Want to Live in No 9 Walton? A 3-Bedroom at 9 W. Walton in the Gold Coast
This 3-bedroom at No 9 Walton at 9 W. Walton in the Gold Coast came on the market in February 2022.
Built in 2018, the building has 66 units and attached garage parking.
It’s a full amenity building with 24 hour door staff, Pelotons in the exercise room, an indoor pool, sauna, steam room, yoga studio, golf simulator and guest suites.
This unit is a half floor home on the 24th floor with city and Lake views.
The listing says it has both casual and formal entertaining spaces.
The unit has custom millwork.
The O’Brien Harris chef’s kitchen has white cabinets, a large island and luxury appliances.
The primary bedroom has a sitting room, a dressing area, a walk-in-closet and a wall of built-in closets.
It has outdoor space with a 360 square foot covered terrace with heat lamps.
The unit has central air, washer/dryer in the unit and 2 valet parking spaces are available.
No 9 Walton sold out before construction was finished and is still considered one of the top luxury buildings in the city.
According to Crain’s, a 4700 square foot unit on the 30th floor recently sold for $8.96 million and it wasn’t even listed on the open market.
This unit is looking for its first resale since the original 2018 sale.
It has come on the market at $6.8 million.
With so much demand to live in the building, will this sell quickly?
Susan Miner at Premier Relocation has the listing. See the pictures here.
Unit #2402: 3 bedrooms, 3.5 baths, 4278 square feet
- Sold in August 2018 for $5.462 million
- Currently listed for $6.8 million
- Assessments of $4000 a month (includes gas, doorman, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $122,448
- Central Air
- Washer/dryer in the unit
- 2 valet parking spaces available
- Bedroom #1: 19×26
- Bedroom #2: 15×11
- Bedroom #3: 14×12
- Living room: 26×19
- Dining room: 17×12
- Kitchen: 26×12
- Family room: 18×16
- Gallery: 28×7
- Foyer: 9×9
- Laundry: 11×11
- Terrace: 30×12
Almost $7MM and parking isn’t included?
Combining the office conference room into the dining room is brilliant
Never understood the formal sitting room as part of the MBR.
At +$1600/sf, I don’t understand that value here
“Conference room dining room”
I guess some people really love working from home.
I’d be very surprised if this sells close to ask, which is nearly 25% over what they bought it for in 2018. Homes in the Gold Coast just aren’t appreciating even close to that rate, and there’s such a limited pool of buyers at the $5M+ price point.
“Never understood the formal sitting room as part of the MBR.”
makes it feel like a junior suite in a hotel. I’m in favor, in some/many cases. Somewhat questionable use of SF in a premium building like this, but if you’re buying in this building, why not?
I do think that they probably should have hung a mirror or something over the TV cubby on the wall. But what do I know? I’m just a stupid realtor.
I would have guessed this was a 2 or 3 million dollar listing if I hadn’t seen the asking price.
“guessed this was a 2 or 3 million dollar listing”
The chance to run into Ken in the lobby is the difference.
“I’d be very surprised if this sells close to ask, which is nearly 25% over what they bought it for in 2018. Homes in the Gold Coast just aren’t appreciating even close to that rate, and there’s such a limited pool of buyers at the $5M+ price point.”
While I agree, it gets a premium for being a very elite building as you wont see a UMC Fireman + teacher couples in this building. There wont be in a bidding war but it will sell for >$6MM
“makes it feel like a junior suite in a hotel. I’m in favor, in some/many cases. Somewhat questionable use of SF in a premium building like this, but if you’re buying in this building, why not?
I do think that they probably should have hung a mirror or something over the TV cubby on the wall. But what do I know? I’m just a stupid realtor.”
Being a poors, I just dont get it. Msuite is for the 4 S’s
Big enough for Library, Exec Office, billiards room
“ “Never understood the formal sitting room as part of the MBR.”
It gives the heads of the household a place to retreat when they need space from the kids or houseguests. In this case, perhaps a separation from house staff as well.
“The chance to run into Ken in the lobby is the difference.”
Not sure if I ever shared this on here. For years I’d be in the zoo right when the gate would open (lived a block from it), just to hang around for a few minutes, and typically we’d be the only people there other than zoo workers. One morning there was another dad with his kid, which my kid first took note of, because the other kid was wearing an astronaut costume, then I realized who the dad was – Ken, rocking a t-shirt tucked in to jean shorts and those white New Balance dad shoes.
Beautiful finishes, wonderful outdoor space, great location and nice amenities.
Still, $6 million to buy plus a $200,000 (roughly) payment a year for HOA/taxes etc., kind of makes me wonder. I know for those who have the $ to buy a place like this, that sort of price doesn’t matter. But it seems like you could get a more spectacular place for that kind of dough. Maybe higher up and with a lake view.
This building itself just doesn’t have a huge amount of pizazz. I’d walked by it dozens of times and never realized it was high-end until very recently. But maybe that’s the point. Understated luxury.
Note to Sabrina: The “rating” function isn’t working. But you probably know already.
“I do think that they probably should have hung a mirror or something over the TV cubby on the wall. But what do I know? I’m just a stupid realtor.”
The casework in front of the TV are doors that *slide* open…
“The casework in front of the TV are doors that *slide* open…”
Talking about the sitting room off the MBR. See pics 26 & 27
“Talking about the sitting room off the MBR. See pics 26 & 27”
You’re talking to the guy who couldn’t use a 3d tour to find a laundry room, and thought it must be in the stairwell that just couldn’t be where it actually is.
Better than being a stupid realtor, tho, so who am I to comment?
wow gorgeous place, not much to complain about with this one but the view’s kind of suck (no city or lake just the ugly NW view) ok for sunsets I guess… and the seeming lack of cabinet space in the kitchen
“(no city or lake just the ugly NW view)”
it’s not much but you get some lake. pics 41-43
“Note to Sabrina: The “rating” function isn’t working. But you probably know already.”
Nope. I don’t know. I never paid any attention to it even when it was working.
The plug-in is activated. I don’t know why it’s not working. I’ll check on it over the weekend. Might need a new plug-in.
“But it seems like you could get a more spectacular place for that kind of dough. Maybe higher up and with a lake view.”
It was never built as a “view” building, as I have said many times.
You only buy here if you don’t care.
Not to mention that all of the units face north, which, to me, is the worst exposure. The south exposure in this building looks directly into the condo building on Delaware (as you can see in several of the bedrooms in this listing.) Why am I paying millions for that?
There are many other buildings where you don’t have to keep your blinds closed for privacy AND you get views.
But No 9 Walton was also originally marketed as a “family” building. Most of the units are large, like this one, which can accommodate several kids.
It will be interesting to see how well the developer’s new building, One Chicago, sells as it doesn’t have outdoor space with most units but it does have the views and privacy.
He was the seller of the $8.96 million condo in No 9 Walton Crain’s mentioned. Will move into his new building this summer, Crain’s said.
“I would have guessed this was a 2 or 3 million dollar listing if I hadn’t seen the asking price.”
A 4700 square foot unit on the 30th floor just sold for $8.96 million. So, no, this wouldn’t be a $2 million unit.
Smaller units on low floors in this building DO sell for around that.
This unit is 4200 square feet. It’s huge.
“A 4700 square foot unit on the 30th floor just sold for $8.96 million. So, no, this wouldn’t be a $2 million unit.
Smaller units on low floors in this building DO sell for around that.
This unit is 4200 square feet. It’s huge.”
Zero to do with the level of finishes. As you are wont to do, just make up strawmen statements
Neither is my cup-o-tea but this unit has a higher finish level IMO – https://www.zillow.com/homedetails/9-W-Walton-St-2802-Chicago-IL-60610/2078147258_zpid/?
““Talking about the sitting room off the MBR. See pics 26 & 27”
You’re talking to the guy who couldn’t use a 3d tour to find a laundry room, and thought it must be in the stairwell that just couldn’t be where it actually is.
Better than being a stupid realtor, tho, so who am I to comment?”
oh! I understand now… so stupid of me to miss that… of course buyers of a 6.8m condo would be totally turned off by seeing that the primary sitting room was equipped for AV and the stupid listing agent just let it sit there exposed!
“so stupid of me to miss that”
Not as stupid as the laundry room, tho.
haha! got me again realtor!
I never understand multimillion dollar homes that have, in the kitchen, only one sink. It’s the most-often-used thing in the room. High-end kitchens ought to have (at least) two.
I like 2802 better. It has a steam oven and better storage. I would live in either. However, I have decided that if I am spending $6+MM, I want my own pool. What about switching out the hot tub for a swim spa?
I’d rather have this one for 2/3 the price.
https://www.realtor.com/realestateandhomes-detail/800-N-Michigan-Ave-Apt-5201_Chicago_IL_60611_M74243-05716
“[kitchen sink] is the most-often-used thing in the room.”
I’m thinking about this, and while I’m not saying it’s not true…I am going to ask–is that really true? Is there a solid consensus (or research!) that that is accurate?
I suppose it turns a bit on what counts as a “thing in the kitchen that is installed by a contractor and gets used”, and we could certainly construct a list that makes it true.
“I’d rather have this one”
I was going to make a crack about the conference/dining room missing the wine wall, but you found it for me, Dan!
Yep, Anon. Got to have that!
Interesting how the 800 N. Michigan one is the exact same SF as the featured unit. Much better views. Better location, too. Just as elegant.
OK – it’s 20 years old. Doesn’t bother me.
“it’s 20 years old. Doesn’t bother me.”
I think the biggest difference is in the (apparent) window size. Walton feels like it has a lot more glass. And that makes it seem like the ceilings are higher, which I dunno the truth of.
Also, Walton unit has a waaaay better outdoor space.
Downside to 800 Mich is that a lot of the amenities are thru the hotel (ie, shared with hotel guests), but then you get the pluses too (24-hr room service). So depends a bit on what sort of rich person you are.
Also–does the 800 unit actually have *3* wine walls??
Good points, anon. For the smaller windows and balconies, the savings is substantial. Not just in price per square foot, but in taxes and HOA too.
so for these $5 million plus units with high running costs – who is the market?
does one need to be UHNWI (30 mil++) to afford this place? I would presume that an owner would likely have a minimum of 2 or 3 residences
“does one need to be UHNWI (30 mil++) to afford this place?”
Define “afford”.
Having poked thru the records a little (very non-comprehensive), and based on prior knowledge of NY/CA/etc high dollar stuff, there are of course those who pay cash or otherwise buy w/o a mortgage loan (eg, Kenny, many others), and if those folks aren’t UHNW, imo, that’d be insane, putting 20%+ of your net worth into a single residential property (even with using a loan backed by other assets to cushion that some).
Then there are the folks who get 70%+ mortgage loans. So they are putting $1-2m into the place, and then likely paying interest only (Ze was a big proponent of the i-o loan, but I don’t think he was getting $3m mortgages), such that they are paying ~$30k/month in ‘rent’, and having a $1-2m long position on resi, partially covered. That monthly burn is “affordable” on something like $1.5m annual income. These people might well have a 2d home, but it’s not a chalet in Aspen, nor a beach house in SoFla.
Would I choose to do that?? You know my answer (not that my HHI is $1.5m, but proportionately).
If you are retired, 65+, worth $30MM, and producing $1.5MM from investments, you could afford this and I suspect, the average buyer of these pricey highrises.
Now the question is, why buy here? You can afford every housing type in any neighborhood at $6MM in Chicago. I would be buying a house with an indoor pool or a condo with a park and lake view. Or spend $3MM each and get both.
“I would be buying a house with an indoor pool or a condo with a park and lake view. Or spend $3MM each and get both.”
Condo buyers are not single family home buyers and vice versa. Condo buyers want the availability of door staff. They want to be able to close their door and fly to their home in Palm Beach for 6 months and not worry about what is happening to their property back in Chicago.
Others like condo living because someone else is taking care of maintenance, not them. They never have to shovel the sidewalks, or pay someone to do it, as the building takes care of it.
In Chicago, you’re not getting a single family home with an indoor pool for $3 million. You can barely get a single family home in some neighborhoods for $3 million anymore.
Indoor pools are rare in Chicago but I’ve cribbed on some houses that have a “secret” one thrown in there.
I’ve also cribbed on some condos that have had their own pools (indoors and one that had an outdoor pool that was private.) That is rare as well. But they do exist.
No 9 Walton isn’t for everyone. It’s not a view building. It doesn’t have any architectural cache either. But it is one of the hottest luxury buildings in the city. Sometimes people just want to live where it’s “in.”
“so for these $5 million plus units with high running costs – who is the market?”
Professional athletes (several bought into No 9 Walton although one just flipped the unit) and CEOs make up the bulk of the buyers in the top luxury buildings.
There are a LOT of Fortune 500 and 1000 companies in Chicago.
“ Others like condo living because someone else is taking care of maintenance, not them. They never have to shovel the sidewalks, or pay someone to do it, as the building takes care of it.”
Yeah because maintenance and snow removal is free in a condo
“Yeah because maintenance and snow removal is free in a condo”
You are paying the assessment every month. You know what your costs are for it. You don’t have to arrange a service to do it while you’re in Palm Beach, Palm Springs or San Miguel de Allende for the winter.
There are big differences between condo living and single family ownership. There are reasons many prefer condo ownership.
“You are paying the assessment every month. You know what your costs are for it. You don’t have to arrange a service to do it while you’re in Palm Beach, Palm Springs or San Miguel de Allende for the winter.”
You know they have these things called “Property Managers” that can take care of this for you
Yeah cause the owner of a $3MM second home is going to be kept up at night wondering how much he’s going to spend on snow removal – LMAO
“There are big differences between condo living and single family ownership. There are reasons many prefer condo ownership.”
Yes – so no need to come up with lies about it
“You know they have these things called “Property Managers” that can take care of this for you”
This is extra work. It’s so much easier to move into a building like No 9 Walton which has full time staff and maintenance on hand to take care of everything, even getting your mail.
But the condo lifestyle just doesn’t serve the uber wealthy. A large chunk of downtown dwellers go somewhere for winter, especially Baby Boomers, and the condo lifestyle just makes sense.
You lock the door and walk away.
Oh, and all those people who say they need to move to Arizona so they “never have to shovel again”? They can also move into a Chicago high rise and also never shovel again. Never have to worry about that alley not being plowed etc. It all happens automatically if you live in a well-run condo building.
This is why we see a lot of Chicago sports stars living in condos as well. Many have a house somewhere else on their off seasons. So they keep the condo in Chicago because, again, it’s just much easier to lock the door and leave for a few months.
“This is extra work. It’s so much easier to move into a building like No 9 Walton which has full time staff and maintenance on hand to take care of everything, even getting your mail.”
Its a freaking phone call LOL. How does the maintenance man at No9 know that there’s an issue. telepathy?
I think most people can figure out how to contact the USPS and stop/forward mail
“But the condo lifestyle just doesn’t serve the uber wealthy. A large chunk of downtown dwellers go somewhere for winter, especially Baby Boomers, and the condo lifestyle just makes sense.
You lock the door and walk away.”
Dont disagree to a point, but its not what was being discussed.
“Oh, and all those people who say they need to move to Arizona so they “never have to shovel again”? They can also move into a Chicago high rise and also never shovel again. Never have to worry about that alley not being plowed etc. It all happens automatically if you live in a well-run condo building.”
Def nice not to put chairs out for dibs.
I highly doubt that shoveling at the top of reasons for moving to a warmer clime (even part time)
“This is why we see a lot of Chicago sports stars living in condos as well. Many have a house somewhere else on their off seasons. So they keep the condo in Chicago because, again, it’s just much easier to lock the door and leave for a few months.”
Its also because they are traveling constantly while they’re in town
Jebus
“I highly doubt that shoveling at the top of reasons for moving to a warmer clime (even part time)”
Sure it is. Those of us who actually live in Chicago hear/see this all the time on Facebook. People post pictures of themselves out shoveling after every storm and say, “I can’t wait until I never have to do this again.” One of the big reasons for moving south.
Instead, you can just move into a high rise condo or apartment building downtown and never have to do it again either.
“Sure it is. Those of us who actually live in Chicago hear/see this all the time on Facebook. People post pictures of themselves out shoveling after every storm and say, “I can’t wait until I never have to do this again.” One of the big reasons for moving south.”
And people in FL/TX/AZ post stupid shit about the heat…
Its not the shoveling, its freaking winter coupled with a dysfunctional state and local government, increased crime, etc, etc, etc
“Instead, you can just move into a high rise condo or apartment building downtown and never have to do it again either.”
Or you can hire it out.
Brilliant!