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 |
|---|---|---|---|---|
| 1 | 11 E Walton - The Elysian | $3,600,000 | Gold Coast | 2 |
| 2 | 50 E Chestnut | $2,850,000 | Gold Coast | 3 |
| 3 | 199 E Lake Shore Drive | $2,812,500 | Gold Coast/Streeterville | |
| 4 | 1340 N State | $2,450,000 | Gold Coast | |
| 5 | 840 N Lake Shore Drive | $1,981,250 | Streeterville | 1 |
| 6 | 1040 N Lake Shore Drive - The Carlyle | $1,700,000 | Gold Coast | 8 |
| 7 | 270 E Pearson - The Belvedere | $1,647,500 | Streeterville | |
| 8 | 1035 N Dearborn - Maple Tower | $1,625,000 | Gold Coast | |
| 9 | 232 E Walton | $1,550,000 | Streeterville | |
| 10 | 180 E Pearson - Water Tower Place | $1,530,000 | Streeterville | 10 |
CHICAGO LUXURY CONDOS FOR SALE
Click below to see Chicago luxury condos for sale by price range. You can narrow the results by internal and external features. Pending sales are excluded.
| $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 shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
