Tagged : Luxury Chicago Condos

There are currently 14 blog entries matching this tag.

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. 

Perched up on the 87th floor of Chicago’s famed Trump Tower, this ultra-luxe penthouse boasts insane upgrades, tons of living space, and as you might imagine some of the best views money can buy.

Officially, penthouse #87A features 4 bedrooms, 4.5 bathrooms, and a jaw-dropping 6.850 square feet of total living area. Other interior finishes include massive 16-foot floor-to-ceiling windows that provide panoramic views, custom millwork throughout the entire unit, and countless designer finishing touches that should satisfy the needs

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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.  

According a recent report from Crain's Chicago Business, just two homes in the six-county Chicagoland region sold for $10 million or over back in 2016, which is down from 6 homes at that price point back in 2015. Even with the dip in ultra-luxury home sales, however, 2,423 homes priced at $1 million or more also sold back in 2016, which is a 2.5% increase compared to 2015. 

As you might expect, top selling suburbs in the luxury category were Hinsdale (144 luxury sales), Winnetka (144 luxury sales), Wilmette (120 luxury sales), Lake Forest (97

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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.

According to recently gathered figures, No. 9 Walton is now nearly 90% sold, making it one of the fastest selling luxury condo buildings in recent memory. Located at 9 W. Walton and hovering along the Gold Coast-River North boundary line, it’s easy to see why buyers have absolutely fallen in love with this lavish Gold Coast high-rise, and much of its attraction goes far beyond location.

Interior finishes at No. 9 Walton are about as upscale as it gets, and the lifestyle

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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. 

Earlier this month, the building revealed an exclusive opportunity to buy into the building at a significantly discounted rate, which of course is just in time for the busy fall market. With much of downtown Chicago’s new development catering to the red hot rental market, the inventory of new construction condos in downtown neighborhoods like Streeterville, River North, and the Gold Coast is still lacking, even despite a few new projects like 4 E. Elm and 9 W. Walton already in the pipeline. 

If the Ritz Carlton is a building you haven’t

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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. 

Inside you’ll find extraordinarily high-end finishes and features throughout, and as you might expect from a condo on the 87th floor of a building that’s positioned right off the main branch of the Chicago River, the views in every direction are absolutely incredible. If that’s not enough, this particular unit also includes a five-car garage within the building, which is not only rare, but basically unheard of. 

So just what does a nearly 7,000 square foot

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Vista Tower ConstructionThe 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. 

When finished, Vista Tower will be Chicago’s third tallest building, standing 95 stories high and offering some of the most insane views of any building currently standing in the Windy City. 

According to reports, the project is brining 2,500 jobs to the city and has an estimated construction cost of $950,000,000. Despite all the hype and excitement surrounding Vista Tower condos for sale, don’t expect the building to top out anytime

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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. 

Designed by NORR Architects, the rendering shows a sleek glass and concrete exterior that not only fits the trendy River North mold perfectly, but also provides residents with what look to be pretty spacious private terraces, large floor-to-ceiling windows, and reportedly on-site parking as well.  

Located at 61 W. Erie, the new project will only include 10 units and 10 ground level parking spaces, so options and opportunities within this fabulous

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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. 

Developers are hoping to finally begin construction later this month or sometime in August, with construction expected to be finished by late 2019. 

Vista Tower was designed by Jeanne Gang of Studio Gang Architects and will ultimately stand 93 stories high with condo residences not even beginning until the 73rd

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Luxury Chicago Real Estate

While Chicago’s luxury real estate market seems to be red hot with several new condo developments in the works and a number of high-end apartment towers having just been completed in recent months, sales prices for Chicagoland’s top 5% of listings have actually dropped by about 3.9% from the first quarter of 2014 to $1.491 million. Although the price drop is relatively minimal, it’s also very intriguing given the bottom 95% of Chicagoland listings saw average sales prices jump substantially by nearly 12%, or to about $265,000.

The analysis, which was originally conducted by national real estate data company and brokerage Redfin, isn't all bad however when it comes to the Windy City’s luxury segment of the marketplace. In terms of the average days on

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