Got $1 million to spend on a Chicago home? Here’s what you can expect
What can you buy in Chicago for $1 million? Crain’s Chicago Business provides a hint in this story, a look at three different homes in the Chicago area that buyers could purchase for about $1 million, proof of how diverse Chicago’s residential real estate market is.
For instance, a four-bedroom, 2,500-square-foot home in Chicago’s Ukrainian Village sold for $1.075 million on April 7.
According to Crain’s, the sellers purchased the home in 2014 for $455,000 and then completed an extensive rehab of the property. The home’s kitchen features plenty of cabinet space in neutral gray colors, while a kitchen wall is made of Chicago common brick.
There is plenty of outdoor space, too. The home’s family room has a set of sliding doors that open to an extensive outdoor space. An added perk? The home sits within walking distance of the CTA Blue Line and a Mariano’s grocery store.
Another example of a recent million-dollar sale in Chicago? On April 6, buyers spent $1.025 million for a condo on the 44th floor of the Harbor Point high-rise in Chicago’s Lakeshore East neighborhood.
The condo’s biggest selling point is its view; residents can see from Navy Pier all the way to Willis Tower from the 44th floor vantage point.
Harbor Point, which rises 54 stories, opened in 1975, and has the distinction of being Chicago’s first purpose-built condominium high-rise. It sits at the east end of Randolph Street where the street connects with Lake Shore Drive. The home comes with three bedrooms and 1,850 square feet of living space.
Of course, most buyers won’t be spending $1 million on a home. The good news? There are Chicago condos and single-family homes out there perfect for a wide range of budgets. If you’re ready to find a new home in the city, be sure to work with a realtor who knows the neighborhoods that interest you. These professionals can help you find the right Chicago home at the right price.