Where have all the Chicago luxury condo sales gone?

Single-family homes dominate this week’s list of 5 priciest resi deals yet again

Chicago /
Aug.August 14, 2020 01:30 PM
1532 W. Jackson Boulevard, and 1901 North Leavitt Street (Credit: Google Maps)

1532 W. Jackson Boulevard, and 1901 North Leavitt Street (Credit: Google Maps)

Luxury condo sales have slumped in Chicago in recent weeks, crowded out by single-family homes. And this week is no different, with four of the five priciest residential sales being houses.

The $7.2 million total for this week’s top five was also a sharp drop from the $13.4 million total from the previous week. Four of the five priciest properties that traded that week were also single-family houses.

Two of the properties on this week’s list were built in 2020 — one is a single-family home in North Center and the other is the lone condo, in a four-story building in Lincoln Park.

The oldest construction is a greystone single-family home in Lincoln Park that was built in 1880.

2712 North Francis Avenue | $1.6M | Logan Square

This single-family greystone has four bedrooms and three bathrooms over 3,750 square feet. The price pegs it at $413 a foot. The property has nine-foot ceilings and heated floors and there is a two-car garage. Matthew Liss of Mark Allen Realty had the listing and Mark Paul of @properties brought the buyer.

1938 North Mohawk Street #3 | $1.5M | Lincoln Park

This condo unit is in a four-story building that is so new there isn’t much information on it. The unit has three bedrooms and 2.5 bathrooms, with hardwood floors throughout and a balcony. Lorraine McGuire and Thomas Gibbons of Fairgreen Real Estate shared the listing and Alexandre Stoykov of Berkshire Hathaway HomeServices Chicago represented the buyer.

1532 West Jackson Boulevard | $1.4M | Near North Side

Another single-family greystone. This one has three bedrooms and four bathrooms, and was built in 1880. It features original and restored woodwork, entry doors and tile, hardwood floors, fireplace mantles, decorative wood entry archways, Lyncresta pocket doors and stained glass. There is an elevated deck off the kitchen overlooking the backyard, a clawfoot tub in the bathroom and coach house with its own private deck. Nicholas Colagiovanni of Baird & Warner had the listing and Alexandra Haralambakis of Jameson Sotheby’s International Realty brought the buyer.

3436 North Claremont Avenue | $1.4M | North Center

This new construction single-family home has five bedrooms and six bathrooms spread across 4,100 square feet. The deal worked out to $349 a foot. The house has a custom-built fireplace and commercial-grade kitchen. The two-car garage has a roofdeck. Lorraine McGuire and Thomas Gibbons of Fairgreen Real Estate shared the listing. Leigh Marcus of @properties brought the buyer.

1901 North Leavitt Street | $1.3M | Logan Square

This single-family home has four bedrooms and five bathrooms spread across 3,200 square feet. The deal pencils out to $403 a foot. Built in 2007, the home has crown molding and a marble staircase, and stone countertops in the kitchen. There are two walk-in closets, three outdoor spaces and a two-car garage. Daniel Merrion of Coldwell Banker Residential had the listing and Laura Meier of @properties brought the buyer.


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