3-Bedroom Lincoln Park Penthouse With City and Lake Views: 2550 N. Lakeview
This 3-bedroom penthouse in LP2550 at 2550 N. Lakeview in Lincoln Park came on the market in August 2020.
It had also been listed in 2019 but I’m choosing to show listing histories that are post the start of the pandemic as the real estate market really was pre-pandemic v post-pandemic.
Built in 2011, LP2550 was the first new high rise constructed on Lincoln Park in decades. It has 201 units and attached parking.
From the listing:
LP2550 is staffed with the best of the best and offers valet parking, in-house dry cleaning, an oversized swimming pool and sauna, steam rooms, a whirlpool, yoga room and sun deck. Other amenities include a state-of-the-art fitness center, movie theater, game room, club room and library. The building also has a private and lushly landscaped 1.25-acre park with a designated lounge area and dog run.
This unit is one of 2 penthouses. The listing said it was raw space when purchased and custom built.
It has 12 foot ceilings, arched windows and doors along with oversized white oak flooring.
There is custom steel shelving and a fireplace.
The kitchen has modern wood cabinets, Bertazzoni, Subzero and Bosch appliances along with a kitchen island with a porcelain marble slab.
The bathrooms also have porcelain marble slabs.
All 3 bathrooms are en suite.
There’s an office and a workroom with built in cabinetry.
The unit also has a family room.
It has all the features buyers look for including central air, a laundry room with in-unit washer/dryer and 4 deeded parking spaces are included.
According to the listing, the HVAC is a Daikin Hydronic 10-zone system that allows any room to be heated or cooled independently.
It also comes with a large bike or storage unit.
There’s a 13×6 covered terrace off the kitchen and 4 small balconies.
Listed at $6.75 million, this penthouse was under contract earlier in 2022 but has come back on the market.
Is this the ultimate in Lincoln Park city living?
Douglas Smith at @Properties Christie’s has the listing. See the pictures and floor plan here.
Unit #S3802: 3 bedrooms, 3.5 baths, 4250 square feet, penthouse
- Sold in December 2015 for $2.35 million (per Zillow)- raw space
- Originally listed in August 2020 for $6.75 million
- Under contract in February 2022
- Currently listed at $6.75 million
- Assessments of $5002 a month (includes gas, doorman, cable, clubhouse, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $89,575
- Central Air
- Washer/dryer in the unit
- 4 deeded parking spaces included
- Bike/storage unit included
- Fireplace
- Bedroom #1: 24×15
- Bedroom #2: 17×14
- Bedroom #3: 16×13
- Living/dining room: 32×26
- Kitchen: 17×17
- Family room: 17×15
- Gallery: 23×7
- Work room: 20×9
- Laundry: 9×8
- Terrace: 13×6
- 4 balconies
Are there no blinds in the bedrooms, or is it some ultra expensive hidden technology?
Love the workshop, people in condos need a space for that kind of stuff too! I dont like the lack of enclosed spaces (i.e. office). Personal preference perhaps..
6+M and an (albeit custom) TV over the fireplace? A black underlit toilet? I’d prefer the raw space again please. Stunning potential tho.
Does that black toilet have a weight restriction?
“Are there no blinds in the bedrooms, or is it some ultra expensive hidden technology?”
there looks to be a pocket above the windows. I’m guessing a motorized roller shade is in them.
This place is awesome.
Pritzker would pull the plumbing right out of the wall with that toilet. Wouldn’t even have to hire someone to remove it.
Easily one of the nicest condos in the city. I’d feel like a rockstar living here.
The choice of fixtures for the powder room is interesting but otherwise what a condo, dayum… Workshop is something you literally never see in a condo, and interesting how you can’t hang any art on those curved walls lol wouldn’t want to be an interior designer working with this space, would be insanely tough to deal with I’m sure.
From Rodkin’s story on it, it was asking $6.75m in 2019, too.
The bigger penthouse that sold last year ($9m for 8,000 sf) is bananas, too:
https://www.redfin.com/IL/Chicago/2550-N-Lakeview-Ave-60614/unit-T38-1/home/64225664
Eh, it’s nice, but the person who made the design choices does not have the same hobbies. The kitchen, while beautiful, is nothing special. At this price point and size, I want at least a convection oven, steam oven, walk-in pantry, gas and induction cooktop, etc… The workshop, considering the current layout, would have to to be kitchen-stuff storage. Bedroom closet is a bit small for two people. Wish there were pictures of the balconies. How are they for gardening?
“According to the listing, the HVAC is a Daikin Hydronic 10-zone system that allows any room to be heated or cooled independently.”
That sounds nice.
“Wish there were pictures of the balconies. How are they for gardening?”
The balconies are like Juliette balconies Lauren except not technically one. Looks like you can walk out on it but maybe just 2 feet wide. I don’t think you can put furniture out there.
All you really have for outdoor space is the covered 13×6 terrace.
I like recessed terraces when you’re on a floor that is this high. I would use that because you’ve got walls on three sides and seem well protected from the wind.
But penthouses aren’t usually all that great with outdoor spaces. They are too high in the building unless it’s a 100-year old vintage building where they built what is essentially a house on the top floor. But those buildings are not over 30 stories, usually.
Love the windows, views, design. Nice unit, but I don’t know if it is $6.5 million nice though, but I guess that is the address premium of having billionaire neighbors.
Decent drone view of the balconies at 1:10 in the video.
That 9 mil unit is incredible and on a PSF basis makes this unit seem overpriced.
Not a fan of the giant arches everywhere design. Others may love it, i could get used to it if i had too lol, but just seems to take up space unnecessarily.
The views rock from this building. You have lake views without being right on LSD with all the noise and pollution. And west views are amazing too.
““According to the listing, the HVAC is a Daikin Hydronic 10-zone system that allows any room to be heated or cooled independently.”
That sounds nice.”
I also can get this functionality with window a/c units. 😉 But seriously, that is one of the nice aspects of window units (or mini-splits). Less waste (not cooling rooms unnecessarily) and people can choose their own desired temperature without having Dad saying: “Turn the thermostat to 75! Electricity is expensive!” (I am the Dad.) And with internet-connected devices, one can do it on a room-by-room basis with a touch of a button on your phone without actually going to each room. Or you can install a 10-zone Daikin Hydronic system…
Pretty amazing views. I’d personally prefer a SFH at this price (can get a pretty nice one…and “save” $5000/month in HOAs), but I get that some people prefer living in a residence in the sky in a full amenity building.
Guessing this system has sophisticated chips.
“I’d personally prefer a SFH at this price (can get a pretty nice one…and “save” $5000/month in HOAs), but I get that some people prefer living in a residence in the sky in a full amenity building.”
How much are you “saving” in monthly expenses?
This HOA includes gas, cable, lawn care, snow removal, garbage, exercise room and pool. Some of those things are relatively cheap, per month. But if you had a backyard pool at your house, the maintenance isn’t cheap. Same with having a full time gardener as this building has extensive gardens.
Single family homes have maintenance costs. You’d also be paying for a security system for that house. I’m not saying it’s $5k a month. But single family home living isn’t “free” either.
How much are you “saving” in monthly expenses?
This HOA includes gas, cable, lawn care, snow removal, garbage, exercise room and pool. Some of those things are relatively cheap, per month. But if you had a backyard pool at your house, the maintenance isn’t cheap. Same with having a full time gardener as this building has extensive gardens.
At least 1/2
How much do you think it costs to maintain a pool. mow and landscape maint, security, etc
Sold on Sep 25, 2023 for $5.95 million.
Sizzzle?
How could it not be?
It’s *another* $5m+ sale in the scariest city in the world.