Significant 2023 transactions in Chicago’s luxury market occurred in penthouses and grand apartments with commanding views. At the ultra-luxury level, new construction at One Bennett Park and the St Regis saw sales over $6 million followed by spacious residences at 9 W Walton and 2550 N Lakeview, selling over $5 million. A full floor 8,000 square foot raw space penthouse at the Park Tower sold in less than four months for $11,200,000.
Buyers at the upper-end of the market often pay cash or finance against other assets, making them very attractive to sellers of luxury properties. Buyers in the luxury resale market are finding premier properties below market value and many are being sold beautifully and fully
Grand space, dramatic views, and excellence in design
451 E Grand Avenue
Welcome to One Bennett Park, where you’ll find luxurious condos with stunning views of Lake Michigan and Chicago’s beautiful skyline. This impressive high-rise in the popular Streeterville neighborhood offers everything a luxury buyer could want: top-of-the-line resident amenities, exquisite architecture, spacious floor plans, and world class service. If you're searching for your perfect home among the upscale real estate options available in this vibrant city, look no further than One Bennett Park's condominiums for sale—you'll be sure to find something that exceeds all of your expectations! LEARN MORE
They evoke visions of luxury and status. Find out why penthouses remain so popular, both in Chicago and across the country.
Mention the word “penthouse” and you immediately think of prestige and exclusivity. A penthouse is commonly considered the most desirable part of any residential building, both because of its view and because of its unique layout and features. If you’re in the market for a Chicago penthouse -- or one in another in-town luxury market around the country -- it’s important to understand what you can expect and what you should consider
Your Guide to Chicago Penthouses
Life in a luxury building is already great; why choose a penthouse? A penthouse offers many advantages over even the most upgraded units in many residential