Coldwell broker buys $2.2M Tribune Tower condo after selling building’s priciest unit

Chezi Rafaeli repped buyers of $8.1M unit on 22nd floor in September

Chicago /
Nov.November 01, 2021 12:17 PM
Coldwell broker buys $2.2M Tribune Tower condo after selling bulding’s priciest unit

Chicago Tribune Tower and Chezi Rafaeli (Wikipedia, Chezi Rafaeli)

A Coldwell Banker broker who sold the most expensive unit in the Chicago Tribune Tower bought himself a $2.2 million condo in the same building.

Chezi Rafaeli and his wife, Susan Rafaeli, bought a three-bedroom condominium on the fifth floor, Cook County property records showed. The seller was described as Tribune Tower West Owner LLC with an address directed to Golub Realty Services LLC.

The 3,113-square-foot condo comes with a den and a two-car garage in a building that has more than 55,000 square feet of indoor and outdoor amenities, including a fitness center, a private park and an indoor swimming pool. The unit was listed for monthly rent of $23,000 on the Coldwell Banker website as of Oct. 28.

Golub & Co. and CIM Group bought the 1925 neo-Gothic Tribune Tower, once home to the Chicago Tribune, in 2016 for $240 million, and turned it into a luxury condo building with 162 units that span from one to four bedrooms. Prices range from $700,000 to about $8 million.

Rafaeli represented the buyers of Tribune Tower’s highest priced unit, on the 22nd floor for about $8.1 million in September. It was the fifth-highest home sale price in the Chicago area this year, the Chicago Tribune reported at the time.

Rafaeli also has the city’s most expensive listing, the 89th-floor penthouse at Chicago’s Trump International Hotel & Tower, which is being marketed for $30 million. Sanjay Shah, CEO of Chicago-based software maker Vistex, put the 14,260-square-foot, five-bedroom penthouse on the market last month after he bought the unit as raw space for $17 million seven years ago.

The second-priciest listing is a 71st-floor penthouse in the St. Regis, now under contract after asking $18.5 million. All five of the priciest listings in the city are asking $15 million or more.

A total of 27 condos and townhomes sold for more than $4 million by mid-October, on pace to exceed the 2018 record of 36 units, according to Integra Realty Resources. Only 10 condos and townhomes listed for more than$4 million sold last year.





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