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Three homes plus two days plus one neighborhood equals $12 million

Trio of multi-million dollar deals were inked in one Chicago neighborhood
  • 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.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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 c...