28 Luxury Chicago Condos Sold in September for a Total of $47 Million

Last month’s condo sales in Chicago continued to hold ground during summer’s end, with sales of luxury condos (those priced at $1 million or higher) totalling $47 million, with 28 units sold. A few things we continue to see among luxury condos include ample square footage, buildings with top-of-the-line amenities and new construction properties that allow buyers to custom-design their own home.

Chicago Condos in Lincoln Park, Downtown

Not surprisingly, the top five sales for September occurred in the most prestigious buildings in the city, located mostly downtown, but also including the brand new building at 2550 Lakeview.

2550 in Lincoln Park is a new construction building that boasts incredible views and by far, the most exquisite lobby of any other condo building in the city. It also has a gorgeous landscaped, private, ¼-acre park that’s been beautifully designed exclusively for the residents here. Plus, this neighborhood is only an easy 20-minute bus ride to downtown Chicago, making it conveniently located for both work and play.

I have no doubt that a tour of 2550 will properly show you the panache that it has to offer, and I’d be happy to take you through the building and see if you agree.

As for the other top luxury sales, four out of the five were concentrated in downtown Chicago. Living in the heart of the city means you can walk to just about anything–work, five-star dining, upscale shopping, entertainment and cultural hot spots, parks and more. Many downtown Chicago condos put you a quick walk away from the Magnificent Mile (Michigan Avenue), the city’s famed block for high-end shopping and one of the truly great places to “experience” Chicago.

Top Chicago Condo Sales in September

Here’s a better look at the five most expensive luxury condo sales during September in Chicago:

11 E Walton St Unit 4902
Original list price: $4.795 million
Sold price: $4.3 million
Another expansive Chicago condo, this one spanning just under 4,000 square feet. This half-floor residence will allow the buyer to custom-build their dream home perched atop the Waldorf Astoria, one of Chicago’s finest hotels. Lake views, sunrise and sunset terraces, spacious rooms, high ceilings and all services of the hotel are just a few perks of living at 11 E Walton in the Gold Coast.

840 N Lake Shore Dr Unit 1601
Original list price: $3.995 million
Sold price: $3.6 million
This Chicago condo lives more like a home in the ‘burbs, with a huge 4,350 square feet in the Gold Coast. Its 16th floor location offers stunning views of Navy Pier and Lake Michigan, and the building itself was designed in a Parisian style by Lucien Lagrange. The unit is split into guest and master wings, with a wide open dining and family room, 4 bedrooms and 4.5 baths. Not to mention, Lake Shore Drive is one of the city’s most sought-after addresses, as it is a street known for its prestigious real estate and elegant lifestyles.

900 N Michigan Avenue Unit 23A
Original list price: $2.975 million
Sold price: $2.975 million
The Residences at 900 are in the heart of some of the city’s main attractions and feature floor-to-ceiling windows with fabulous views to take it all in. This unit in particular features 10-foot ceilings, white oak floors, a lavish master bath and a generous 3,834 square feet–more than many single-family homes. The building has a private lobby and entrance for residents, valet parking, ample storage space and state-of-the-art technology throughout.

2550 N Lakeview Ave North Unit C7-25
Original list price: $2,505,990
Sold price: $2,505,990
Spanning a huge 3,030 square feet, this Chicago condo is comparable to the space found in a home in the suburbs. Including 217 square feet of outdoor space and 10’8” ceilings, this unit offers great views of the city skyline, Lake Michigan and Lincoln Park. Located in the aforementioned 2550 Lakeview, which features state-of-the-art mechanical systems, pet-friendly features like a paw wash and dog run, plus amenities designed to make everyday living luxurious, like a fitness center, indoor pool, sauna, steam room, rec room, club room and more.

1340 N State Pkwy, Unit 1S
Original list price: $2.575 million
Sold price: $2.45 million
This is a property that is truly one of a kind–located in the original Playboy mansion. This is the only unit in the building that leads out to the mansion’s garden and includes a private patio, beautiful architectural details and is elegantly appointed throughout.

Looking at recent sales for Chicago condos is a great way for buyers to get an idea of what’s on the market, especially if you’re interested in a certain amount of space, or having particular amenities. Recent sales can help paint a picture of what you can get at what price. For a more detailed list of September sales, or to see what’s on the market now, contact me at (312) 264-5853 or email me at ssalnick@rubloff.com.

Chicago Luxury Condo Sales Totaled $35.965 Million in April

The Elysian Residences

The Elysian Residences at 11 E Walton accounted for the top 3 most expensive luxury condo sales in Chicago during April 2012.

The numbers are in for April’s luxury Chicago condo sales, and the report is in line with some of what I’ve personally been seeing on the market. Namely, four out of five of the most expensive properties were new construction, and I have certainly seen newer properties moving quickly on the market. Not to mention, the top three most expensive luxury condos were in the same building: 11 East Walton.

Another trend among the luxury condo sales in April are the final sale prices–most were about $100,000 to $150,000 off the list prices. Buyers are in a great position to close deals right now, as sellers are still eager to move their properties.

Top 5 Chicago Condos Sold

Total luxury condo sales–those sold for $1 million or more–for April totaled nearly $36 million, with the downtown area once again taking center stage among the properties sold. Let’s take a closer look at the features of the top five sales.

The top three Chicago condos sold were at The Elysian at 11 E Walton–though the hotel portion of the building is now known as the Waldorf Astoria. It’s no question what buyers see in this building, which was designed by Lucien Lagrange and quickly became one of the most prestigious places to live in Chicago. With 51 condos, residents here can enjoy 24-hour room service, a 14,000 square foot deluxe spa and all of the concierge services a luxury lifestyle could imagine, including all of the services provided by the adjoining hotel. Here’s a look at the units sold:

Unit PH56
Original list price: $6,350,000
Sold price: $5,950,000
This “vanilla box” full-floor Chicago condo is raw and ready for the owner’s customization, but in itself features 4 bedrooms, 6,000 square feet, 360-degree views, and soaring 20-foot windows in the living room.

Unit PH57
Original list price: $3,950,000
Sold price: $3,850,000
A full-floor penthouse with amazing 360-degree views of the city and lake and four outdoor spaces, this 4,500 square foot condo is another raw space ready for the buyer’s custom design.

Unit 3802
Original list price: $3,690,000
Sold price: $3,600,000
This three-bedroom, 4,000 square foot home boasts 180-degree lake and city views, two terraces, two fireplaces and 10-foot ceilings. Luxury custom improvements include fine finishes and cabinetry and a dramatic entry gallery.

The 4th and 5th most expensive sales were also found in or near downtown Chicago:

10 E Delaware Pl, Unit PHC2
Original list price: $2,449,900
Sold price: $2,305,000
A penthouse unit in the heart of the Gold Coast. With city and sky vistas, 24-hour doorman, rooftop heated pool, the elegant TEN Club, state-of-the-art fitness center, fine finishes and amenities make 10 E Delaware another coveted building among buyers looking for downtown condos.

415 E North Water St, Unit 604
Original list price: $2,299,900
Sold price: $2,200,000
More than 3,800 square feet of indoor living space and 3,000 square feet of outdoor space, this home lives more like a single-family home than a urban condominium. This three-bedroom unit is nestled along the lake and river, with beautiful views (a must among Chicago’s luxury condo buyers).

There are a number of great properties on the market now for luxury buyers to take a look at. To see what’s available or to take a closer look at last month’s sales, contact me at 312-264-5853 or email me at ssalnick@rubloff.com