$13M Chicago Luxury Home in Need of Renovations

$13M Chicago Luxury Home in Need of Renovations

This $13 million luxurious mansion is Chicago’s most expensive luxury home listing, but more than the price tag the buyer should consider that this mansion needs some renovation once it’s bought.

The luxury home is situated in the prestigious part of Lake Shore Drive. This Chicago mansion has been the headquarters of the International College of Surgeons for 65 years.

chicago's most expensive home

Chicago’s Most Expensive House Is a $13M Mansion in Need of Renovations

Behind the four-story home’s 10-foot-tall, wrought-iron doors you’ll find marble staircases, stained-glass windows, marble archways, nine fireplaces, intricate moldings, and herringbone-patterned hardwood flooring. Outside, there’s a 2,400-square-foot, two-story coach house and clear views of Lake Michigan. The top two floors are currently used as office and… Read more at Realtor.com

Home sales in the Chicago area worth $1 million or more, decreased by 2% during the third quarter, a few moments before the Chicago Cubs’ historic win. Luxury home sales rose 5.5%, to 420,  compared to the same quarter last year.

chicago-luxury-home

Luxury Real Estate in Chicago Suburbs Outperforms the City

The cooler market is due in part to the large stockpile of luxury homes in the Chicago area, said Jack Kreider, executive vice president and regional director of RE/MAX Northern Illinois, in a statement. By the end of September, inventory of $1 million-plus homes had risen 23%, to… Read more at Mansion Global

Create a Plan for Maximizing Your Investment

Strong economic indicators along with greater demand are two extremely important factors to look for when deciding to build your luxury home—whether you’re buying it for your personal use or strictly as an investment.

Why?

Because if and when you decide to sell your property, you want to be in a place where there is enough demand to be able to secure a premium price and return on your investment. Right now, Los Angeles is one of the few places in the country where these conditions exist in a strong enough fashion to lend confidence to smart building projects.

In fact, Los Angeles has taken its place in the list of “The Top 10 Booming Markets for Real Estate Development” across the country and comes in at number 9 in Moneywatch’s Top 10 Luxury Real Estate Markets around the world.

By | 2017-01-25T04:05:34+00:00 December 22nd, 2016|luxury homes|1 Comment

About the Author:

Arie Abekasis - Founder of the Diditan Group Inspired by years of experience in the fashion industry, Arie Abekasis infuses the elegance and beauty of the Mediterranean into his company's portfolio of homes. The Diditan Group builds stylish homes in a range of sizes, from condominiums to sprawling estates. They design, build and finance fine Tuscan, Modern, Contemporary, Cape Code and Mediterranean-style luxury homes, condos and investment properties with the assistance of the top engineers, architects and craftspeople in the home building field. Offering nearly unlimited customization preferences, Arie Abekasis strives to provide superior craftsmanship, calling upon well-established architects, engineers, and designers to erect homes with all the sophistication, elegance, and functionality demanded by today’s discerning consumer. Along with providing comprehensive luxury living directly inspired by the enchanting ambiance of Italian countryside, creating an innovative internal and external atmosphere of beauty and serenity remains Arie Abekasis’ ultimate goal. Moreover, working harmoniously with Diditan Financial, an organization established in 2007 with a purpose of granting customers potential access to effective financial assistance, Diditan Group makes securing an affordable, hassle-free loan easier than ever. For a preview of residental and commercial properties built by Arie visit: https://plus.google.com/+Arieabekasis/collections.

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