3 Luxury Condo Buildings in Downtown Chicago with Strong Resale Value Right Now
Posted by Leo Clark. on
When it comes to buying a new downtown Chicago condo, buyers not only have to think about exactly what they want in a new home, but also a property’s resale value as well. Nobody knows what the future holds, and while one particular downtown Chicago condo may seem like the perfect fit today, it might just be the next place you outgrow tomorrow. For those who have experience with the Chicago real estate market, it’s probably no surprise to you that some condo buildings in the city tend to hold their value better than others offering what may seem like comparable units. But upon closer examination, there’s almost always a reason why some downtown condo buildings hold a stronger resale value than others across the way. Listed below of several primes example…
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There is no denying that River North has transformed into one of Chicago's trendiest and most desirable neighborhoods. Like other areas, this was once nothing more than an industrial district, filled with warehouses. Today, fine dining, boutiques, art galleries, and high-end real estate properties have taken over. Of course, some of the most coveted residences are found within the walls of River North's high-rises.
If you’re working within a budget, you can still find some great choices in the West Loop. Some of the top loft buildings in the area offer options under $600,000.
When narrowing down that wish list for a new Chicago condo, space is often the last thing home buyers want to sacrifice. The unfortunate reality for many condo buyers, however, is that the extra square footage you so desperately want tends to be the number one factor that drives up how much you'll end up paying.
When it comes to residential real estate, Streeterville consists mainly of towering high-rises that house some of Chicago’s most expensive homes currently on the market. From lavish rentals with upgraded interiors to extravagant condominiums with sprawling city and lake views, Streeterville is definitely where you want to be if living high-in-the-sky seems to be your idea of the perfect downtown Chicago residence.
For whatever reason, the New Eastside seems to be one of the more lesser-talked about downtown neighborhoods, even despite offering a wide-variety of luxury condos that have everything you could want in a new place to live, But believe it or not, it’s still possible to purchase a fabulous new condo there for under $500,000, especially if you start your search at these top 3 buildings....
If you’re not quite ready to buy or perhaps only plan on living in downtown Chicago temporarily, there’s hardly a shortage of luxury condo buildings to choose from that offer exceptional living spaces for rent. But if you’re someone who truly requires the best of the best, here’s a quick look at what we consider 3 of the most luxurious places to rent in 2018:
Another luxury condo has been moved over at Trump Tower, according to a new report out from the Chicago Tribune. The buyer, entrepreneur and philanthropist Richard A. Chaifetz, has apparently shelled out $9.4 million for the four-bedroom, 6,850 square foot unit, which occupies about half of the building’s 87th floor. 
Many home buyers searching for a new condo in downtown Chicago often want more than one bedroom associated with their new housing investment. The additional living space, not to mention the added re-sale value, makes a big difference when it comes to choosing the right place to call home and in a market like Chicago, there’s certainly no shortage of condos for sale with two-, three-, or sometimes even four-bedrooms.
While not all of us can afford a million dollar home in Chicago, these high-end listings are still fun to browse whenever you get the chance. Whether it’s a chic condominium residence high above the bustling street level in Streeteville, a trendy duplex loft condo in the up-and-coming South Loop, a spacious single-family home on a double lot in Lincoln Park, or even a historic brownstone situated in the heart of Chicago’s Gold Coast, there’s no denying million dollar real estate listings in Chicago are all extraordinary in their own way.