The 10 Most Expensive Chicago Condo Buildings in 2013

11 E Walton - The Waldorf Astoria

11 E Walton - Chicago's Most Expensive Building in 2013 & 2012

While reviewing 2013 Chicago condo sales statistics I ranked the median sale price for the most expensive buildings. Only condo buildings that had at least 2 sales recorded in Chicago’s multiple listing service (MRED) that closed in 2013 were included in the rankings. Only listed sales were used in determining median sale price for a building.

Last year to make the top 10 in the rankings a building needed a median sale price of over $1.5M. This year it had to be over $1.7M. All of the buildings that made the list are in downtown Chicago’s Near North Side area. Most of the buildings are in the Gold Coast neighborhood, but one each was in Streeterville and River North.

The most expensive Chicago condo building for the second year in a row was 11 E Walton (formerly called The Elysian, now the Waldorf Astoria) with a median sale price of $3.875M. Last year it was Chicago’s most expensive condo building 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 Chicago condo building, 840 N Lake Shore Drive, was the second most expensive building in 2013 after falling to 5th most expensive in 2012. Only 3 of the buildings that made the top 10 list for 2012 made the list for 2013.

One of the buildings that made the list is actually a co-op apartment building, 1500 E Lake Shore Drive. There were 2 co-op apartment buildings on the list last year.

10 MOST EXPENSIVE CHICAGO CONDO BUILDINGS IN 2013

RANK
BUILDING
2013 MEDIAN SALE PRICE
NEIGHBORHOOD
2012 RANK
111 E Walton - The Waldorf Astoria$3,875,000Gold Coast1
2840 N Lake Shore Drive$3,520,000Streeterville5
330 W Oak$3,350,000Gold Coast
41300 N State - The Ambassador$2,957,344Gold Coast
5 50 E Chestnut$2,895,000Gold Coast2
677 E Walton - The Residences at 900$2,705,000Gold Coast
7118 E Erie - The Ritz-Carlton Residences$2,600,000River North
81550 N State$2,275,000Gold Coast
91500 N Lake Shore Drive$2,043,750Gold Coast
101325 N Astor$1,725,000Gold Coast

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

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