Chicago’s priciest home sales dipped last week

Two townhouses and 3 condos — including 1 in the former John Hancock Center — topped the luxury list

Chicago /
Apr.April 13, 2020 09:45 AM
1330 West School Street and175 E. Delaware Place (Credit: Redfin and VHT Studios)

1330 West School Street and175 E. Delaware Place (Credit: Redfin and VHT Studios)

The Chicago luxury market may be in for a rough April if the five priciest homes that sold last week are any indication.

The total added up to $9.7 million, well below the previous week’s $14.4 million. Before that, the local luxury market had remained stubbornly steady, hovering over $10 million each week for the top five.

Last week, three condos and two townhouses — one from the late 1800s and the other a recent construction — comprised the five priciest. The most expensive sale was a $2.2 million condo in a Loop highrise. Also making the list was an eighth-floor combined unit in the former John Hancock Center skyscraper.

While March saw 20 percent more in-contract deals signed than the same time in 2019, the rate slowed dramatically at the end of the month, leading industry pros to think April would see a sharp decline.

Price and property details were found on Redfin, from April 6 to 10.

450 E Waterside Dr. #3202 | $2.2M | Loop

This four-bedroom, three-and-a-half bathroom 32nd-floor condo unit had a recent renovation. The 2,700-square-foot unit in the Chandler Condominiums penciled out to roughly $800 a foot. The building was constructed in 2007, and the unit offers views of the river, two balconies, an open floor plan and African mahogany floors. Building amenities include a library, lounge, billiard room, and large recreation room. Stephen Bognar Jr. and Joshua Wiedow of Baird & Warner had the listing and Matt Laricy of Americorp represented the buyer.

1732 N Wolcott Ave. | $2.1M | West Town

Built in 1882, this five-bedroom, four-and-a-half bathroom townhouse had a complete renovation three years ago. There is a chef’s kitchen, heated floors and a two-car garage. It also has a patio and a garage roof deck. Rachel Krueger of Jameson Sotheby’s International Realty had the listing and Maria Casciaro — also of Jameson Sotheby’s — represented the buyer.

415 W. Superior St. #300 | $2M | Near North Side

This 4,050-square-foot condo has four bedrooms and four-and-a-half bathrooms. The sale was pegged at just under $500 a foot. The building was constructed in 2007 and has just five units total with a private elevator entrance. The unit features a white kitchen with marble counters and a large island, along with a 300-square-foot terrace. One parking spot is included. Maria Casciaro of Jameson Sotheby’s International Realty listed the property and Parker Pearson of Pearson Realty Group brought the buyer.

1330 W. School St. | $2M | Lakeview

This townhouse, built in 2014, includes six bedrooms and five bathrooms spread across 5,000 square feet. The sale penciled out to $400 a foot. There are four outdoor spaces and a rear patio features an outdoor fireplace and snow-melt system. The property includes “smart-home” features throughout, and the seller invested in numerous customization features. Potential buyers were able to view the home via virtual tour, a feature that has exploded in popularity in Chicago amid the COVID-19 crisis. Paul Barker of Baird & Warner had the listing and Margaret Daday of Keller Williams Chicago-Lincoln Park represented the buyer.

175 E. Delaware Place #8606-07 | $1.4M | Near North Side

This four-bedroom, three-and-a-half bathroom condo is in the former John Hancock Center skyscraper. The unit encompasses just under 2,900 square feet and includes panoramic lake and city views. Two units were combined in a 2005 renovation. Amenities include 24-hour door staff, indoor pool, renovated gym and attached garage. Amanda McMillan of @properties had the listing. Tracy Dillard of @properties brought the buyer.


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