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.
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