Chicago Real Estate News & Neighborhood Notes

Chicago's downtown new construction market remains hot in 2018, especially as we inch close to the height of the busy spring market. With most new developments offering elegant features and lavish extras, some of Chicago’s most expensive new construction condos right now are hard to beat if you're looking to live in luxury, which is definitely what you'll find at these spectacular new buildings.

Cirrus Chicago 

As one of the newest condo towers to hit the New Eastside, Cirrus Chicago seems to be flying a little bit under the radar. The building's lakefront location provides supreme views of Lake Michigan and the lakefront pool deck, for our money, is one of the best in town. 

One Bennett Park 

The exclusive One Bennett Park might be Chicago's

Lake Shore Drive is where luxury condo buyers will find many of Chicago’s premier condominium towers and residences. Offering sweeping views of Lake Michigan and unparalleled access to the hottest parts of Downtown Chicago, there’s really nothing quite like living along the lakefront.

Among Lake Shore Drive’s most sought-after condo buildings is 840 N. Lake Shore Drive—an elegant, Lucien Lagrange-designed high-rise that stretches 27 stories high with 70 ultra-luxurious condominiums nestled perfectly inside. 

As a medium-sized building, available inventory at 840 N. Lake Shore Drive is usually pretty limited. But every now and then a unit here hits the market that not only raises eyebrows but also tops Streeterville’s list of most expensive condos

All of Chicago’s most expensive properties on the market have jaw-dropping features, finishes, and characteristics. But the penthouse at 1140 N. Wells might actually be one of the most impressive high-rise living spaces we’ve seen in recent memory.

Featuring 4 bedrooms, 4 full bathrooms, a den, and an extra half bathroom, 1140 N. Wells #PH includes 8,500 square feet of living space across two separate levels and a private rooftop terrace that might take home the trophy for Chicago’s best private outdoor setup of any condo or apartment building. Included on this exclusive rooftop terrace is a 20-foot swimming pool, hot tub, multiple dining spaces, plenty of lounge areas, and even an outdoor shower.

Inside this ultra-luxe apartment you’ll find

Lincoln Park 2550 is one of Chicago’s most elegant condo buildings, so it’s hardly surprising to see one of the two penthouse inside offer an unbelievable level of appeal and desirability.

Featuring an award-winning design, the arched windows and doors definitely give this living space a unique look and feel unlike anything else you’ll find in the city.

Dramatic to say the least, you’ll also find 4,250 square feet of living space tucked away inside this stunning condominium, which includes 3 bedrooms, 3 bathrooms, and an additional half bathroom.

Specific finishes include Sub-Zero, Bertazzoni and Bosch appliances; European flooring, cabinets, and paneling; marble slabs in both the kitchen and bathrooms, and views of the city and lake that will

A Lincoln Park penthouse has sold for $9 million, representing the highest price paid for a Chicago condo since a unit on Walton Street in Chicago’s Gold Coast moved for just under $11 million back in March of 2019.

This particular unit occupies the 38th and 39th floors of Lincoln Park 2550, which was recently completed back in 2010, and the final sale price is just under 70% of the $13 million price tag it went to market with originally.

As noted by Crain’s, the sellers paid just over $6 million for the unfinished unit in 2015, although it’s not clear how much money was poured into finishing the space.
Unit highlights include 10’ high windows that overlook the park below, Lake Michigan, and much of Chicago’s skyline.

For information about condos

One of Chicago’s newest residential developments has officially topped out, according to recent reports. A joint-venture between Lendlease and Magellan Development Group, Cirrus represents one of the final buildings to be added to the spectacular Lakeshore East community, which of course acts as Downtown’s most celebrated master-planned development to date.

Located at 211 N. Harbor, Cirrus now stands at 47 stories high and will include 350 luxury condo residences when finished. The building’s design is from bKL Architecture and its location sits directly at the confluence of Lake Michigan and the Chicago River.

Inside, Cirrus condos for sale will include one, two, three, and four bedroom layouts and range in size from 650 to over 3,000 square feet

Penthouses are among the most sought-after condo residences in Chicago, especially in neighborhoods like Old Town. Just recently, the 3-bedroom penthouse at The Neapolitan came back on the market, the first time since August of 2019.

If you’re unfamiliar with the building, The Neapolitan is situated at 1212 N. Wells and conveniently just one block from a brand new Jewel-Osco and the Clark/Division Red Line station.

Built back in 2001, The Neapolitan has 95 units in total, along with 24 hour door service, tennis courts, a dog run, and a clubhouse and exercise room.

With the building being nearly 20 years old, individual condo unit features and finishes vary but the penthouse has a newly updated kitchen with white cabinets, Lapis Lazuli countertops, Subzero

For fantastic views, top amenities and plenty of private inclusions, it’s easy to come up with at least three great reasons to rent at 61 E Banks in 2021. This newer construction building sits in Chicago’s Gold Coast neighborhood, and certainly offers an appealing option for renters searching in the area.

Spectacular Lakefront Location 

The boutique at 61 E. Banks property enjoys some impressive lake views in an ideal setting. And outside of each individual unit, some of the best views are possible from the building’s private rooftop club and terrace.

Pet-Friendly Combined with Luxe Amenities  

The pet-friendly building also adds in such desirable amenities as a valet, garage parking, a fitness center and a full-time concierge. In addition,

Interested in Chicago's most exclusive rentals? Take a look at this spectacular collection of rentals all with an asking price of $10,000/month...

60 E. Monroe #6202  

With three-bedrooms and 3.5-baths, renters at 60 E Monroe #6202 are treated to such delights as floor-to-ceiling windows, a chef’s kitchen and some stunning views. The building also brings in amenities including a fitness room, an outdoor garden terrace and sky lounges, plus an indoor swimming pool. 

60 E. Monroe #5801

Staying in the same building, unit #5801 is a three-bedroom, three-bath rental with 2,400 square feet of living space. The price point affords high-end appliances, wide plank wood flooring and large walk-in closets.  

333 N. Canal #2205

With river and city

Thanks to a year that was largely defined by a global pandemic and social unrest, luxury home sales in Chicago’s suburbs outpaced the city in 2020, according to newly released data.

Within Chicago’s city limits, home sales priced at $1 million and over dropped roughly 7% last year, while suburban home sales at that same price point spiked a jaw-dropping 40%.

Even with Chicago’s decline in luxury home sales, both the city and the seven surrounding counties combined recorded 2,922 homes sold at $1 million and over, the most ever on record and 16% more than 2019’s total that represented the previous record.

According to Crain’s, Lake Forest was among the villages that saw a significant surge, tallying 149 sales, or an increase of 69%. Other North