Former Chicago Blackhawks star Jonathan Toews will have to overcome a sluggish condo market as he looks to sell his Lincoln Park penthouse.
Towes, who played a key role in the Blackhawk’s three Stanley Cup titles between 2010 and 2015, is asking $4.7 million for his four-bedroom, 4,400-square-foot unit at 2035 North Orleans Street, the Chicago Tribune reported. That’s about $1,066 per square foot.
Millie Rosenbloom is the listing agent.
Toews is also offering his three parking spaces in the building for an undisclosed amount.
Toews bought the condo for $3.55 million in 2019 through a Winnipeg-based land trust. The penthouse, one of two in the building, features 4 full bathrooms, a 50-foot great room with 11.5-foot floor-to-ceiling windows, a double-height gallery with 22-foot ceilings and a rooftop deck on the second level.
The eight-story building was redeveloped to condos from a 100-year-old parking garage by developer Todd Buffington in 2018. The building has 10 units.
While it is rebounding, Chicago’s luxury condo market has been stuck in the mud for years, bringing condo development to a screeching halt in downtown, which has resulted in a glut of unsold high-end units and a shift toward rentals.
High interest rates have exacerbated weak condo demand since last year. Of the few units that have sold, many have come at big losses for sellers or required price chops.
The condo at 65 East Goethe Street, for instance, sold for $9.3 million in January, down from the initial asking price of $13.9 million when it hit the market in March 2023.
In April, a luxury unit in the St. Regis tower changed hands for $7 million, which was $1.2 million less than what the sellers paid in 2021 and $3 million below the initial ask.
—Quinn Donoghue
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