Gold Coast Real Estate News

Chicago’s Gold Coast neighborhood is where you’ll find some of the Windy City’s most expensive properties on the market. And one of this is reportedly off the market.

According to Crain’s, a stunning Gold Coast mansion over on Bellevue Place recently sold for $7.5 million—the highest price paid for a Chicago area home in 2017. Prior to this most recent mega-deal, a home on Grant Place in the highly desirable Lincoln Park neighborhood traded for $7.2 million back in January and held the top spot until now.

The Gold Coast mansion sold featured six bedrooms, seven full bathrooms, and all sorts of jaw-dropping interiors, much like you’d expect from any multi-million home in one of downtown Chicago’s most expensive neighborhoods.  

As noted by

If you’re looking for a quick update on how the Chicago real estate market fared over the first few months of 2017, Crain’s recently outlined which parts of the city have been the hottest so far in the new year. With mortgage rates still low and available inventory also scarce throughout many parts of the city, the Chicago real estate market has been especially kind to sellers, especially in a few familiar neighborhoods. 

According to Crain’s data, which only included neighborhoods with at least 25 sales during the first quarter of 2017, the Near North Side, West Town, and Lincoln Square rounded out what’s viewed as being the three hottest neighborhoods for condos and townhouses in the city right now, which is somewhat surprising in some ways. While

Construction has officially wrapped up and apartments for rent at AURÉLIEN are now leasing! As one of the hottest new apartment towers to hit the Gold Coast rental market, Aurélien provides a living experience unlike most buildings found throughout the Downtown landscape. 

Above all, the building's location is second-to-none, providing residents with easy access to many of Chicago’s best shopping, dining, and entertainment destinations, not to mention plenty of public transit stops/stations and countless other nearby amenities as well. 

As a newly built tower, living spaces are modern, sleek, and stylish, and the building’s full compliment of luxury lifestyle amenities also elevate apartments at Aurélien to a level that few buildings in the city

When it comes to luxury real estate in downtown Chicago, historic brownstones, grey stones, and row homes in the Gold Coast are undeniably among the most expensive properties you’ll find on the market. 

While many of these historic gems were originally built back in the late 1800s and early 1900s, most have since been totally revamped to feature insane interiors, loaded with luxury finishes that rarely leave luxury buyers wanting more. 

As we make our way towards the busy spring season, the market for brownstones and other high-end row-homes in the Gold Coast is actually quite robust right now, providing buyers with a wide range of options to consider. 

The starting price point for a Gold Coast row home right now is $1.5 million, which is the

Despite being one of the newest condo buildings to be developed in the Gold Coast, 4 E. Elm is already almost entirely sold out. According to the building website, and what’s currently listed on the MLS, just 4 units remain at this high-profile project, leaving very few opportunities for potential buyers who love what this amazing new development has to offer. 

With construction just wrapping up last year, 4 E. Elm is about as modern as it gets from a lifestyle standpoint. Inside, just 35 units occupy the building’s 25 levels, and living spaces are both expansive and luxurious, as you might expect from a fabulous new Gold Coast condo tower. 

Of the four remaining units, the lowest priced condo is listed at $2,990,000, which offers three bedrooms,

With Chicago’s rental market being so red hot over the last few years, it’s hard to imagine any building already starting to make the switch over to condos from apartments—but that’s exactly what’s happening over the 2 W. Delaware, formerly known as Walton on the Park. 

A towering Gold Coast high-rise that sits at the corner of State and Delaware, 2 W. Delaware is currently undergoing a complete transformation, offering future condo owners a delightful mix of lavish living spaces and upscale lifestyle amenities to match. With thousands of new apartment rentals being delivered to the downtown Chicago landscape in 2015 and 2016, and more reportedly on the way in 2017, the decision to convert 2 W. Delaware to condos may turn out to be a rather savvy move,

The last undeveloped lakefront parcel in the Gold Coast could soon see some action, at least according to a new report from Curbed Chicago. Being proposed is a new eight-story building that could include as many as 58 units, which is significantly different from the original proposal from Draper & Kramer that called for a sprawling 40-story high-rise. That proposal, which as made all the way back in 1997, drew significant resistance among Gold Coast residents and of course failed to materialize into anything concrete over the years.  

But now, the new 58-unit building seems to be gaining strong momentum as it heads to the Chicago Zoning Board for approval this month, especially as new construction condo inventory is still low heading into 2017. 

The

No. 9 Walton (9 W. Walton St. Chicago) is one of the highest profile condo developments to break into the downtown market since perhaps the Ritz Carlton Residences were finished along Chicago’s famed Michigan Avenue, and buyers have clearly responded over the past 12 months or so.

According to recently gathered figures, No. 9 Walton is now nearly 90% sold, making it one of the fastest selling luxury condo buildings in recent memory. Located at 9 W. Walton and hovering along the Gold Coast-River North boundary line, it’s easy to see why buyers have absolutely fallen in love with this lavish Gold Coast high-rise, and much of its attraction goes far beyond location.

Interior finishes at No. 9 Walton are about as upscale as it gets, and the lifestyle

After so long, sometimes the goal of a home or condo seller is to just make something happen—and that appears to be the case with the Vince Vaughn penthouse over at The Palmolive Building, which feels like a property that has been on the market forever.

According to recent reports, Vaughn has officially unloaded the his lavish penthouse condo inside one of Chicago’s most iconic buildings for $8 million. At first glance, the price cut might seem extraordinary significant given the original price tag was $24.7 million back in 2011. But since then, Vaughn has split up the massive three-level unit into two separate listings, with the larger of the two ultimately closing for $8 million.

The smaller of the two units was originally listed for $4.2 million, and

With so many new apartment developments coming through the pipeline, and now even quite a few condo buildings (see No. 9 Walton, 808 Wells, and 403 N. Wabash just to name a few), the Aurélien is a fabulous new rental tower that has to some degree slipped through the cracks a bit. 

Being built at 833 N. Clark, Aurélien will be a 31-story, 373 unit apartment tower when finished, adding to the already incredible collection of new construction rentals to be added to the growing Gold Coast/River North inventory.  

The project is a joint venture between Lincoln Property Company and Ryan Companies, while the building itself was designed by Antunovich Associates. Inside, Aurélien will be comprised of 78 studio and convertible units, 212 one-bedrooms, 76