Chicago mansions for sale down 14% in Q2

While the inventory of luxury condos was up in the second quarter the inventory of mansions for sale dropped 14.0% from second quarter 2013.* There were 37 mansions for sale compared with 43 a year earlier. The number of distressed listings (short sales and foreclosures) stayed at 1.

Chicago Mansions For Sale, Pending & Sold 2nd Qtr. 2011 - 2nd Qtr. 2014 Chart

Chicago Mansions For Sale, Pending & Sold 2nd Qtr. 2011 – 2nd Qtr. 2014

The number of pending sales for Chicago mansions in the second quarter rose 200% from second quarter 2013. There were 6 houses with a minimum of 8,000 square feet with pending sales compared with 2 a year ago.

Actual sales were also up. There were 3 mansions sold in the second quarter compared to 1 a year earlier. Sales included:

  • 2138 N Hudson, a former artist colony in Lincoln Park, sold for $5,100,000.
  • 1239 N Wood, a 22,000 square foot home in West Town, sold for $3,100,000.
  • 3737 S Normal, a home in Bridgeport, sold for $1,065,000.


1955 N BurlingLincoln Park$18,750,000
1955 N BurlingLincoln Park$18,750,000
924 N ClarkOld Town$15,000,000
1336 N StateGold Coast$14,500,000
1905 N OrchardLincoln Park$11,550,000
1547 N DearbornGold Coast$11,000,000
1879 N BurlingLincoln Park$9,975,000
2026 N MohawkLincoln Park$8,950,000
1508 N StateGold Coast$8,950,000
2466 N LakeviewLincoln Park$8,695,000
1944 N HoweLincoln Park$8,600,000
542 W GrantLincoln Park$8,500,000
1941 N FremontLincoln Park$7,500,000
1322 N AstorGold Coast$7,200,000
2137 N KenmoreLincoln Park$6,195,000
1400 N AstorGold Coast$5,900,000
2141 N KenmoreLincoln Park$5,295,000
729 N KingsburyRiver North$4,699,900
456 W HuronRiver North$4,600,000
469 W SuperiorRiver North$4,490,000
4151 N GreenviewLakeview$3,900,000
800 W BuenaUptown$3,600,000
1352 N LaSalleOld Town$3,499,000
338 W OakdaleLakeview$3,079,900
5820 N PaulinaEdgewater$2,200,000
6317 N KirkwoodSauganash$1,999,000
3214 S CanalBridgeport$1,899,999
6135 N KnoxSauganash$1,899,900
4901 S KimbarkKenwood$1,499,000
4518 S DrexelKenwood$1,150,000
4512 S DrexelKenwood$1,085,000
2725 W GlenlakeWest Ridge$989,900
4805 S DrexelKenwood$945,000
7515 S ColesSouth Shore$150,000


Call us at 773-793-4516 or email us.

Chicago mansions are scattered around the city, but most are in Lincoln Park, the Gold Coast or River North


Less inventory and rising sales mean you need to be ready to buy when you find a home you want. If you will be financing your purchase, get your mortgage pre-approval before you start touring homes. Contact me for recommended mortgage consultants. If you’re paying cash, get a proof of funds letter from your accountant or banker ready to go. Contact me to get started.

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Chicago Luxury Homes For Sale


If your home is priced right when it goes on market, it should sell in less than 9 months. The average days on market was 263 days.

Mansions take longer to sell due to a smaller market for them. The inventory has only varied by a few homes during the past few years. If you’re considering selling your home, contact me for a free market analysis.

*Information is based on data from Midwest Real Estate Data (MRED).


Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at or call 773-793-4516. Learn More