A Look at Chicago's Most Expensive Condos Heading Into the Fall Season
Posted by Leo Clark. on
With the busy fall season approaching, we thought we’d take a closer look at where some of Chicago’s most expensive condos currently on the market are listed, and what each of these lavish and luxurious units have to offer. Not surprisingly, No. 9 Walton, Waldorf Astoria Chicago, and Trump Tower feature the three highest priced condos right now, each boasting a price tag of well over $12 million. Somewhat unexpected, just two condos over at Vista Tower are among some of the Windy City’s 25 most expensive units on the market right now, which is the same number of units you’ll see listed over at The Palmolive in that same category.
The spectacular new One Bennett Park condo tower also features a couple condos in the $6 million price range, and you’ll…
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One of Downtown Chicago’s most expensive condos has been re-listed and is now asking $12.5 million—a reduction of $200,000 off the original asking price of $12.7 million when the unit first hit the market last September.Â
While Chicago’s real estate market has been off to a fast start in 2017, the luxury market in 2016 actually cooled off a bit compared to a year prior, at least when it comes to the region’s priciest homes. Â
No. 9 Walton (9 W. Walton St. Chicago) is one of the highest profile condo developments to break into the downtown market since perhaps the Ritz Carlton Residences were finished along Chicago’s famed Michigan Avenue, and buyers have clearly responded over the past 12 months or so. 
The Ritz Carlton Residences at 118 E. Erie are easily considered to be some of Chicago’s most luxurious condo units, which is why recent price cuts are worth taking note of if you’re in the market for a new unit.Â
A hot new listing in one of Chicago’s most luxurious building is making headlines—the 87th floor penthouse at beautiful Trump Tower. An expansive unit that includes a whopping 6,850 square feet of living space, there are few condos in all of downtown Chicago that reach this level of luxury.Â
The future of Chicago’s newest luxury tower officially starts today. In case you haven’t heard, groundbreaking for the city’s stunning new Vista Tower begins today, which when finished, will bring a collection of fabulous new hotel rooms and luxury condo residences to a prime location right alongside the Chicago River.Â
A fancy new condo development is seeking city approval that will no doubt feature some of River North’s coolest new condo residences once finished. What was originally planned to be a 10 story development from MCZ Development is now a pretty slick 12 story development from Chicago-based LG Development.Â
According to numerous reports, Chicago’s highest-profile condo development in the works is now over 25% sold before building permits have even been approved. Earlier this week, the Chicago Tribune spoke with Magellan National Marketing Director Jim Losik, who updated the project’s sales by reporting 110 of the 406 planned condos at Vista Tower are now under contract, which include the building’s full-floor units priced around $9 million.Â
