Michigan Avenue - Niche Media - Michigan Avenue magazine is a luxury lifestyle magazine centered around Chicago’s finest people, events, fashion, health & beauty, fine dining & more!
Issue link: http://digital.greengale.com/i/786768
Huron—it sold out almost immediately. MA: So it's all about new condos? ESW: No. It's about anything that has a fresh new look and is already done. Anytime you come out of a recession you have big change. Pre-recession, everything was very traditional and Gold Coast or Lincoln Park. Now there are so many great neighborhoods that luxury apartments and houses are selling everywhere as long as it's modern and new, and people like its vibe. MA: What do you see going fast? RD: People are redoing apartments in the old classics, such as Water Tower Place, The Carlyle, 161 E. Chicago Ave., 950 N. Michigan Ave., and 1555 N. Astor, because they have spacious apartments, stellar locations, and outstanding amenities. And the so-called B buildings are making a huge comeback for some of those reasons, too, such as 1100, 1110, 1212, and 1300 N. Lake Shore Drive. ESW: The new sweet spot is $2 million. Anything good in that range goes really fast. Two of my listings getting a lot of action right now are totally renovated vintage homes on North Dayton Street. One is a 5-bed, 3-bath row house with a two-car garage at 2043 for $1.620 million, and the other is a 4-bed, 3.5-bath 4000-square-foot home with a two-car garage at 2225 for $2.395 million. RD: We have a spectacular 4-bed, 7-bath, 8,000-square-foot unit with a 17-foot-high living room and 240-degree views at 161 E. Chicago Ave. for $4.299 million; a 3-bed, 4.5-bath 5,000-square-foot unit with multiple balconies at 950 N. Michigan Ave. for $3.8 million and a 5-bed, 6-bath 6,550-square-foot unit with 360-degree views at 1555 N. Astor St. for $3.625 million. . "NOW, THERE ARE SO MANY GREAT NEIGHBORHOODS THAT HOUSES ARE SELLING EVERYWHERE AS LONG AS THEY'RE MODERN AND NEW." —emily sachs wong here and bottom right: 1555 N. Astor #28EW boasts soaring views of the city, Lake Michigan, and Lincoln Park The gourmet kitchen at 950 N. Michigan #5103; below, 17-foot ceilings highlight the family room at 161 E. Chicago Ave. MICHIGANAVEMAG.COM 97