Chicago Real Estate News & Neighborhood Notes

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.

The transaction is particularly noteworthy because it represents the second-highest price paid for a condo inside Chicago’s lavish Trump Tower, following only the $17 million Dubai-based business tycoon Sanjay Shah paid for his full-floor penthouse on the building’s 89th floor.

As noted by the Tribune, Chaifetz’s condo features four-and-a-half bathrooms, floor-to-ceiling windows, custom built-ins inside each of the four bedrooms, a custom-lightning system, mortised window treatments, and a gorgeous kitchen with a wine-cellar and butler’s pantry. Additionally, five garage spaces were also part of the deal.

While the year is still early, the $9.4 million sale is already one of the highest-priced residential transactions in 2018.