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Chicago

Well, they do call him “Flip”: Corboy listing No. 9 Walton condo after 7 months

The personal injury attorney is joining a growing list of owners in the luxury tower who already are looking to cash out

Flip Corboy and the condo building (Credit: Compass)
Flip Corboy and the condo building (Credit: Compass)

Local attorney Philip “Flip” Corboy Jr. is living up to his nickname, looking to sell a condo at No. 9 Walton in the Gold Coast just seventh months after buying it.

Corboy on Monday listed the unit on the 26th floor of JDL Development’s luxury condo tower at 9 West Walton Street for $6.9 million, after paying less than $6.1 million for it in October, according to the Chicago Tribune.

Eudice Fogel of Compass has the listing.

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Most of the units in the tower delivered last year, but a number of buyers are already selling them, in part because the values of the units have soared in the several years since many went under contract.

Last month, local neurosurgeon Dr. Sean Salehi became the latest owner to flip a unit in the building, selling a ninth-floor condo for $3.9 million, a year after buying it for more than $3.2 million. And a medical supply company CEO recently bought an 11th-floor condo in the building for nearly $3.5 million, nine months after a trust first closed on it for $3.1 million.

A couple who owns a 33rd-floor unit, meanwhile, is looking for a 40 percent profit, listing it at $13 million just two months after buying it for $8.2 million. [Chicago Tribune] — John O’Brien

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CondominiumsGold CoastJDL Development