realestate

Luxury Condo in Gold Coast Sells for $7.3M Amidst Hot Streak

JDL Development's No. 9 Walton has sold another ultra-luxury condo on its 19th floor, adding to a streak of high-end sales in Chicago's area.

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he recent sale of a 5,200-square-foot condo on the 19th floor of JDL Development's luxurious No. 9 Walton building in Chicago's Gold Coast neighborhood has generated significant interest in high-end real estate in the area. The property, which was previously owned by Major League Baseball player Jason Heyward, was sold to an undisclosed buyer on August 30 for $7.3 million ($1,403 per square foot), according to Crain's report. Susan Miner of Premier Relocation represented both the sellers and buyers in the transaction.

    The sale marks the sixth property in the region to sell for $7 million or more within just 18 days, indicating a strong demand for elite properties in Chicago. Heyward purchased the condo in 2018 for $6.9 million ($1,326 per square foot) and listed it for $7.6 million two years later. The property was sold via a land trust to an unidentified buyer for $7.2 million ($1,384 per square foot) after just 13 days on the market.

    The latest sale has increased the value of the condo once again, reflecting continued interest in high-end properties in Chicago. The building has become a popular destination for multimillion-dollar condo transactions since its opening in 2017. The unit features a 360-square-foot covered terrace and includes three valet parking spaces. While minor aesthetic changes have been made, the sellers largely maintained the design choices made during Heyward's ownership.

    The sale is part of a remarkable run in Chicago's luxury real estate market, with six of the 10 highest-priced home sales of the year closing during this 18-day span. This includes a Lincoln Park mansion that sold for $15.25 million. Additionally, 10 homes priced at $10 million or more have hit the market since mid-July, further indicating a robust appetite for upscale properties in the area.

Gold Coast luxury condo sells for $7.3 million amidst real estate boom.