Let’s Talk Luxury: 50 East Chestnut Starts Closings
There are a lot of luxury units on the market and more will be coming onto the market next year. But quietly, 50 E. Chestnut, the 34 unit boutique luxury building in the Rush Street Corridor at Chestnut and Rush has started closing on units.
I’m able to locate only two closings so far, but others have said there have been a handful.
The building is only 50% sold.
These units are full floor units with windows on each side (although the north facing side is almost fully concrete due to it facing into the nearby Bristol.) They are also big units- ranging from 3,579 to 3,937 square feet. They are like a “home in the sky”- reminiscent of the luxury apartments built in the 1920s along the lakefront.
Other amenities:
- Private elevator entry directly to your unit
- Library
- Family room
- Subzero appliances
- Dog run
- At least two terraces per unit
- 9.5 foot ceilings
Prices range from $2,476,900 to $3,325,900. Parking is $65,000 extra. The two units that have closed already are Unit #2401 and Unit #2801. #2401 closed for $3,096,000. #2801 closed for $2,831,500.
These are the pictures put out by the developer of what the units will look like. They have a full-sized model now open in the building.
Jameson Development is the developer. Jameson Realty is handling sales.
50 E. Chestnut [website]
Hi Sabrina,
I checked the MLS and there have been more closings.
2801 $2,831,234 now rented for $16,000/month
3001 $2,929,274
2401 $2,936,900
3101 $3,096,357
Thanks Streeterville Realtor.
So four have closed so far. 17 are apparently “sold”. But we’ll see how many of them close. I’m surprised that the ones that have closed so far are actually on the higher floors as they usually close buildings from the bottom up. They must have only sold units on the upper floors and not the lower.
I have fantasies that units in beautiful buildings like this will start going for $600,000 next year. 🙂 “A deee-lux apartment, in the sky-high-high…”