Chicago’s luxury market was strong in 2015, with an increase in the number of condos/townhomes and single family homes sold at or above $1M. The most notable single family home sale was 1955 N. Burling, a grand estate set on 6 city lots with indoor pool, home theater, gardens, gym and staff quarters that closed at the end of the year for $13,345,372. For comparison, the next highest sale of a single family home in Chicago this year was just under $6M.
The highest priced condo to sell was 189 E. Lake Shore Drive PH 18 for $10,375,000. Another grand home, it featured 5 bedrooms, 5.1 baths spread among 7,662 square feet, with 3,000 square feet of outdoor space (4 terraces) and parking for 5 cars. All with a monthly assessment of $9,123. At right you’ll see the trend reports on the total sales in our luxury market over the past 4 years.