- Three multi-million dollar homes in Lincoln Park sold over two days.
- Two are attached to Lincoln Park 2550 condo tower, where a third similar home is under contract.
- Two developers bought the two sites where the homes are located just two years ago.
One Lincoln Park block will be home to three new neighbors in the near future. In the course of just two days, three new or extensively renovated homes changed hands to the tune of $12 million.
That’s taking last-minute Christmas shopping to a whole new level.
Developers had scooped up land surrounding a condo tower and a nearby, decrepit multi-unit building in late 2013 with the vision that these luxe homes would soon be built. They just had no idea that three of the four resulting units would sell in a span of about 48 hours.
Two of the houses are brand new, and are attached at street level to the Lincoln Park 2550 condo tower, located at 2550 N. Lakeview.
The buyer of 435 W. Deming Place paid a little less than $5 million for the property Dec. 17. The following day, someone scooped up 431 W. Deming for the bargain price of $3.5 million. Of those add-ons to the condo tower, one more remains, but sources tell Crain’s Chicago business that that property is under contract.
Both sold properties have five bedrooms, so there’s some space to spread out for that much cash. The buyers worked closely with developers on the interiors of the homes.
The units are a three-home development that LG Development Group built on the parcel. LG paid $3.7 million for the parcel two years ago, at that time a four lot share in what was intended as 11 single-family home lots.
Across the street, 458 W. Deming went for $3.35 million, also on Dec. 18. LG was the contractor for that renovation, which took a dilapidated former small apartment unit and turned it into a single-family palace.
The lot was picked up for $1.1 million by its developers almost exactly two years ago.
The identities of the buyers and images of the finished interiors of the homes are unavailable.