Luxury Condos in The Loop Growing in Popularity
Posted by Leo Clark. on Monday, February 15th, 2016 at 1:53pm.
When you think about luxury real estate in Chicago, neighborhoods like River North and the Gold Coast likely come to mind pretty quickly. But as The Loop becomes more and more residential-friendly, luxury home buyers are also starting to make their way to the heart of downtown Chicago’s commercial core faster than you might think.
Don’t believe us?
As of today, roughly 20 listings are currently on the market in the Loop priced at $1 million and over, which certainly says a lot about where the market currently is, and where it might be heading in the not-so-distant future.
For now, the record sales price for a condo south of the main branch of the Chicago River is $5.2 million, but with luxury inventory increasing and evolving, and with so much high-end development on the way in the nearby South Loop neighborhood, it seems like only a matter of time before we see that record broken.
For reference, a total of 6 condo units north of the main branch of the Chicago River sold for over $5 million within the past 12 months alone. So while luxury real estate in the Loop certainly seems to be on the upswing, the demand for lavish living spaces in neighborhoods like River North, Streeterville, and the Gold Coast certainly isn’t going anywhere any time soon either.
For a look at the top 15 most expensive condos for sale in the Loop right now, check out the listings below, or give us a call today if you’re considering a move to the area!
Check Out The Loop's Top 15 Most Expensive Condos on the Market Below:
310 South Michigan Avenue 2502
$4,449,000
- 3 Beds
- 4 Baths
- 3,817 SqFt
Introducing This Exceptional Residence Of Unmatched Distinction Poised High Above Michigan Avenue...
60 East Monroe Street 3301
$3,899,000
- 4 Beds
- 6 Baths
- 5,200 SqFt
"sleek Glass Tower" And "diamond Shard" Are Two Descriptions Of The Award-winning Legacy At Mille...
130 North Garland Court 57c
$3,500,000
- 4 Beds
- 4 Baths
- 5,000 SqFt
Great Investment Opportunity At The Heritage At Millennium Park!! 57c Is Currently Rented At $18,...
861 North Lasalle Street
$3,249,995
- 5 Beds
- 7 Baths
- 7,480 SqFt
- 0.08 Acres
Exquisite Gold Coast Single Family Home Plus Coach House, Blends Ultra Modern Design With Origina...
130 North Garland Court 2711-12
$2,495,000
- 3 Beds
- 4 Baths
- 4,350 SqFt
Enjoy Spectacular Wraparound Views Of Lake Michigan, Millennium Park And The City Skyline From Th...
130 North Garland Court 5203
$2,225,000
- 4 Beds
- 4 Baths
- 3,027 SqFt
This Spectacular, Rarely Available 52nd Floor Condo Has Sweeping Southeast Views Of Lake Michigan...
65 East Monroe Street 4812
$1,750,000
- 3 Beds
- 4 Baths
- 3,529 SqFt
This Is A Fabulous Opportunity To Design Your New Two Level Penthouse On The 48th & 49th Floors. ...
130 North Garland Court 5201
$1,625,000
- 3 Beds
- 4 Baths
- 3,310 SqFt
Enjoy Stunning Views Of Lake Michigan, Millennium Park And The City Skyline From This Rarely Avai...
919 North Lasalle Drive
$1,549,000
- 5 Beds
- 5 Baths
Nestled In The Heart Of Chicago's Historic Gold Coast, This Row Home Is A True Architectural Gem,...
65 East Monroe Street 4526
$1,450,000
- 3 Beds
- 3 Baths
- 2,500 SqFt
Stunning Ne Corner Residence With Exceptional Panoramic Views Of The Lake, Park And City From Eve...
6 North Michigan Avenue 503
$1,249,000
- 3 Beds
- 4 Baths
- 3,015 SqFt
Discover The Iconic 6 North Michigan Avenue, An Architectural Marvel Located On The Cultural Mile...
318 South Michigan Avenue 600
$1,199,995
- 3 Beds
- 4 Baths
- 2,650 SqFt
Experience The Epitome Of Urban Luxury Living In This Exquisite Condominium Nestled In The Vibran...
130 North Garland Court 4701
$1,175,000
- 3 Beds
- 3 Baths
- 2,157 SqFt
Beautiful Hi-floor, Corner 3 Bedroom, 3 Bath Condo With Stunning Views Of Lake Michigan, Millenni...
130 North Garland Court 3304
$1,125,000
- 3 Beds
- 3 Baths
- 2,096 SqFt
Revel In Chicago's Downtown Cultural Hub, Just Minutes To World Class Museums, Theaters And Resta...
60 East Monroe Street 2002
$1,125,000
- 3 Beds
- 3 Baths
- 1,969 SqFt
This Is What You Call Home! Step Into Luxury Living At Its Finest With This Beautiful Corner Uni...