Can a $10M condo — not in No. 9 Walton — find a buyer?

Seller of full-floor unit at 400 W. Huron hopes to buck trend of Chicago’s overall down luxury market

Dr. Kam Patel and 400 W. Huron tower
Dr. Kam Patel and 400 W. Huron tower

Luxury home sales in Chicago took a tumble last year, but one seller is hoping 2020 will be a different story.

A 5,000-square-foot, full-floor condo unit in River North is being listed for $10 million in an off-market sale, according to Crain’s.

Kam Patel, a Chicago oral surgeon, bought the four-bedroom condo in the 400 W. Huron tower in 2017 for $3.75 million, when it was bare bones space, according to the report. He hired Box Studios and Steve + Filip Designs for a complete overhaul. The unit includes 7,200 square feet of patio space, complete with a private jacuzzi and swimming pool.

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Vincent Anzalone of Dream Town Realty represents the seller.

While the Chicago market has seen a drop in luxury sales, one ultra high-end condo tower has bucked that trend. No. 9 Walton sold multiple pricey units last year, including an $11.3 million full-floor condo on the 31st floor.

At 400 W. Huron — a 15-story tower developed by Smithfield Properties — average units range in price from $1.3 million to $4 million, according to condo.com. [Crain’s]Jacqueline Flynn

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