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.
Gold Coast $945K. Trivia: The 1880 Archbishop’s residence on North State Parkway is the oldest
house in the neighborhood. For a modern touch, take a look at this
3-bedroom 2.5-bath renovated condo at 1300
N. Lakeshore Drive. Built in 1963 – a couple of decades
before the 1980s appraisal of the Gold Coast as second most affluent ZIP code in
the country – this 2,200-square-foot apartment sits on the 22nd floor of a 41-story skyscraper with
postcard views of the skyline and Lake Michigan. Average listing price for Near
North homes is $1.12 million, but in this very
building another 3-bedroom unit sold for $1.8 million. So when price reductions
come along in tandem with this kind of luxe appeal – this unit shaved off
$30,000 – get stoked, take a tour and ask the doorman where to find the best gnocchi
in town. Listed by Margaret Carlson of Koenig
& Strey. Asking $945,000. Perk: Private entrance.