Seller Sees $1 Million Return at Trump Tower Chicago

Posted by Leo Clark. on Wednesday, July 29th, 2015 at 3:26pm.

Back in November 2012, reports surfaced about McDonald’s Corp. chief executive Don Thompson buying a 3-bedroom, 3100 square foot unit inside Trump Tower for $3.3 million.

Now, nearly 3 years later, more news has been reported that’s linking McDonald’s and Trump Tower, only this time the company’s retired president and his wife have unloaded their 49th floor unit, which was originally purchased back in 2011 for $1.5 million.

According to Crain’s, Jeff and Karen Stratton listed the 2,700 square foot condo back in March for $2.8 million, and as of July 22nd, the unit has officially closed at $2.5 million.

As mentioned, this particular unit has three full baths, a den attached to the kitchen, and 11-12 foot high ceilings throughout. And although market conditions have significantly improved since 2011, a $1 million profit shows just how far Chicago’s luxury market has come since the housing crash that started all the way back in 2008.

In a year that's been full of bright spots, especially when it comes to luxury Chicago real estate, things should only continue to heat up as we enter the fall market, a time of year that's traditionally one of the busiest here in the Windy City. So, whether it's a three-bedroom at Trump Tower or something a little lighter on the wallet, give our downtown Chicago real estate experts a call today to see how we can help find you the perfect new place to call home!

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