A new luxury listing has hit the market in Hinsdale, priced at a whopping $7.3 million in a test of the upper reaches of the wealthy enclave’s market.
If the mansion fetches its asking price, it would put the sale among Hinsdale’s priciest home sales of all time.
The current record in the affluent western Chicago suburb is $7.7 million, set in 2021. That sale of a 17,600-square-foot home on East 8th Street was the priciest sale on record for the Chicagoland area that year and blew Hinsdale’s previous record of $5.5 million out of the water.
An off-market sale for $7.5 million in 2022 claimed the spot for the village’s second-priciest sale of all time, according to The Real Deal.
Now, a seven-bedroom, ten-bathroom mansion spread across 16,000 square feet has been listed for just under $7.3 million, or $455 per square foot, once again pushing toward the top of Hinsdale’s luxury market. The home, located at 818 South Elm Street, sits on a lot of just less than 1.3 acres.
The offering would reawaken the upper tranches of the ritzy western suburb’s market, as the only recent Hinsdale sale above even the $6 million mark was notched in June, when Breanna and Benjamin Chapin paid just more than that for 425 East Sixth Street, a four-bedroom home originally built in 1867, according to public records.
Dawn McKenna and Lauren Walz of the Dawn McKenna Group have the new Elm Street listing. McKenna declined to comment on the listing Wednesday on behalf of her team. The seller’s identity is obscured through a trust that serves as the property’s recorded owner, DuPage County records show.
The home was built in 2003 by Tim Thompson — a developer known around Hinsdale as the “father of teardowns” back in the ‘90s for his practice of tearing down older houses to build his signature luxury homes, according to the Chicago Tribune.
The South Elm Street mansion was designed by Mike Abraham of Michael Abraham Architecture in Clarendon Hills.
The home has only ever had one owner, who took control of the property for $50,000 back in 2005, according to public listing information, though the additional costs paid to Thompson’s development venture for its work on the custom home were not included in the property’s sale records. The property also includes a pool, home theater, workout facility and heavily landscaped lawn.
The Dawn McKenna Group has been active in the Hinsdale area as the suburban market remains competitive. The group sold at least four other, smaller luxury homes on South Elm Street in Hinsdale and neighboring Burr Ridge, all at prices ranging from $3 million to $4 million, according to the brokerage team’s website.
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