The Real Deal Chicago

Here are Chicago’s top 10 residential sales of Q2

JDL Development’s 9 West Walton once again dominated the list
By Alex Nitkin |
Research by Laura Hanrahan
July 17, 2018 04:00PM

9 W Walton St, 1825 N Howe Street, 1523 N Dearborn

Condos took most of the spots on the city’s list of top 10 residential sales recorded during the second quarter, including the No.1 deal, which saw a penthouse at the Ritz-Carlton Residences change hands in an $8 million deal.

The soon-to-open condos at JDL Development’s 9 West Walton Street complex dominated the rankings of top home sales for the second consecutive quarter — with more than $19.8 million in sales from the four units listed here — making the Gold Coast tower home to seven of the top 20 sales recorded so far in 2018.

The rankings were compiled using Cook County property records.

1. 118 East Erie Street Penthouse 2 | $8,000,000

An unfinished penthouse in the Ritz-Carlton Residences off North Michigan Avenue was the most expensive residential sale of the second quarter. The 6,600 square-foot, four-bedroom unit has 12-foot ceilings and three terraces. The buyer was not identified, and the building knocked $1 million off its original asking price prior to the deal, according to the listing by broker Kathleen Malone of @Properties.

2. 1825 North Howe Street | $6,788,628

This three-story, seven-bedroom masonry house in Lincoln Park became the city’s top single-family home sale of the second quarter when it closed April 13, about three months after it went on the market. @Properties brokered the sale of the 8,700-square-foot home between an unknown buyer and seller.

3. 1523 North Dearborn Parkway | $6,575,000

TV actor Alexandra Meneses and her ex-husband, hedge fund manager John Simpson, sold this 6,800-square-foot Gold Coast greystone to an unknown buyer last month through a trust. Meneses last year sold her home in Los Angeles’ Encino neighborhood for a $1.25 million loss, after having bought the nine-bedroom colonial villa for more than $8 million in 2006. [https://therealdeal.com/la/2017/07/17/descuento-telenovela-actress-willing-to-take-1m-loss-on-encino-home/]

4. 9 West Walton Street No. 2002 | $6,050,000

JDL continues to cash in on its 71-unit Gold Coast condo building set to open in the Gold Coast later this year, including on this 5,270-square-foot home on the 20th floor. Nancy Tassone of Jameson Sotheby’s International Realty brokered the sale, which closed in May to an unknown buyer after spending 52 days on the market.

5. 600 North Fairbanks Court No. 4005 | $5,800,000

This 6,200-square-foot duplex penthouse at the top of architect Helmut Jahn’s glassy Streeterville tower boasts panoramic skyline views with a “floating glass staircase” and a bar built into the living room, according to listings. The buyer and seller closed the deal through trusts in May, seven weeks after the condo hit the market. The sale was brokered by Timothy Salm of Jameson Sotheby’s International Realty.

6. 1841 North Orchard Street | $5,625,000

Around the corner from 1825 North Howe, this detached three-story brick-and-limestone house sat on the market for 69 days before it sold to Steven and Tracy Cahillane on April 30. Mary Ruth Ryan was listed as the seller of the 7,800-square-foot home, and Coldwell Banker’s Karen Peterson was the broker.

7. 9 West Walton Street No. 2001 | $4,800,000

The unknown buyer of this four-bedroom unit paid about $1.2 million less than their soon-to-be next-door neighbor on the 20th floor of 9 West Walton, with a condo measuring around 4,300 square feet. The sale closed in April, just one week after the unit was listed.

8. 9 West Walton Street No. 1801 | $4,487,000

This four-bedroom condo was plucked off the market by a buyer listed as Robert Katz toward the end of June, just over two weeks after it was listed. The four-bedroom, 4-1/2-bath measures 3,665 square feet.

9. 9 West Walton Street No. 1403 | $4,480,494

This unit is identical in size to the No. 8 sale, but its slightly-lower price might reflect its position four floors lower. The buyers, listed as Steven and Ariel Derringer, closed the deal 20 days after the condo hit the market June 1.

10. 2204 North Cleveland Avenue | $4,350,000

This five-bedroom Lincoln Park home sat on the market for about three months before it sold in mid-April. The buyers were listed in county records as Sandeep and Anupy Gupta and the sellers were Benjamin and Laura King. The deal for the 5,370-square-foot home was brokered by Emily Sachs Wong of @Properties.