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Monday, January 26, 2015

Historic Prairie Avenue Home to the Top 5 Highest Selling Homes in 2014

Highest Selling Home in 2014?  1841 S. Pairie Ave
(via Redfin)
As you probably are aware, real estate tends to be a hot topic in the South Loop.  With that said, the fine peeps at redfin sent us an email we thought people might be interested in:
Now that 2014 is over, it’s time to take stock. What were the highest selling homes in the Sloopin coverage area? What can it tell you about the make-up and the market in the Sloop? 
So, here we go! Unsurprisingly, all five homes were on Prairie Avenue. 
1. 1841 S Prairie Ave. A single family home in the Near South Side, this 5-bed, 5-bath home is covered in marble and includes all the bells and whistles you’d expect at this price-point. It sold for $1.75M. 
2. 1831 S Prairie Ave. Practically next door to the top-ranking home, this far more modest single-family row home fetched $1.62M and sold before print. Located across from the Chicago Women’s Park and Gardens, this home is on a decidedly elegant, historic street. 
3. 1211 S Prairie Ave, #2901. Located in the Signature Tower at Museum Park, this corner unit on the 29th floor includes spectacular views and an incredible (for a condo) 2,924 square feet. It sold for a whopping $1.616M. 
A million dollar view from 1201 S. Prairie #4901 (via Redfin)
4. 1211 S Prairie Ave, #5101. While photos are no longer available, this 51st floor unit in the Signature Tower includes two parking spaces, north and east views, and 9-foot ceilings with floor-to-ceiling windows. It sold for $1.6M. 
5. 1201 S Prairie Ave, #4901. Located in The Grant, this unit had been on and off the market since 2006. This unit sold for $1.545M, but the listing mainly touts the building’s amenities, not the unit’s. With HOA dues of $1,370/month, residents are going to demand high-quality building amenities.

While the most expensive homes don’t necessarily reflect the taste of everyone in the neighborhood, aspirational homes often represent the ethos of a neighborhood. Where do people most want to live? What is priced most highly? And why?

I think the answer to their questions is simply achieved by just clicking through some of the pictures from those listings.

(Hat tip:  AS!)

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