Lincoln Park mansion prices doubles in less than a year

Buyer can weigh in on luxury home’s renovation

Chicago /
Jan.January 13, 2022 04:19 PM

1862 N Dayton St (Trulia)

A Tuscan-inspired Lincoln Park mansion is hitting the market for $7.2 million, more than double its 2021 price tag— albeit after a dramatic renovation.

The transformation of the mansion, which sold for $3.35 million in June, into a more modern design represents shifting tastes among buyers, according to Crain’s. It also underscores Chicago’s hot luxury housing market, where inventory has dropped as wealthy buyers seek more space. Sales doubled in 2021.

The 8,400-square-foot home on a double lot at 1862 N. Dayton Street, owned by an entity associated with LG Development, is losing its ornate, apricot facade and faux oil lamps for white plaster walls, a black metal roof and high arches over the front door, Crain’s reported. Lakeview-based Casagrande Architects is handling the redesign.

“It’s still an Italian villa, but more modern,” Jameson Sotheby’s Lauren Goldberg, one of the agents representing the home for LG, told Crain’s. Her husband, Brian Goldberg, is a principal at LG Development, a full-service contractor with a history of building high-end homes.

Buyers have the option of purchasing the home with the adjacent property, demolishing the house there and finishing it with a pool, which would bring the total cost to more than $10 million, Goldberg told Crain’s.

Goldberg said the makeover is underway and should be done by the end of the year. The house is being shown in the meantime so that buyers can weigh in on the floor plan and finishes.

[Crain’s] – Harrison Connery





    Related Articles

    arrow_forward_ios
    The Boeing Headquarters with Boeing CEO Dave Calhoun (Boeing, Flikr via Ian Abbott, iStock)
    Boeing moving headquarters out of Chicago in another blow to city’s office market
    Boeing moving headquarters out of Chicago in another blow to city’s office market
    Alderman Walter Burnett, Bally's Soo Kim and Chicago mayor Lori Lightfoot (Getty Images, Burnett, Bally's, Wikimedia Commons, Illustration by Kevin Cifuentes for The Real Deal)
    Chicago’s casino selection goes to Bally’s, and these real estate players win out
    Chicago’s casino selection goes to Bally’s, and these real estate players win out
    105 W. Adams Street (LoopNet)
    Troubled Loop office tower touted as apartment conversion
    Troubled Loop office tower touted as apartment conversion
    Bally’s Casino tribune proposal with Lori Lightfoot (Ballys, Getty)
    Bally’s proposal for Chicago casino seen winning mayor’s approval
    Bally’s proposal for Chicago casino seen winning mayor’s approval
    Jeff Shapack and 509 North Union Avenue, Chicago (Google Maps, iStock)
    Developer Shapack buys Chicago Salvation Army site for $25M
    Developer Shapack buys Chicago Salvation Army site for $25M
    Evangeline Gouletas and Cité restaurant in Lake Point Tower (Cité Restaurant)
    Rooftop restaurant in Chicago’s Lake Point Tower for sale amid bankruptcy
    Rooftop restaurant in Chicago’s Lake Point Tower for sale amid bankruptcy
    David Strosberg and Stewart School Lofts (Morningside USA)
    Chicago investor sells former Uptown school converted into apartments for $23M
    Chicago investor sells former Uptown school converted into apartments for $23M
    NorthWest Healthcare Properties' Paul Dalla Lana and the Triangle Office Building at 1700 West Van Buren Street (NorthWest Healthcare Properties)
    Canadian REIT pays $120M for Chicago-area medical offices in US entry
    Canadian REIT pays $120M for Chicago-area medical offices in US entry
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...