Here’s my 9th annual list of the most expensive condo and co-op apartment buildings in Chicago. Each January while reviewing the previous year’s sales statistics I rank the median sale price for the most expensive buildings. Only condo and co-op apartment buildings that had at least 2 sales recorded in Chicago’s multiple listing service (MRED) that closed in 2019 were considered.
The most expensive Chicago building in 2019 was No 9 Walton at 9 W Walton in the Gold Coast. It had a median sale price of $4,328,079. It was #3 on the list last year.
Buildings making the list for the first time include One Bennett Park at 451 E Grand in Streeterville, 2035 N Orleans, a boutique building in Lincoln Park, 900 W Washington, a boutique building in the West Loop and Renelle on the River in River North.
The Waldorf Astoria has always made the list and multiple years had the highest median sale price. It didn’t make the list in 2019 as there were no closed sales. Other buildings that made the list in 2018, but had no sales in 2019 include 65 E Goethe, 50 E Chestnut and 1550 N State, all in the Gold Coast.
THE 10 MOST EXPENSIVE CHICAGO RESIDENTIAL BUILDINGS IN 2019
|RANK||BUILDING||MEDIAN SALE PRICE||NEIGHBORHOOD||2018 RANK|
|1||No. 9 Walton||$4,328,079||Gold Coast||3|
|2||One Bennett Park||$3,987,500||Streeterville|
|3||4 E Elm||$3,700,500||Gold Coast||4|
|4||2035 N Orleans||$3,200,000||Lincoln Park|
|5||1500 N Lake Shore Drive||$3,100,000||Gold Coast|
|6||900 W Washington||$2,950,000||West Loop|
|7||Park Tower||$2,720,000||Gold Coast||1|
|8|| 30 W Oak||$2,550,000||Gold Coast|
|9||The Carlyle||$2,267,500||Gold Coast|
|10||Renelle on the River||$2,217,650||River North|
CHICAGO LUXURY CONDOS & CO-OP APARTMENTS FOR SALE
|$10M or More||$5M - $10M||$4M - $5M|
|$3M - $4M||$2.5M - $3M||$2.25M - $2.5M|
|$2M - $2.25M||$1.8M - $2M||$1.6M - $1.8M|
|$1.4M - $1.6M||$1.2M - $1.4M||$1M - $1.2M|
Several people have asked why I don’t rank the buildings using price per square foot. First, many listings don’t provide square footage. Second, as I wrote about square footage in 2012 measurements even by professional appraisers can vary widely. Developers often calculate it from the center inside walls. Listing agents often round it up. It is far from being an accurate measure.