Quote:
Originally Posted by marothisu
2020? We are in 2022 dude. There were over 100 sales of over $4M in the area in 2021 and there were a large handful above $8M.
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Appreciate the all the figures/research in the response. I agree that there are some super wealthy discreet people living in Chicago that you wouldn't know. I saw the pad of some spine surgeon awhile ago and it was pretty wild.
My initial comment was more to the point that this exists in 369 W Grand which is not a top end building and so was surprised. It's a strange juxtaposition for me. As you mentioned there were only a 'large handful' sold in 2021 (less than 5?) in this price range so to have one of the top 5 (or 10 or 20) rentals in all of Chicago - a city of 3 million and metro of 10 million to exist in 369 W Grand is a bit weird to me. Sure it exists here but it's in the outer limits. But I guess I won't be surprised anymore.
The point about New York was just to highlight that fact that Chicago's high end is so much lower than New York (and 'other' places), hence the surprise. I guess New York is so high high high end that even Chicago's top sales which are like 15% of NYC's prices still reach this echelon.
Also interesting you moved back to Chicago (maybe time to change profile location?). Curious if you're willing to briefly share reasons without getting too off topic.