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.
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.
|$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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