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

Jan.January 08, 2020 01:00 PM
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.

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 [Crain’s]Jacqueline Flynn

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