5 Of The Priciest Home Sales of 2024 In Chicago

In 2024, Chicago's luxury real estate market witnessed significant transactions, reflecting both the city's architectural grandeur and the evolving dynamics of its high-end property sector. Below is an overview of the five highest-priced home sales in Chicago for the year.

1. 9 West Walton Street, Penthouses 37 and 38 – $19 Million
In November 2024, Illinois Governor J.B. Pritzker purchased two full-floor penthouses at 9 West Walton Street, commonly known as No. 9 Walton, for a combined $19 million. The seller, billionaire Ken Griffin, incurred a substantial loss, having originally acquired the unfinished units in 2017 for $33.65 million. This transaction underscores the challenges faced by Chicago's luxury condo market.

2. 1932 North Burling Street – $15.25 Million
A 25,000-square-foot mansion at 1932 North Burling Street in Lincoln Park sold for $15.25 million, marking the city's most expensive single-family home sale of the year. Despite the impressive sale price, the sellers experienced a significant loss, having invested approximately $65 million in land acquisition and construction. The property had been on the market for several years before finding a buyer.

3. 400 West Dickens Avenue – $14.25 Million
In Lincoln Park, a 15,000-square-foot mansion located at 400 West Dickens Avenue sold for $14.25 million. The property was listed at $15 million and went under contract shortly after hitting the market, highlighting the demand for luxury residences in this neighborhood.

4. 69 East Bellevue Place – $5.65 Million
A historic residence at 69 East Bellevue Place in Chicago sold for $5.65 million. The 5,900-square-foot home features four bedrooms and 4.5 bathrooms, blending classic architecture with modern amenities.

5. 451 East Grand Avenue, Unit 5509 – $5.85 Million
A luxury condominium unit at 451 East Grand Avenue, Unit 5509, sold for $5.85 million. The residence offers panoramic city and lake views, along with high-end finishes and access to premium building amenities. 

These transactions highlight the complexities of Chicago's luxury real estate market in 2024, showcasing both the opportunities and challenges faced by buyers and sellers in the high-end property sector.