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.
| $5M+ | $3M - $5M | $2M - $3M | $1.8M - $2M |
| $1.6M - $1.8M | $1.4M - $1.6M | $1.2M - $1.4M | $1M - $1.2M |
QUESTIONS?
Call Fran at 773-793-4516, text or email
Fran Bailey specializes in downtown Chicago, Lincoln Park and Lake View condos, co-op apartments and houses. She has shared home buying and selling advice since 2006 and written about over 130 Chicago high rises. To schedule showings for any listings, get a 
