Is 9 W. Walton in the Gold Coast Still the Hottest Building? A 3-Bedroom for $6.895 Million
This 3-bedroom in No. 9 Walton at 9 W. Walton in the Gold Coast came on the market in October 2024.
Built in 2018, No 9 Walton has only 66 units and attached garage parking. When it was built, it sold out quickly.
The listing says these are the amenities: “fitness room, indoor pool, hospitality room with catering kitchen, 2 guest suites, Pilates studio, golf simulator, 24-hour security/doorman, and house car.”
This unit is on the 27th floor and faces north and west.
The listing says it is a “Donna Mondi masterpiece” with no detail missed. Every inch has been upgraded.
It has wide plank hardwood floors and crown moldings along with a a fireplace with custom marble surround.
The kitchen is “bespoke” with O’Brien Harris cabinetry, a large island with Iceberg Quartzite countertops, chef caliber appliances, a wet bar, wine storage and walk-in-pantry.
There is a living room and family room.
The primary suite is north facing and has access to a terrace. It has an en suite bath with oversized tub and separate his and her water closets.
The unit has a 2-sided terrace with lake and sunset views.
This unit has motorized window treatments and sound.
It has the features buyers look for including central air, washer/dryer in the unit in the form of a large laundry room measuring 14×11, and 2 garage parking spaces included.
This building is in the south part of the Gold Coast near the Rush street corridor, Washington Park, Oak Street and dozens of restaurants and shops.
There are currently 8 units for sale in the building but 4 of them are under contract:
- Unit #2402: listed at $5.65 million
- Unit #2902: listed at $6.495 million
- Unit #3700: (one of Ken Griffin’s 2 unfinished penthouse units) listed at $9 million– went under contract within days of being listed last week
- Unit #3800: (one of Ken Griffin’s 2 unfinished penthouse units) listed at $11 million– listed in July 2024 and under contract in October 2024 (has its own private pool)
This unit is #2702 and is listed at $6.895 million.
Is Chicago’s luxury market red-hot or is it just No. 9 Walton?
Susan Miner at Premier Relocation has the listing. See the pictures here (sorry no floor plan).
Unit #2702: 3 bedrooms, 3.5 baths, 4500 square feet
- Sold in July 2018 for $3.979 million
- Originally listed in October 2024 for $6.895 million
- Assessments of $4700 a month (includes heat, a/c, gas, parking, doorman, exercise room, pool, exterior maintenance, scavenger)
- Taxes of $123,841
- Central Air
- Washer/dryer in the unit
- 2-car garage parking
- Fireplace
- Bedroom #1: 24×20
- Bedroom #2: 15×14
- Bedroom #3: 14×12
- Living room: 18×12
- Dining room: 14×14
- Kitchen: 20×13
- Eating Area: 12×12
- Family room: 20×15
- Laundry room: 14×11
- 2 terraces
This is stunning. I can’t, however, imagine writing a check for $125K to the Shitty of Chicago every year…
completely agree
stunning
yet putting in 10 -14k in redfin for rental
https://www.redfin.com/city/29470/IL/Chicago/apartments-for-rent/filter/min-price=10k,max-price=14k
https://www.redfin.com/IL/Chicago/1306-N-Ritchie-Ct-60610/home/14125208
I put in 14k which is a bit higher but I felt fair given the flexibility to pick up and leave a rental
https://www.redfin.com/IL/Chicago/130-N-Garland-Ct-60602/unit-5303/home/12592229
of course not exactly the same. prior was a home this one is a high rise.
sq ft changes
location changes
Not much to bitch about but me being me…
Views look to be meh, surprised that there are no balcony pics
The Naperville dentist office fireplace shows that even the rich can lack class
Having 2 TV’s 15′ apart?
Kinda surprised theres no formal DR
Zillow has the following for history –
10/26/2018 Sold
$5,573,500
$1,239/sqft
But other than that, this place is pretty awesome
General question for hi-rise dwellers, how bad smelling are those little dog run areas?
Underwhelmed for 7m.
Many breathtaking penthouses available at that price.
“I put in 14k which is a bit higher”
$10k/mo taxes
$4700/mo HOA
Easy to justify using $16k as the top.
“This is stunning. I can’t, however, imagine writing a check for $125K to the Shitty of Chicago every year…”
Sorry you are so bitter Jon. Chicago has some of the best high schools in the country, so there’s that.
The problem with saying, “just rent” is that most who can afford this price actually want to have it custom designed. Paint, window treatments, flooring, furniture etc.
Harder to do in a rental.
“Many breathtaking penthouses available at that price.”
No 9 Walton is one of the top buildings in the city. The two penthouses owned by Citadel’s Ken Griffin recently just sold (unfinished) within a few weeks of each other. I thought it would take a decade to sell those. Whoops- I was wrong.
But with just 66 units, it’s an exclusive building nonetheless.
It’s NOT a “view” building. All units face north, which is just a terrible view (no sunlight either.)
Don’t some of the bedrooms in this unit face south, or into the high rise next door? I wouldn’t like that other building being so close. No privacy at all unless you’re up higher than it (like the penthouses are.)
Location is fantastic though. Not on a busy street and near a lot of restaurants.
“The problem with saying, “just rent” is that most who can afford this price actually want to have it custom designed. Paint, window treatments, flooring, furniture etc.
Harder to do in a rental.”
at this price point, a lot of renters have the disposable income to paint the rental, put in the window treatments that they want
probably not the flooring
and yes put in the furniture that they want
and THEN SPEND the money to return it back to the original rental condition if required.
paywall
https://www.wsj.com/real-estate/luxury-homes/monaco-most-expensive-rental-market-dc6eebcd
from the article
Renting an apartment is often an initial key step in acquiring residency, explains Alexis Madier, a partner at the century-old Monaco law firm Gordon S. Blair, who specializes in seeing his clients through the application process.
and…
his summer, Breidfjord says he will complete work on furnishing a 1,300-square-foot rental for a couple who are relocating to Monaco. With a monthly rent of $15,000—reasonable by Monaco standards—the couple are instilling a dose of luxury with a $375,000 budget, including Italian designer furniture and a $96,000 custom-built wine refrigerator.
“Sorry you are so bitter Jon. Chicago has some of the best high schools in the country, so there’s that.”
Don’t mistake bitterness for apathy.
But you must be kidding with your comment about schools. After spending about $18K annually per student:
In Chicago Public Schools, 16% of elementary students tested at or above the proficient level for reading, and 12% tested at or above that level for math. Also, 16% of middle school students tested at or above the proficient level for reading, and 12% tested at or above that level for math. And 14% of high school students tested at or above the proficient level for reading, and 14% tested at or above that level for math.
These are not good numbers (unless you went to Chicago schools and don’t understand maths).
But Jon, the bigly majority of those testing well go to schools with some sort of selection criteria, so that’s a good thing.
Oh, wait, CTU and the mayor really would like to undo the emphasis on selective admissions schools.
Harrison Bergeron, here we come.
Ok, more realistically: private schools or suburbs here we come, for 95% of those who can afford it.
“Ok, more realistically: private schools or suburbs here we come, for 95% of those who can afford it.”
Why do you hate the city?
With Top schools you would think that would pull the average up…
The guy who made this building famous left the city high and dry, saying nasty things about Chicago. Good riddance.
Sabrina – having worked in the Sears tower facing north and south and lived in the Hancock facing north, I’d take north any day. Less sun glare.
“Is 9 W. Walton [] Still the Hottest Building?”
Sure is a lot hotter than the Tribune Tower condos:
https://www.chicagobusiness.com/residential-real-estate/tribune-tower-condo-sales-3-years-after-landmark-conversion
Excerpt:
“The buyers who paid $4.37 million for a condominium at the former home of the Chicago Tribune yesterday saved more than $2.5 million by not picking it up two years ago…came on the market in February 2022, priced at $6.9 million.”
and
“When the models opened three years ago this month, Martini said 63 units were priced at $4 million or more. That’s 50 more than have sold at that price level.”
Sabrina – why are my comments not staying on the site? Can you please check?
Dan#2–
Sabrina has noted in some of the threads that you are using a different email address than you did in the past, so manual approval of the comment is needed.
Weird – I didn’t mean to change my email. I have an old one maybe I selected mistakenly. Thanks.
On the Tribune’s troubles selling out the building:
“Among the dings that detract from perfection, Skowron says, is “you’re not a Gold Coast location with Cartier and Chanel on the corners next to you. You’re in a high-traffic location that doesn’t have the feel of an upscale residential neighborhood to it.””
Isn’t this what Dan #2 said his wife’s problem is with the Hancock?
And the Hancock isn’t nearly as crowded with people and buses as the Tribune is. But this “complaint” is valid. It is never going to be “quiet” in the Tribune except for the units facing the central courtyard.
“The Tribune is not the only building whose sales have suffered in the tumult of recent years. The price on a Streeterville penthouse has been cut by more than half since it first went up for sale in 2019. And a 48th-floor condo at the Waldorf-Astoria on Walton Street sold last week for $3.55 million, below its 2021 sale price and even further below the figure it sold for in 2011, $5.5 million.”
There are still too many condos priced above $3 million. There are several hundred, including in the three “new” buildings of the Tribune, One Chicago and St Regis.
“Ok, more realistically: private schools or suburbs here we come, for 95% of those who can afford it.”
Who can afford the city anymore? Starter homes in formerly “affordable” neighborhoods like Jefferson Park are priced at $450k to $500k. They’re up $100k in the last 5 years even with rates over 7%. That’s not a middle class price.
Many have no choice but to move to the suburbs, not because of the schools, but because they can’t afford the city.
“But you must be kidding with your comment about schools. After spending about $18K annually per student:”
Nope, not kidding. 5 Chicago public high schools are in the top 100 of US News & World Reports list of top public high schools in the nation. None from the suburbs made the top 100. I was surprised by this. I thought the usual suspects like New Trier, Hinsdale Central or Stevenson would have.
$18k a year is low. Check out what the suburban districts are spending.
“at this price point, a lot of renters have the disposable income to paint the rental, put in the window treatments that they want”
Not the same thing as designing it. For Americans, it’s a waste of money to move in and spend thousands to paint a place you are leaving in a year or two. I can’t say I blame them.
There’s also a big difference in the finishes you’d see in a luxury Chicago rental (as nice as they are these days) and what is put into a luxury condo building. Just compared the One Chicago rentals with what is in the condos to see the difference.
I think athletes would be smart to rent as they are on short-term contracts of just a few years and move often. All the athletes properties we’ve talked about over the years on this site have sold for a loss a few years later except for Jonathan Toews flip of the No 9 Walton unit a few years back. Lol.
Also, No 9 Walton sold out immediately. Tribune Tower, obviously, hasn’t. It will take a decade to sell it out. Same with the St Regis and One Chicago.
The article talks about some of the problems with the Tribune. It’s not a view building unless you face out towards the River. Not many units have private outdoor space. The windows are smaller (many buyers want the OneChicago model of floor to ceiling with dramatic light.)
It’s not in the Gold Coast.
One of the marks against Trump Tower in 2006 was that it was an “A building in a B location.” That hasn’t changed even with the Riverwalk now there and successful. Same is true of the Tribune Tower.
“an “A building in a B location.” That hasn’t changed”
Sure it has: B-minus building in a B-minus location.
Get rid of all conneciton to Trump (No name, Hotel 100% unconnected, new retail owner, etc), and get something vaguely useful in the retail, maybe get to A-minus, but probably still a B-plus.
Depending on what goes into the retail (if anything otehr than mini-storage), that could bump the location up.
“Get rid of all conneciton to Trump (No name, Hotel 100% unconnected, new retail owner, etc), and get something vaguely useful in the retail, maybe get to A-minus, but probably still a B-plus.”
Retail is irrelevant. The building “A” due to the layouts of the units and the views plus the overall design (which is a big winner.) It’s a lovely building, overall.
The building was an A design and product before 2016 so I don’t pay attention to the Trump connection. You either loved him, or hated him, even before 2016.
The media has covered what has gone on with condo values in the building since 2016.
But it’s always been a B location even though that end of the Mag Mile has improved over the last 20 years. Luxury buyers still want to be at No 9 Walton’s location than they do in south River North. Restaurant scene nearby is more touristy than it is further north in River North or the Gold Coast.
Trump tower is less than a 1/4 mile from Eataly