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Single-family homes dominate priciest residential sales of week
Three of the properties are in Lincoln Park, including a 125-year-old mansion that sold at steep discount
Single-family homes again dominated last week’s list of priciest residential sales, helping hold the overall Chicago luxury market steady despite the economic upheaval.
Four the five homes were single-family properties, including a 125-year-old, 10,000-square-foot mansion that sold for $4.5 million. The closing price, however, was far below the $8.9 million the owner had listed it for back in 2016.
The five priciest sales for the week totaled $13.7 million, well below the previous week’s $17.9 million, but still among the highest amounts since the pandemic took hold.
The lone condo that sold last week was an 11th-floor unit at the luxury Fordham high-rise on the Gold Coast. Spread over four levels, the home has a private elevator and attached two-car garage with private elevator access.
Three of the houses that sold are located in Lincoln Park and the other is in West Town.
Price and property details were found on Redfin, from May 19 to 25.
632 W. Deming Place | $4.5M | Lincoln Park
This 10,000-square-foot mansion built in 1895 has six bedrooms and 7.5 bathrooms. The home hit the market in 2016 for $8.9 million but had several price cuts over the years. The sale price penciled out to $443 a foot. The home has been renovated and includes a second floor with a master suite and sitting area, along with a private terrace. The driveway and sidewalks have a snowmelt system and the coach house features a three-car garage with a guest house above. The owner had invested $11 million into the property. Timothy Salm of Jameson Sotheby’s International Realty had the listing and Emily Sachs Wong of @properties brought the buyer.
1901 N. Howe St. | $4.2M | Lincoln Park
This 8,500-square-foot home has seven bedrooms and seven bathrooms and was built in 2005. It has an updated interior and a backyard with a sports court. The sale price penciled out to $491 a foot. There is direct access to the attached two-car garage. Emily Sachs Wong of @properties had the listing and Bill Williams of KMW 2 brought the buyer.
2309 N. Janssen Ave. | $2.1M | Lincoln Park
This brick and limestone home was built in 2005 and six bedrooms and 5.5 bathrooms. It encompasses 5,000 square feet, with the sale penciling out to $416 a foot. The third floor has a penthouse room that opens to a large rooftop terrace. There is a connecting 2.5-car garage with a roof deck above. The property includes four outdoor spaces. Carrie McCormick and Anne Killarney of @properties had the listing. McCormick also brought the buyer.
25 E. Superior St. Unit 11B | $1.5M | Near North Side
This condo unit on the 11th floor of the Fordham high-rise has four levels and spans 4,563 square feett. The unit has five bedrooms and 3.5 bathrooms and the price penciled out to $334 a foot. The levels are connected by stairs and a private elevator. There is also an attached, private two-car garage that is accessible via a private elevator. This unit was originally purchased raw and developed separate from the building as an all-marble triplex with central staircase. Some features include a two-story waterfall, professional grade screening or music room and steam shower. David Nadler and Nancy McAdam of Jameson Sotheby’s International Realty shared the listing. Sam Shaffer of Chicago Properties Firm brought the buyer.
1940 W. Potomac Ave. | $1.4M | West Town
This four-bedroom, 3.5-bathroom home was built in 1992 and has a backyard with turf and playhouse. It includes a rooftop deck above the two-car garage. The home was redesigned by the agent-owner, Herve Barbera. Soukbangone Supantavong of Berkshire Hathaway HomeServices Chicago brought the buyer.