Most Expensive Homes For Sale In Lincoln Park Chicago Il
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I can 100% say that Im guilty of driving around Chicago looking at the massive houses and apartments that line the city streets. Its sort of like therapy for me. And I always think to myself, one day Ill own one of these. Im sure Im not the only person who has driven by those expensive properties and gawked. Its hard not to look, am I right? And Ive always wondered, how rich do you actually need to be to afford one of these? Trust me when I say thishowever much you think that beautiful white brick stone costs, triple that number. No, actually, quadruple that.
So, were going to look at the 5 most expensive homes for sale in the Lincoln Park area of Chicago. From the cheapest costly one to the you might need to sell your kidney and more expensive one. I gathered these from Zillow, but Im sure there are even more extravagant ones on the market from different sites. Well take a look at square footage, style, amenities, and of course, the ridiculous prices.
Here Are The 3 Most Expensive Winnetka Home Sales Of 2020 So Far
WINNETKA, IL The coronavirus pandemic has not slowed the village’s luxury real estate market in the first three quarters of the year. If anything, it has accelerated it.
There were no sales in the whole of 2019 breaking the $5 million mark in Winnetka. But so far in 2020, three single-family residential properties in the village have sold for more than $5 million, including the most expensive suburban home sale of the year to date, according to real estate listings and property records.
The median sale price for single-family homes in Winnetka was $1.28 million in August, compared to a median list price of $1.349 million, according to realtor.com market data.
Asking prices in the village were up 4.2 percent above a year prior, with the median price at $331 per square foot. Listed properties sold for an average of 4.5 percent below their asking prices after spending an average 78 days on the market.
Last month, Winnetka’s third most expensive home sale of the year closed for $5.5 million, according to listing records. The four-bedroom Belgian Farmhouse-inspired design is located west of Sheridan Road and north of Tower Road Park. The home was first listed on Aug. 3 with an asking price just under $6 million, according to its listing.
The second most expensive home sale of the year is a massive mansion that spent more than 10 years on the market before being sold in July.
The most expensive home sale in Winnetka so far was a lakefront property next door to Centennial Park.
With An Official Asking Price Of $50 Million This Burling Street Mansion In Chicago Makes It The Most Expensive Home Ever Listed In The City
The 25,000-square-foot home was built in 2008 by United Automobile Insurance chairman and CEO Richard Parrillo and his wife Michaela, according to Curbed Chicago. The couple paid $12.5 million for the seven lots on which the home sits, and built the mansion for an estimated total cost of about $65 million.
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How Many Millionaires Live In Chicago
A total of 11 billionaires live in Chicago with a combined net worth of $49.5 billion. Of Chicago residents with a minimum 10-figure net worth, Ken Griffin is the wealthiest, worth an estimated $15 billion. Highland Park is the city with the second most billionaires with the highest combined net worth in Illinois.
Why Is Chicago So Cheap
Two reasons its so cheap in Chicago compared to other major cities. First, Chicago proper is *huge* in terms of land area, particularly compared to Boston and NYC. Second, there is no geographical delimiter between areas of the city and suburbs its a conglomerate, *yet its an old city with a huge CBD*.
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N Orchard St Chicago Il 60614
Price: $6,695,000 | Sqft: 9,000 | Bed/Bath: 8 bed, 9 bath
The main level this house in Lincoln Park feature living and dining spaces with huge windows for amazing light. The kitchen has two islands one with a built-in breakfast table, 6-burner stove & griddle, double ovens, steam oven, and a prep sink. There is also a butlers pantry that has a prep sink, built-in espresso maker, and wine refrigeration. The adjacent great room backs up to the deck and yard-allowing for true indoor-outdoor living. There also is a separate, fully enclosed office. A beautiful central glass staircase takes you to the bedroom level where you will find four bedroom suites including the master with closets, a hidden desk/office nook, and a spa-quality bath.
Winnetkas Le Grand Reve Mansion
If you think Jordans long-listed mansion is bad, wait until you read about the 27,000-square-foot mansion in Winnetka which has been up for sale for more than a decade. The property was listed for $28 million in January 2010 after it failed to sell at $32 million the previous year, and it has now been knocked down to an asking price of $9.5 million. Since its design by LA architect Richard Landry in 2008, the mansion has remained pretty much unchanged. It is currently owned by commercial real estate executive Sherwin Jarol and his wife, Deborah.
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Illinois Most Expensive Home Is A $19 Million Chicago Mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Illinois most expensive home is a $19 million Chicago mansion
Edyta & Co Interior Design
In 2009 Edyta Czajkowska founded her namesake design firm EDYTA & CO. with a primary objective of creating meaningful interior environments that are clean line, chic and fresh. EDYTA & CO. focuses on high-end residential and boutique commercial interiors. Each project is carefully curated and edited to reflect an artistic and tailored sensibility for todays modern living.
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The 25 Most Expensive Chicago
Despite uninspired Chicago-area home-sales data, the wealthiest Chicagoans are still buying, selling and building.
Chicagoland single-family home values have been decelerating, according to the most recently reported S& P CoreLogic Case-Shiller Index, and home-price growth trails nationwide averages.
But the ultra high end housing market continues to march forward. Led by condominium units in newly built Gold Coast towers that have changed hands for stratospheric, previously unseen sale prices, the $10 million-and-up price tag continues to see plenty of deals. In fact, of the 25 highest-priced home sales in Chicago-area history, fully eight of them have taken place in the past three years.
Although no one factor seems to be driving this upward push, its clear that the wealthiest of Chicagoans generally favor new construction, customization and privacy.
Using public records, weve rounded up the top 25 Chicago-area home sales of all time, all of which have taken place since the start of the year 2000. Some caveats and comments about methodology:
N Burling St Chicago Il 60614
Price: $5,795,000 | Sqft: 6,600 | Bed/Bath: 6 bed, 6 bath
This home features high ceilings, custom windows, intricate moldings, stone, tile, and cascading center staircase. The main entry has an exterior heated limestone entry, a foyer, 12 ceilings throughout, and a separate formal living room with a shared fireplace between the dining room, music gallery, and butlers pantry. The kitchen has a massive quartzite island with a ton of cabinetry and storage, 60 Wolf Range, separate full-sized fridge and freezer, beverage centers, 2 dishwashers all overlooking a large banquette/eat-in area, and a large family room with access to a teak terrace with a built-in grill.
The 2nd level features 4 bedrooms, including a master with custom built-ins, floor to ceiling windows, a private terrace overlooking the backyard, an ensuite bathroom with separate vanities, a soaking tub, an oversized shower, and a large walk-in closet with a separate prep vanity. 3 additional bedrooms, including 1 with an ensuite bathroom and full laundry room complete this level.
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Leutheser Said The Property Sits On One Of Chicagos Most Premiere Blocks
Despite the fact that the couple spent around $65 million on the home, they are asking $15 million less due to the current state of the housing market. Across the street from the Parrillos is a 14,000-square-foot mansion on five city lots that went for $13.3 million in December 2015. Its asking price started out in 2014 at $18.5 million, according to Crains.
The Parrillos $45 Million Lincoln Park Listing
The home of United Automobile Insurance Co. Chairman and CEO Richard Parrillo and his wife, Michaela, made the news in 2016 when it was put up for sale for $50 million. The seven-bedroom, 25,000-square-foot mansion was built in 2005 after the couple bought a series of linked plots of land in Lincoln Park, and its still sitting on the market now at a reduced price of $45 million. The couple has said they will be taking a significant loss on the property, which cost them $65 million to build and $12.5 million for the land beneath it. The mansions price tag is more than double that of Chicagos next-highest listing a six-bedroom, 13,400-square-foot mansion on North Dearborn Street available for $19.5 million.
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The $58 Million Home Is A Combination Of Four Units
A rendering of the lobby at No. 9 Walton
Hedge fund billionaire Ken Griffin has splashed out on the most expensive home ever sold in Chicago, paying around $58 million for four units at the top of a new condo development.
Mr. Griffin, 49, the founder of financial firm Citadel and the richest man in Illinois, bought the penthouse of No. 9 Walton plus the three full-floor units beneath it through a limited liability company tied to his company, according to county property records.
You’ve lost the opportunity to live like a chewing gum tycoon. The Gilded Age Chicago home of William Wrigley Jr, originally built in 1896, has found a buyer
Mansion Global
The billionaireworth an estimated $8.6 billionclosed on the units in November in four transactions totaling around $58 million, according to information provided by the Cook Recorder of Deeds. A spokesperson for Citadel did not immediately return request for comment about the sale.
The four units are at the top of No. 9 Walton.
Mr. Griffin reportedly purchased the home as raw spaces, meaning hell have to pour many more millions into finishing and furnishing the homes,according toCrains Chicago Business, which first reported the sale.
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Mr. Griffin has been stuffing his real estate portfolio with some superlative buys. In 2012, he set a Palm Beach record when he bought four adjacent lots for $130 million, Mansion Global previously reported.
Most Expensive Homes For Sale In Chicago
Buying a home is an investmentand an increasingly expensive one. The median value of a home in the United States reached $363,300 in July 2021, according to the National Association of Realtors. The market grew competitive and the price of homeownership shot out of reach for many Americansbut not for those willing to shell out big money for the most expensive homes on the market.
Homes with big price tags come with all sorts of enviable amenities. Pools, home gyms, high-tech fixtures, sweeping security systems, spacious yards, and a room for every need are luxuries most people covet. As people spent more time than ever before in their homes, these luxuriesand the cavernous square footage and yards that house thembecame more desirable than ever.
The appetite for homes selling in the high six-figure range became voracious in 2020, and that trend continues into 2021, according to data from Redfin. Sales of such luxury homes increased
41.6% year-over-year in the first quarter of 2021, growing significantly more than the smaller increase for more moderately priced homes.
To learn more about home values in Chicago, Illinois, Stacker analyzed data from realtor.com to compile a list of the most expensive homes for sale in the city. Homes are ranked by price with ties broken by price per square foot.
See the most expensive homes for sale in Chicago below:
#10. 4 E Elm St Unit 20, Chicago – 6 bedrooms 6 bathrooms 6,600 square feet $1,954 per square foot
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Solomon Cordwell Buenz Scb
SCB is an architecture, interior design, and planning firm that practices nationally from offices in Chicago, San Francisco, and Seattle. Since 1931, SCB has made a lasting impact on the nations skyline, campuses, and neighborhoods, helping their clients across the country achieve their goals, serve their constituencies, and make their mark.
Chicago Luxury Most Expensive Homes Sold Quickly In June
Looking back at the Chicago luxury real estate market in June, there seemed to be a real need for speed. The top homes were off the market nearly as quickly as they were ontwo of the most expensive properties sold within just 10 days of being on the market.
So what has buyers closing deals so quickly? Its easy to see a few usual suspects among the features of recently sold luxury homes: wide lots, ample square footage and great neighborhoods. With a standard lot size of 25 ft x 125 feet, an extra-wide lot allows for mega square footage within a home, and many buyers want that extra space.
Lincoln Park also continues to be a neighborhood of choice for luxury buyers. Sought after for its quick access to the loop, easy bus transportation to Michigan Avenue and its host of interesting, diverse architecture, Lincoln Park has been a longtime favorite among both long-time Chicagoans and those relocating to the city for the first time.
Overall, June saw just over $138 million in total sales volume for Chicago luxury homes. The highest sale price was a whopping $4.9 million , and 17 homes sold for more than $2 million, suggesting that ultra luxury may be the new luxury.
With that, lets take a look at the five highest-priced sales from last month, starting with the most expensive:
544 W Dickens Ave Original list price: $5.1 millionSold price: $4.9 million
2224 N Dayton St Original list price: $2.65 millionSold price: $4.8 million
850 W Willow St
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