Here are Chicago’s top 10 residential sales of 2018

Two Winnetka homes trading for $12M each topped the list

TRD CHICAGO /
Dec.December 24, 2018 04:00 PM

A record year for luxury sales saw a number of pricey properties trade hands.

A total of $70 million was spent on the top 10 sales, two Winnetka mansions that sold for $12 million each tying for first place on the list

Six of the 10 most expensive home sales were for condos, three in the No. 9 Walton luxury condo building in the Gold Coast, where notable Chicagoans have been buying up units. Two other condo sales to make the list were recorded at the Trump International Hotel & Tower in River North.

The list was compiled using data from Cook County records for sales between Jan. 1 and Dec. 20.

1. (tie) 1035 Sheridan Road, Winnetka | $12 million

A three-week stretch in the spring produced the area’s two most expensive home sales of the year. The first was recorded in late April, when the eight-bedroom new-construction mansion at 1035 Sheridan Road in Winnetka sold for $12 million. It was sold by Northfield-based Heritage Luxury Builders and was bought through a trust.

1. (tie) 381 Sheridan Road, Winnetka | $12 million

The second $12 million sale came three weeks later and just seven blocks away, for a lakefront mansion at 381 Sheridan Road. The 5,500-square foot home sold before it went on the market. The last time a Winnetka home sold for $12 million was in 2013.

3. 1950 North Burling Street | $11.9 million

This Lincoln Park mansion sold after hitting the market in June with an asking price of $13 million. The 8,000-square-foot home sits on nearly four city lots and was sold by Conrad and Elizabeth von Peterffy, owners of a Swiss blind and awning manufacturer. The sale closed in late August to an unknown buyer.

4. 401 North Wabash Avenue, Unit 87A | $9.4 million

This 6,850-square-foot, four-bedroom condo in Trump Tower sold in March after three price cuts. Retired Eaton Corporation Executive Thomas Gross and wife, Michelle, listed the unit in 2016 for $12.7 million, slashed the ask three times and eventually sold at $9.4 million. The buyer was a trust linked to billionaire investor and Chaifetz Group founder Richard Chaifetz.

5. 333 Willow Road, Winnetka | $8.9 million

The third Winnetka mansion on the list was the first to be sold this year, when this 15,000-square-foot home sold on Jan. 5 for $8.9 million. The lakefront home has 8 bedrooms, 10 bathrooms, a pool, golf simulator and sports court. Selling the home was Heritage Luxury Builders, the same group that built and sold a $12 million mansion in Winnetka.

6. 9 West Walton Street, Unit 3200 | $8.9 million

The first of three units at No. 9 Walton on this list is also the most recent purchase on the list. An unknown buyer on Dec. 4 spent $8.9 million on this condo in JDL Development’s luxury tower. The Gold Coast tower has seen the most expensive residential purchase in Chicago’s history and counts a number of notable Chicagoans on its ownership roster.

7. 9 West Walton Street, Unit 3300 | $8.2 million

A trader once disciplined by the Securities Exchange Commission picked up this 33rd-floor unit in No. 9 Walton for $8.2 million in late November. Buying the property was Jeffrey Wolfson, who in 2012 settled with the SEC after being accused of making millions in illegal short sales while a trader at the Chicago Board of Options Exchange.

8. 118 East Erie Street, Unit PH2 | $8 million

A then-unfinished penthouse in the Ritz Carlton Residences off North Michigan Avenue was sold in June for $1 million less than its asking price. The unknown buyer picked up the 6,600-square foot condo with four bedrooms, 12-foot ceilings and three terraces.

9. 401 North Wabash Avenue, Unit 88A | $7.7 million

The second Trump Tower unit on this list was bought by Judith Blazer, the wife of Robert Chaifetz, the billionaire who bought the unit just below it in Trump Tower. Selling this 5,500-square-foot, three-bedroom unit was Florida-based investor Waltraud Legat, who bought the apartment in 2009 for $3.7 million.

10. 9 West Walton, Unit 2302 | $6.281 million

The third unit on at No. 9 Walton on this list was sold by JDL in early November. Buying the four-bedroom, 4,800-square-foot apartment were Neil and Sharon Book. Neil is the chief executive and president of Jet Support Services Inc.

The top 10 Cook County residential sales in 2018

RankAddressPriceBuyerSellerType
1 (tie)1035 Sheridan Road12000000Unknown (Trust)Heritage Luxury BuildersSingle-Family
1 (tie)381 Sheridan Road12000000Unknown (Trust)Michael Bonds; Cynthia BondsSingle-Family
31950 North Burling Street11900000Unknown (Trust)Conrad von Peterffy; Candace von PeterffySingle-Family
4401 NorthWabash Avenue9400000Richard A. ChaifetzJean Michelle GrossCondo
5333 Willow Road8875000Unknown (Delaware)Heritage Luxury BuildersSingle-Family
69 West Walton Street, Unit 32008872500Unknown (Trust)JDL DevelopmentCondo
79 West Walton Street, Unit 33008166500Jeffrey A. WolfsonJDL DevelopmentCondo
8118 East Erie Street, Unit PH28000000Unknown (Trust)Chicago Title Land Trust Company TrustCondo
9401 North Wabash Avenue, Unit 88A7700000Judith E. BlazerUnknown (Trust)Condo
109 West Walton Street, Unit 23026281000Neil W. Book; Sharon BookJDL DevelopmentCondo

Related Articles

arrow_forward_ios
Uptown La Grange apartments at 31 E Ogden Ave and JVM Realty CEO James Madary (Credit: Realtor and JVM Realty)

JVM Realty pays $89M for La Grange luxury resi complex

2537 North Pulaski Road in Logan Square (Credit: Google Maps)

‘Hipster’ concert venue will cause gentrification, Logan Square activists claim

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

City to redevelop land near 95th Red Line Station, Chicago’s slumping housing market gets slight reprieve: Daily digest

City to redevelop land near 95th Red Line Station, Chicago’s slumping housing market gets slight reprieve: Daily digest

From left: One Bennett Park, 403 North Wabash Avenue, 1109 West Washington Boulevard (Credit: Related and Redfin)

Here are the priciest home sales in Chicago last week

Chicago ultra-luxury homes see major price cuts, more Sears closings: Daily Digest

Chicago ultra-luxury homes see major price cuts, more Sears closings: Daily Digest

Homes in Chicago's Archer Heights neighborhood (Credit: iStock)

Chicago Cheat Sheet: Chicago home value growth hits 3-year low, another suburban corporate exodus…& more

Michael Larsen and an aerial view of Chicago (Credit: Linkedin, iStock)

Amid Chicago’s luxury housing market lull, there is life in Winnetka

arrow_forward_ios