Another Luxury Driehaus Property Hits The Market in Chicago's Gold Coast
Posted by Leo Clark. on
Another property tied to late philanthropist and businessman Richard Driehaus is on the market in Chicago. The latest offering is a brick mansion in the Gold Coast which was briefly featured in the film “Ferris Bueller’s Day Off”.
The brick mansion is priced just under six million. Originally constructed in the late 1800s, the home is commonly referred to as the Luther McConnell House, in tribute to its original owner. Driehaus purchased the more than 8,600 square foot home in the mid 1980s.
It’s said he completely renovated the home after buying it. It has two staircases and two living rooms. It also comes with an elevator and a glass conservatory on its top level, which opens to a large rooftop deck.
The home features several grand chandeliers,…
1296 Views, 0 Comments

The City of Chicago just set a new record for the priciest recorded sale of the entire year. A Downtown Chicago condo recently sold for more than $20 million. Â
Originally planned as a hotel, a new Fulton Market project has now pivoted to an all-residential project. Located at 1234 West Randolph Street, the planned glass and metal tower will eventually rise 42 stories above the surrounding neighborhood.
Following a successful shakeup of the office market with its coworking space, WeWork is now ready to turn the tables on the residential market in Uptown. WeWork’s next focus involves taking on multifamily apartment buildings.
Thinking about buying but worried about rising mortgage rates? Well, rents are also on the rise in Chicago, where some landlords have recently hiked rates of up to 20-percent. At a time when tenants are finding apartments harder to come by and even less affordable, landlords are using higher rents to help compensate for some of their lost revenue from the pandemic. Some are also trying to combat their own higher repair and operating costs, due to rising inflation. Â
While Fulton Market remains a hot target for developers, one developer is credited with nearly 1,000 expected new apartments on the western edge of the West Loop. Darren Sloniger splits his time between being a minister in Elgin and helping transform the landscape of a part of Chicago he refers to as Fulton West.
Redevelopment in the Fulton Market neighborhood could be in line to push even farther west in the future. That’s thanks, in part, to developer Darren Sloniger.
As one of the newest mixed-use buildings to open in Lakeview East, Optima Lakeview offers a prime location and plenty of desirable features. The former site of a grocery store and parking lot has recently been transformed into retail space and nearly 200 apartment homes.