What are the priciest home sales of all time in the Chicago market?
The Chicago housing market is no stranger to big sale prices. Need proof? Check out this story by the Chicago Tribune. It lists the 25 most expensive home sales ever in the Chicago area.
What’s most interesting about this list is that of these big deals, eight of them have closed in the last three years. Maybe that’s not overly surprising. Home prices in the Chicago have risen during this time. It makes sense that some of the most expensive Chicago-area sales of all time, then, would close during these last three years.
So, what’s the most expensive home sale of all time in the Chicago area? The Tribune cited the 2017 sale of 9 W. Walton St. in Chicago’s Gold Coast neighborhood. According to the Tribune, that sale totaled a whopping $58.75 million. The buyer purchased the top four floors of a newly finished luxury tower in the Gold Coast. The home has a total of more than 25,000 square feet of space.
The second-most expensive sale in the area was the 2014 purchase of a home on Glade Road in Glencoe. The buyer, Groupon co-founder Eric Lefkofsky, spent $19.5 million for the 15,800-square-foot mansion that sits on a 4-acre property on Lake Michigan.
The third priciest sale took place in 2006 on Sheridan Road in the suburb of Highland Park. The buyer spent $19 million for a 17.5-acre property on the shores of Lake Michigan.
A 2015 sale at 800 N. Michigan Ave. in Chicago took the fourth spot on the list. Star Wars legend George Lucas and Mellody Hobson, the co-chief executive officer of Ariel Investments, spent $18.75 million for a full-floor condominium in the Park Tower.
Now, few of us will ever buy or sell a home for $58 million. But the number of recent big sales in the Chicago area just proves that the Chicago housing market remains an attractive one, and that this trend isn’t about to slow anytime soon.