CONDOS IN DOWNTOWN CHICAGO FOR SALE

Click below to see the downtown Chicago condos currently listed for sale in your desired price range. You can narrow the results by internal and external features. Pending sales are excluded.

$3M & Above$2M to $3M$1.5M to $2M$1M to $1.5M
$900K to $1M$800K to $900K$700K to $800K$600K to $700K
$500K to $600K$400K to $500K$300K to $400K$200K to $300K

Email Fran Bailey for more information on condos in downtown Chicago for sale.

To see downtown Chicago condo & co-op reviews and what’s for sale in those buildings see DOWNTOWN HOMES FOR SALE in the right column.

CONDOS IN DOWNTOWN CHICAGO STYLES

Condo styles in downtown Chicago range from low rise vintage to high rise new construction. There are brownstones, graystones, and contemporary townhouses. While you won’t find any co-op apartments in the Loop and River North you will find a few vintage to mid-century co-op apartments in the Gold Coast and Streeterville.

450 & 420 E Waterside Condos in Downtown Chicago

450 & 420 E Waterside Condos in Downtown Chicago

Some of the newer condos in downtown Chicago include: 401 N Wabash – Trump Tower in River North, 11 E Walton – The Elysian in the Gold Coast, 520 S State – Library Tower in the Loop and 600 N Lake Shore Drive in Streeterville.

232 E Walton Place Condo in Downtown Chicago

232 E Walton Place Condo in Downtown Chicago

CONDOS IN DOWNTOWN CHICAGO MARKET STATISTICS

The median sale price of listed condos in downtown Chicago in 2011 was $314,500. 2,458 were sold. 225 condos (9%) sold for $1,000,000 or higher. 24 homes (1%) sold for $3,000,000 or higher. The highest priced sale was $7,200,000.

Median prices for condos in downtown Chicago drifted down in 2011 as shown below. The median sale price in January 2012 was 20.5% lower than in January 2011.

Monthly Median Prices for Condos in Downtown Chicago March 2010 - March 2012

Monthly Median Prices for Condos in Downtown Chicago March 2010 - March 2012

The market isn’t back to a normal (balanced) market, but it is getting closer. As shown below the inventory of listed condos in downtown Chicago for sale dropped by a third in 2011 from 3,111 units in January 2011 to 2,074 in January 2012. Less inventory means less competition for sellers and fewer choices for buyers.

Condos in Downtown Chicago For Sale Monthly March 2010 - March 2012

Condos in Downtown Chicago For Sale Monthly March 2010 - March 2012

CONDOS IN DOWNTOWN CHICAGO AMENITIES

To learn about downtown Chicago’s transportation, schools, entertainment, restaurants and more see Baird & Warner’s neighborhood information about the Near North Side and Loop.