Sunday, January 11, 2015

Trumped! Top 3 Condo Sales in Chicago's Near North for 2014

A near 15,000 square penthouse at Trump International Tower and Hotel, 401 N Wabash, Chicago IL 60611 was the highest sale in Near North Community Area this year at $17 million cash. It is reportedly the highest ever price paid for a condo in Chicago. Photos Eric Rojas and Bob DePalma, Brokers, Kale Realty
The List: Top 3 Condo Sales in the Near North Community Area for 2014
A Trump Tower unit led an impressive year of luxury condo sales in 2014. Price per square foot for luxury homes in the most desirable locations seemed to know no bounds this year.
1. $17,000,000, Trump Tower, 401 North Wabash, Unit 89A, Chicago IL 60611.  The "5 Bed, 7.2 Bath" 14,260 square foot River North unit Closed 10/7/14, Cash deal.  The condo is raw, unfinished space and had an asking price of $32 million. Trump Tower had 55 closed sales in the MLS for 2014 with a median price of about $1,170,000.

 2. $7,400,000, 209 East Lake Shore Drive, 11-E, Chicago IL 60611. 3 Bed, 3.2 Bath, 5,700 square feet. Closed 6/26/14. Cash deal in a Co-op building.
 3. $5,250,000, 159 East Walton, 21A Chicago IL 60611  "Pamolive Building". 3 Bed, 3.1 Bath, 4,732 square feet. Closed 7/3/14. Conventional mortgage financing. The Pamolive Building had 14 unit sales in 2014 for a total of $22,334,375 in sales volume.
All sales stats gathered and interpreted from by Eric Rojas and Bob DePalma.
Photo from Michigan Avenue Bridge, Eric Rojas, Broker, Kale Realty

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