Tribune Tower Condos - 435 N Michigan Ave, Chicago

Tribune Tower Residences — the condo conversion inside the landmark Tribune Tower at 435 N. Michigan Ave — has quietly become one of the more active luxury buildings on the Magnificent Mile. Between what's currently on the market and what's closed over the past several months, there's enough data here to paint a real picture of pricing, pace, and what ownership actually costs once taxes and assessments are factored in.

Active Listings: 12 Units on the Market

There are currently 12 active listings in the building, ranging from a $1,575,000 one-bedroom on the 8th floor up to a $7,000,000 three-bedroom on the 22nd. The average list price across all 12 sits at roughly $3,479,000.

Days on market tells a more interesting story than the average…

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Trump Tower Hotel Condos Chicago

Trump Tower Chicago sits right where the river meets Wabash, and its hotel-condo units get pitched as one of the easiest ways to own a piece of that view: buy a fully furnished unit, hand it to the hotel's rental program, and let the income roll in while you're away. As of this writing, there are 10 of these units actively listed — nine studios and a single one-bedroom — with prices ranging from roughly $305,000 up to $480,000. Before deciding whether one of these units belongs in a portfolio, it's worth pulling apart what ownership actually costs, how long these units tend to sit on the market, and what the return really looks like once every fee is accounted for.

The Case For Ownership

The appeal is real. These are fully furnished,…

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