Streeterville Real Estate News

Information about Streeterville real estate news. Read about everything happening around Streeterville, including new construction updates, market tidbits, and anything that relates to commercial and residential real estate in Streeterville. Also start browsing active Streeterville real estate for sale, or contact Gold Coast Realty for help with your home or condo search around Downtown Chicago.

There are currently 32 blog entries related to this category.

The iconic Lake Point Tower condo building could be returning to rentals. About 30 years ago the tower changed from rentals to condos, and it appears the property may change back, and make history once again.

First constructed as rental apartments in the late 1960s, the property converted to condos in the late 1980s. At that time, it was the city’s largest conversion project. If the condos revert to apartments, it would again break records, this time marking the largest condo-to-apartment conversion project in Chicago history.

According to reports, some condo owners recently received letters inquiring about buying up units in the building and changing them to rentals. Current state law requires at least 75-percent of ownership to be in agreement in order

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The luxury home and condo market in Chicago has struggled in 2019 but that’s not stopping the developers of One Bennett Park from putting three luxury penthouses on the market that start at a jaw-dropping $14.3 million.

Oh—and each of these units, at that price point, all have unfinished living spaces.

The reason for the raw, unfinished units is simple—because buyers at this price point prefer to incorporate their own custom features, at least according to execs at Related Midwest.

Each penthouse condo at One Bennett Park is a full floor unit with exposures on all four sides. Each unit also comes with three garage spaces.

The 64th floor unit has 8,414 square feet and is listed at $16.8 million; the 65th floor unit has 7,582 square feet and is

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Chicago Co-Op ApartmentsIf you're looking to combine luxury with a co-op living experience, here are 3 co-op apartment buildings in Chicago that must be considered during your search.

1500 N Lake Shore

If your budget allows, consider some of the spectacular co-op apartments of 1500 N Lake Shore. Currently several three- and four-bedroom apartments are on the market in the building, including one particular two-level unit with 5,000 square feet of living space, priced at $3.5 million.

999 N Lake Shore

Another pricey co-op apartment building sits at 999 N Lake Shore. The vintage high-rise offers up sweeping lake views from its roof deck, plus a number of other stylish high-end additions. A pricey co-op apartment in the building right includes three-bedrooms, and is

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The Chicago city housing market cooled in the first quarter of the year, with the city performing much like the suburbs. Of the city’s 77 neighborhoods, sales were down in more than half of them during the first few months of 2019. Local agents have seen homes in some neighborhoods take longer to sell than they did during the same time period a year ago.

Analysts look at three key measures in determining a local market’s vitality. This includes the number of homes sold, the average time homes sit on the market and the median sale price.

In condos and townhomes specifically, no city neighborhoods saw improvements of all three measures during the first quarter of the year. In fact, only two neighborhoods in the Chicago area saw improvement in all three key

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The developers behind Streeterville’s Optima Signature apartment tower are exploring ways to enhance the living experience for residents and continued taking a step in that direction with the recent announcement of Egg Harbor Cafe opening up a location inside the building.

Primarily a breakfast, brunch, and lunch destination, the new Egg Harbor Cafe will be the restaurant’s first downtown Chicago location and it'll occupy about 5,000 square feet of space on the upper Illinois Street plaza. In addition, there will also be plenty of outdoor seating that overlooks one of downtown’s few quiet cul-de-sacs, and it’s close proximity to both the riverfront and Michigan Avenue should make it a convenient stop for just about anyone living, working, or visiting one

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If you’re in the market for a new luxury condo, you currently have several options to choose from within The Ritz-Carlton Residences. Right now the desirable property has several two- and three-bedroom condos up for sale or for rent. 

A two-bedroom, 2.5-bath unit with around 1,900 square feet of living space is renting right now for $9,100. In comparison, it’s possible to find several other two-bedroom floor plans priced starting at $1,000,000. The priciest two-bedroom currently on the market includes 2,800 square feet of living space, offered for $2.3 million.  

If you need more private space, a three-bedroom with 2,400 square feet of living space is currently on the market for around $1.88 million. The largest and most expensive condo is priced at

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Water Tower Place ChicagoAccording to a recent report from Crain’s, the co-founder of Chicago-based Vivid Seats has applied for a construction permit that would allow him to combine six units inside Water Tower Place—one of Streeterville’s most luxurious condo buildings.

As noted in the report, Mr. Vassilatos purchased the six units individually between 2010 and 2016, and the estimated cost to combine these units is somewhere in the $8.5 million range.

The condos are situated on three separate floors inside the building, and combined, offer more than 14,000 square feet of living space.

If actually finished, the newly revamped mega-space would likely become one of downtown Chicago’s most expensive residences.



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Part of the appeal behind living in one of Chicago's top luxury high-rises is having easy and direct access to all sorts of lifestyle amenities, which generally range from 24 hour door service and on-site parking to state-of-the-art exercise facilities and swimming pool decks. And while this list is hardly comprehensive, here's a closer look at which condo and apartment buildings in Streeterville offer the best amenities.

One Bennett Park

The ultra-luxurious selections of One Bennett Park offer the advantage of new construction in a prime setting. As well, added amenities range from the outdoor swimming pool and cabanas to a large fitness center, 24-hour concierge service, on-site parking and a dog service area.

465 N. Park

In comparison, 465

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Ritz Carlton Chicago Only a few cities in the U.S. have a street or a roadway that’s famous or well-known to people outside of that specific region. In New York there’s Madison Avenue and Broadway, Beverly Hills has Rodeo Drive, and here in Chicago, Michigan Avenue and Lake Shore Drive are certainly the two that stand out most.

Living alongside Lake Shore Drive certainly has an appealing quality because of the breathtaking, unobstructed water views, but if you’re lucky enough to have an address somewhere on the section of Michigan Avenue that’s dubbed the Magnificent Mile, chances are your building has a prestigious reputation that can really only be found in a big city atmosphere.  

Some of Michigan Avenue’s more prominent condo buildings include 800 N. Michigan

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If you're looking for a spectacular luxury apartment in Streeterville but still prefer to keep your budget under $10,000 a month, here's our short list of buildings to consider this summer and fall...

600 Lake Shore

With sweeping views of the lake and the city, 600 Lake Shore presents a great choice for renting in the Streeterville neighborhood. The luxury property includes options such as a three-bedroom unit, all for under $10,000.

600 Fairbanks

More fantastic options for renters exist within 600 Fairbanks. The condo options here include luxury one- to three-bedroom units for under $10K. The price affords a sundeck and indoor swimming pool, all with a contemporary design.

160 E. Illinois

The luxury tower of 160 E Illinois additionally

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