How Much House Does $1 Million Get You in Chicago?

In the final segment of our bang-for-your-buck series, we show you what seven figures buys you in the Chicago real estate market.

In the final segment of our bang-for-your-buck series we cross the million dollar finish line. It's a psychological marker too. Buyers at this stage are no longer dipping a toe in the amenities pool. Whether they're the understated type seeking a quiet refuge, or a peacock, they want some value along with those all those zeros. A million-dollar house used to mean something, remember? We've corralled a list – from River West to Lake Forest – to see how the market treats us at seven figures. (If you missed it, here's our roundup of $500,000 houses in part three.)

626 Randolph Living Room

Photo by: Related Realty Median household income in River West is about $97K and the neighborhood attracts the 30-something set that rent or own townhouses and converted lofts, like this headliner on Randolph. The designers maintained the architectural integrity of this old soldier while layering on pizazz. See the original brick support and trim against the five windows in the background and behind the fireplace? Those recessed lights? Two design eras combined. The circular sofa and stuffed chairs add modern contours. Not shown in this angle – a 30-foot long by 7 1/2-foot deep terrace. Southern exposure, naturally.

River West $1.15M. We begin with this beauty. It’s a duplex, a penthouse and a loft. And it’s an irresistible corner unit that begs “film me!” Built in 1904, this 3-bedroom, 2-bath duplex has a sprawling 3,000-square-foot blend of theatrical exposed brick and timber, artful lighting and … character. Starting with the impressive two-story atrium that has the effect of lifting and floating space above the living room. (A balcony scene comes to mind.) Located in the loft building at 626 West Randolph Street, this million-dollar baby is approximately $300,000 below the average price for similar comps in the neighborhood, now hovering at $1.46 million. Presented by Kathleen Malone and Gwen Farinella of Related Realty. Ask: $1,150,000. Perk: Fresh, homemade pasta at Jessica Volpe's Pasta Puttana on Grand Avenue.

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