Penthouse at The Belvedere Sells For $4.3 Million

Posted by Leo Clark. on Tuesday, July 19th, 2016 at 5:47pm.

A high-profile penthouse in Streeterville has sold, according to reports from Crain’s Chicago Business. The seller, who is also the former president of E-Trade Securities, officially unloaded the 16th-floor unit at 270 E. Pearson last week for $4.3 million, or for $1.5 million more than it was purchased for back in 2008. 

As noted in the report, the unit features 3,600 square feet across its two levels, and has three full bedrooms, three full bathrooms, and an 800 square foot balcony. Thanks to its location across the street from Lake Shore Park, the space also enjoys incredible views of Lake Michigan, and of course the park below which backs up to the Museum of Contemporary Art Chicago. 

The Belvedere condo is only one of 9 condos publicly listed on the MLS to sell for between $4 and $5 million so far this year. 

Built back in 2004, The Belvedere is easily one of the most desirable condo buildings in Streeterville, along with two of its neighbors, The Pearson and 840 N. Lake Shore Drive. But because it’s home to just 42 units, it’s also one of the harder luxury condo buildings in Streeterville to get into, helping make it that much more desirable to upscale condo buyers looking to live right in the heart of downtown Chicago. 

Photo: MRED, LLC

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