Condos make a comeback in Chicago luxury sales

Four of the 5 priciest resi sales in the city last week were condo units, including a pair in new construction buildings in Near North Side

TRD CHICAGO /
Jun.June 01, 2020 10:00 AM
366 W. Superior St. and 1109 W. Washington Boulevard (Redfin)

366 W. Superior St. and 1109 W. Washington Boulevard (Redfin)

UPDATED, June 2, 4:06 p.m.: Luxury condominiums made something of a comeback in Chicago last week, as three units cracked the list of five priciest residential sales. That followed two successive weeks where just one condo unit had made the list.

Two of the units are in the Near North Side and the other, a 4,800-square-foot penthouse in a new construction building, is in West Town. The single-family homes included two in Lincoln Park: a 9,000-square-foot mansion that was the most expensive on the list, and an 1882 Victorian row house that was the oldest.

Mayor Lori Lightfoot has set June 3 as the date for more retail and real estate services openings across the city. While overall luxury home sales have remained fairly steady despite the crisis, last week’s total tumbled. The three condos and two single-family home sales totaled $12.1 million, a significant dip from the previous week’s $17.9 million.

Price and property details were found on Redfin, from May 26 to June 1.

1919 N. Dayton | $4.3M | Lincoln Park

This 9,000-square-foot double lot mansion had been listed on March 13 for $4.9 million. Built in 2011, the home has seven bedrooms and nine bathrooms. The sale pencils out to $466 a foot. The home includes an elevator, theater, five fireplaces, a roof terrace with kitchen capacity, exercise room, and a heated four-car garage. Marie Campbell and Kevin Snow of Berkshire Hathaway HomeServices Chicago had the listing. Jeff Lowe of Compass brought the buyer.

1109 W. Washington Blvd. Unit 5D | $2.5M | Near North Side

This 3,100-square-foot condo has three bedrooms and 3.5 bathrooms. The sale price worked out to $810 a foot. The building has 28 units and was designed by Booth Hansen Architects. The unit includes a private elevator, and 10-foot ceilings and wide plank floors. Parking space is included. Ryan Preuett of Jameson Sotheby’s International Realty had the listing Alexandra Van Ginkel of Premier Relocation represented the buyer.

366 W. Superior St. #903 | $2M | Near North Side

Superior House condo development was built this year and is just beginning deliveries. This 2,200-square-foot unit has three bedrooms and three bathrooms. The sale works out to $872 a foot. The unit includes a large corner terrace with a built-in grill. Amenities include a rooftop indoor lounge with chef’s kitchen, a fitness center, sundeck, and herb garden. Steve Genyk of @properties had the listing and brought the buyer.

1157 W. Erie St. #6 | $1.8M | West Town

This 4,800-square-foot penthouse condo has five bedrooms and three bathrooms, and includes a private elevator entrance. The building opened last year, and the unit includes a two-car garage and a private balcony. The sale worked out to $383 a foot. There is also a private 1,500 square foot rooftop deck. Jeff Lowe and Arno Gerbrecht of Compass had the listing and Richard Curto of Compass brought the buyer.

1843 N. Lincoln Ave. | $1.5M | Lincoln Park

The oldest home on the list, this Victorian row house was built in 1882, and has five bedrooms and 3.5 bathrooms. The sale of the 3,100-square-foot home pencils out to $500 a foot. A classic great room has 13-foot plaster ceilings, cove molding and two limestone gas-start fireplaces with custom bronze hearths. There is also an outdoor living space. The property includes a 1.5-car garage. Karen Peterson of @properties had the listing. Shanley Henry of Jameson Sotheby’s International Realty brought the buyer.


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