Chicago Real Estate News & Neighborhood Notes

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 Crain’s, the original asking price was just under $9 million when the home was first listed back in February, but after a $1 million price reduction in July, the property was under contract in September and officially closed earlier this month.