buyers are looking for, and a home on a larger lot than the standard 25 feet x 125 feet definitely differentiates itself from the rest.

To see photos and details of the homes that sold last month, just contact me with your name and email address, and I will be happy to send you each and every one. That way, you can get an idea of what you might be looking for when you buy a Chicago luxury home.

Here are the details on the top five luxury single-family homes that sold in Chicago last month, in descending order:

2224daytonst2224 N Dayton St
Original list price: $3.565 million
Sold price: $4.75million
This stately 6-bedroom home sits on a 35-foot-wide lot, which allows it to have 5,900 square feet of living space. It’s also on one of Lincoln Park’s—if not the city of Chicago’s—prettiest blocks. The home features a vintage façade, with a fully renovated interior that retained classic features inside like antique mantles, leaded glass and moldings. The luxe master suite includes a stunning bath and custom closets. A penthouse study features a vaulted ceiling, wet bar, and a large deck with skyline views. Other stunning features include a rec/media room, exercise room, an exquisite garden/side yard and two laundry rooms.

1733NorthPark1733 N North Park Ave
Original list price: $3.95 million
Sold price: $3.6 million
Another extra-wide (31 ½ feet) in Old Town, this 5-bedroom, 5,900 square foot home features remarkable details and craftsmanship. This historic home recently underwent a complete gut rehab to feature a luxe master suite with steam shower, 4 additional bedrooms each with a private bath, separate living room, dining room and library, four fireplaces, a wine cellar, and a landscaped yard with putting green and a spectacular roof deck above a 3-car garage.

1825NCleveland1825 N Cleveland Ave
Original list price: $3.9 million
Sold price: $3.28 million
Having undergone a number of recent upgrades, this spectacular East Lincoln Park home was completely move-in ready for this buyer. With 5 bedrooms and 6,200 square feet, this home features gorgeous finishes and millwork throughout. There is also an attached garage, mud room, 2-story patio, 4,800-bottle walk-in wine room with tasting area, and a number of other upgrades.

1753WWabansia1753 W Wabansia Ave
Original list price: $3.295 million
Sold price: $3.15 million
This brand-new Chicago luxury home was just completed on a 48-foot wide lot in Bucktown. Designed in a transitional style, the home features rich hardwood flooring, impressive millwork, a huge custom kitchen, a private first-floor study, sauna, wine cellar, over 1,000 square feet of yard space and 3,000 square feet of deck space.

3624NJanssen3624 N Janssen Ave
Original list price: $3.495 million
Sold price: $3.1 million
Another new construction home. Another extra-wide lot. This Southport home has everything Chicago luxury buyers are looking for, with 7 bedrooms, 7,200 square feet and a bevy of features: media room, professional-grade kitchen, massive family room, yard and deck above huge 3-car garage, spa-caliber baths, an incredible master suite and much more.

As I mentioned before, don’t hesitate to contact me to learn more about the other homes that were sold last month or to see additional details about these top 5. It’s a great list for potential buyers to review and understand what’s going on in the market. For more information, 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.

Luxury Condos in Chicago Continue to Sell Well in April

It’s all in the name—last month’s top sales for April condos in Chicago reads like a who’s who in high end real estate. Lake Shore Drive, Trump Tower, Michigan Avenue, Gold Coast—all indicators of the best of the best in Chicago luxury.

Each of the top 5 condos sold was either on a prestigious block or in a prestigious building, with 42 units sold totaling $69 million. And there was another reoccurring theme among the top homes sold—square footage. Even though these are condo units, not one of these units skimped on space, going all the way up to 6,000 square feet.

Here is a closer look at the top 5 Chicago condos that sold in April, in descending order from the most expensive:

1021 N Dearborn St
Original list price: $5.5 million
Sold price: $5.5 million
Last month’s top sale was an exquisite, one-of-a-kind end unit located in the Gold Coast at Oak and Dearborn—it sold even before the listing sheet officially made it to the printer. The elegance of this unit is apparent as soon as you step inside, with a dramatic stone-tiled 2-story foyer to welcome you. Beyond that, you’ll find 5,800+ square feet over 4 levels, with a huge living and dining room, a 441-foot wraparound balcony, cook’s kitchen with luxury stainless steel appliances and granite counters, a full-floor master suite with sitting room, walk in closet and stunning master bath, plus a media room that opens to a grand terrace.

Trump Tower Chicago real estate401 N Wabash Ave, Unit 46A
Original list price: $4.29 million
Sold price: $4.025 million
It’s certainly not uncommon for River North’s Trump Tower to have a place on the top condo sales each month. This 3 bedroom unit is just under 4,000 square feet and puts the building’s iconic views front and center, offering a stunning eastern view from the master bedroom. The unit is located on one of the best tiers in the building, with only 9 other units offering the same features. Plus, residents of Trump Tower enjoy some of the most high-end services and amenities in any Chicago condo building, from a private chef to world-class spa and much more.

Chicago real estate at Park Tower 800 Michigan Avenue800 N Michigan Ave, Unit 2801
Original list price: $4.2 million
Sold price: $3.5 million
This condo is located in the iconic Park Tower, one of the most architecturally famous buildings on the Magnificent Mile. Its location on the 28th floor allows for breathtaking views of the lake, city and daily sunsets from every window. With 4,200+ square feet, this Chicago condo takes up a half floor with a custom design that maximizes space for entertaining and casual living, including features like a dramatic entry, formal living and dining room, cook’s kitchen, huge family room, large master suite, rich finishes, hardwood walnut floors and custom millwork.

1347_ndearborn1347 N State Pkwy, Unit 1
Original list price: $3.999 million
Sold price: $3.3 million
Called a “magazine caliber” residence, this Gold Coast triplex lives more like a single-family home than a condo (with a whopping 6,000 square feet of living space!). The 6-bedroom unit is located in the Gold Coast and includes a lavish master suite with exercise room, incredible bath, media room, terrace, billiards room, dream kitchen and 800+ bottle wine cellar. The location is especially ideal, with the Gold Coast being a favorite among luxury buyers, and this property being within walking distance of Lake Michigan, Old Town, Rush Street and the Magnificent Mile.

179-e-lake-shore-drive-co-op-apartments-360179 E Lake Shore Dr, Unit 21E
Original list price: $2.45 million
Sold price: $1,999,999
Lake Shore Drive is among the best blocks in the city, and this gorgeous half-floor, 3,045 square foot co-op helps showcase why. Located in a landmarked building designed by famed Chicago architect Benjamin Marshall, this unit includes superb views, beautifully updated architecture, new baths and kitchen, a luxurious master suite, a handsome paneled library and gracious upgrades throughout. The building also adjoins the prestigious Drake Hotel. The buyer for this co-op paid cash, but it is important to note that the co-op stated upfront that a buyer would only be able to finance 50% of the cost. The building was also on the market for just over 500 days, which isn’t surprising considering the approval process required for co-op buyers is often a long one.

Whether it’s in a condo, a co-op or a single-family home, it has been apparent for months that ample space is at the top of luxury buyers’ wish lists when shopping for a home. This month was no exception. If you’re looking to buy in the next several months, I encourage you to keep an eye on the monthly sales and see what types of homes are selling for what price. Then you can keep that in mind when establishing your own wants/needs list for your real estate purchase.

To learn more about last month’s Chicago real estate sales or to see what’s on the market now, contact 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.