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.

Photo by: Koenig & Strey Living room of 1300 N. Lakeshore Drive. Space is the major sell point, but the Lake Shore Drive apartment has details that add panache. Like these electric powered shades on wide windows that run the length of the living room and dining area. The floor-to-just-below-the-ceiling built-in bookcase (this unit has lots of built-ins) and brass on the lamp bases and lamp stand. This floor plan got our vote.

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.

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