The 10 Most Expensive Downtown Chicago Condo Buildings in 2012

While reviewing 2012 downtown Chicago condo sales statistics I ranked the median sale price for the more expensive buildings. Only condo buildings that had at least 2 sales recorded in Chicago’s multiple listing service (MRED) that closed in 2012 were included in the rankings. Only listed sales were used in determining median sale price for a building.

Like last year, to make the top 10 in the rankings a condo building needed a median sale price of over $1.5M. All of the buildings are either in the Gold Coast or Streeterville.

The most expensive downtown Chicago condo building in 2012 was 11 E Walton (The Elysian) with a median sale price of $3.6M. It sits atop the Waldorf Astoria Hotel in the Gold Coast. It had the second highest median sale price in 2011.

2011′s most expensive downtown Chicago condo building, 840 N Lake Shore Drive, fell to 5th most expensive in 2012. Only 5 of the buildings that made the top 10 list for 2011 made the list for 2012.

Two of the buildings that made the list are actually co-op apartment buildings, not condos. 199 E Lake Shore Drive and 232 E Walton made the list. There were no co-op apartment buildings on the list last year.

10 MOST EXPENSIVE DOWNTOWN CHICAGO CONDO BUILDINGS IN 2012

RANK
CONDO OR CO-OP
2012 MEDIAN SALE PRICE
NEIGHBORHOOD
2011 RANK
111 E Walton - The Elysian$3,600,000Gold Coast2
2 50 E Chestnut$2,850,000Gold Coast3
3199 E Lake Shore Drive$2,812,500Gold Coast/Streeterville
41340 N State$2,450,000Gold Coast
5840 N Lake Shore Drive$1,981,250Streeterville1
61040 N Lake Shore Drive - The Carlyle$1,700,000Gold Coast8
7270 E Pearson - The Belvedere$1,647,500Streeterville
81035 N Dearborn - Maple Tower$1,625,000Gold Coast
9232 E Walton$1,550,000Streeterville
10180 E Pearson - Water Tower Place$1,530,000Streeterville10

CHICAGO LUXURY CONDOS FOR SALE

Click below to see Chicago luxury condos for sale by price range.

$5M & Above$3M to $5M$2M to $3M$1.8M to $2M
$1.6M to $1.8M$1.4M to $1.6M$1.2M to $1.4M$1M to $1.2M

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ABOUT THE AUTHOR

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 fran.bailey@bairdwarner.com or call 773-793-4516. Learn More