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Luxury Condos and Apartments Sold and Rented in Chicago

Low inventory and increasing mortgage rates have made much of 2023 both an interesting and challenging year for Chicago’s real estate market. But despite these difficult conditions, the last 6 months have yielded some pretty high-profile deals, both on the rental and the sales sides of the market

Most Expensive Homes/Apartments Rented in Chicago

(May-October '23)

Despite many of the most expensive apartments for rent being in newer construction buildings, a 12th floor unit in The Ambassador was the highest-priced apartment rented in Chicago over the last 6 months. The Row Fulton Market and One Bennett Park also continue to be among the city's most popular buildings for luxury rentals and are the only two buildings to have multiple units…

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The new owner of a heavily discounted site on Lake Shore Drive is planning to build new apartments on the property. JAB Real Estate recently purchased the site at 3726 N Lake Shore for just over $4 million.

That’s a steep discount from the $8.75 million the previous owner paid for the exact same site in 2016. It’s expected that work on the new 36-unit apartment building could begin sometime later this spring.

Current renderings show a red brick building with street-facing balconies. The building is reportedly being built to blend in with some of the neighborhood’s more historic architecture.

Future renters can also expect to find some ground-level parking. The new apartment building replaces an existing three-flat on the site. 


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727 W. Madison ChicagoA spectacular new apartment tower now rises up in the West Loop. With rentals ranging from studios to three-bedroom floor plans, 727 W. Madison offers the apartment design renters are searching for. 

Along with all of its private amenities, residents of the building are additionally treated to an array of shared delights. Options range from the tower’s secure parking and bike storage to its private rooftop sky lounge with some outstanding city views.

In addition, the tower offers up access to a fitness center, yoga studio and a pet spa. Along with all of this, the property also provides space for an outdoor swimming pool and spa, a dog park, and it allows for grilling. 

This appealing new apartment building sits at the corner of Madison and…

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Lathrop Apartments ChicagoBrand new, modern apartments accent Chicago’s Lathrop apartment complex. While the apartments themselves are certainly impressive, the amenities of this North Side property truly put it over the top.

Made up of a full eleven acres of open space and green space, the property includes on-site residential parking and the convenience of a children’s playground. It also provides outdoor recreational possibilities including a boat house and direct Chicago River access via the kayak and boat launch.

This is on top of a nearby nature trail, a riverfront dog park, landscaped gardens and a great lawn. In addition, residents of Lathrop are offered the option of available on-site storage and bicycle storage. 

With easy river access, residents of Lathrop are…

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From a convenient address to ample amenities, you’ll love living at the Sienna Flats in Downtown Chicago. There are plenty of things to enjoy about living at Sienna, but in this case, we’ve narrowed it down to just three, including its features, its amenities and its location.

To begin with, this boutique property is exclusive to just 50 rentals. Residents can expect to find such desirable features within the apartments as high ceilings, large windows and large floor plans.

The building’s amenities are also desirable. Residents are provided access to a fitness center, bicycle storage and a dog run. The property also offers a rooftop deck with room for lounging and grilling. 

Located in downtown’s Streeterville neighborhood, Sienna makes it easy…

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Real estate experts say Chicago’s downtown apartment market appears in balance, at least for now. While they’re not projecting big rent growth, they’re also not projecting problems with supply.

Rent growth and leasing activity slowed some in the third quarter. Despite a prolonged wave of construction, the market seems to be holding up. For Class A apartment buildings, the average net rent was $3.10 per square foot for the quarter.

That’s up more than 1.5-percent from a year ago, but the smallest year-over-year rent increase since late 2017. The Class A occupancy rate in the downtown area fell just slightly for the third quarter year compared to the same time last year.

Analysts say that suggests more of a slowing than a downturn. The area still remains a…

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North Side Chicago New Construction ApartmentsPlanning to be in the market for a new apartment in 2020? Check out 3 fabulous new construction options up on Chicago's North Side below...

4914 N. Clark

One exciting new choice for renters sits at 4914 N Clark. The luxury apartments are part of a mixed-use development. Topping ground level retail space, the apartments in this new construction property sit conveniently close to public transit, plus just steps away from boutiques, restaurants and entertainment options in the neighborhood.

Residences at Addison & Clark

Another option for renters is 1025 W Addison. This new construction apartment building features your choice of studios, one- and two-bedroom floor plans. Residences at Addison & Clark also features such amenities as an outdoor…

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Renelle on the River, a 17-story luxury high-rise building features not only a riverfront location, but also awesome views and convenient access to some of the neighborhood’s best amenities and attractions. If you’re looking for luxury rental unit, Renelle on the River, developed by an affiliate of Belgravia Group; whom have an excellent reputation in Chicago, is an indisputable must see!

Renters will fall in love with this building’s amenities which include; a state-of-the-art fitness center, yoga studio, 24-hour doorman service, a media room, and more. Any person in search of a luxury high-rise rental will have their choice of 4 different floor plan options depending availability.

Current rental listings in Renelle on the River contain 3-4…

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The luxury rental market in River North is booming right now, providing anyone in the market for a posh new apartment with plenty of options and opportunities to consider. So to help streamline your search, we've identified several buildings that you'll definitely want to check out before making any final decision....

Renelle on the River

Set right alongside the Chicago River, Renelle on the River brings your choice of three- or four-bedroom luxury condos to the downtown area. Floor plans start at 1,800 square feet, with private terraces, a rooftop lounge, a yoga and screening room, plus other upscale amenities.

The Pinnacle

Also known as The Pinnacle, 21 E Huron sits two short blocks from the Magnificent Mile. Renters are treated to an indoor…

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Lakeview RentalsAlthough the rental season in Chicago has come and gone this year, plenty of amazing opportunities await those still looking for a new rental to call home this fall. 

434 W. Melrose

For new construction in Lakeview, you’ll want to check out 434 W Melrose. The intimate property offers high ceilings, open floor plans and private outdoor space. The rentable units also sit just steps away from jogging trails, restaurants and more.

The Residences of Addison and Clark

Studios, one-bedroom and two-bedroom floor plans are all available for renters at 1025 W Addison. The Residences of Addison and Clark also offer access to an amenity deck, clubhouse and outdoor swimming pool. 

No. 508

Also called No 508 Lincoln Park, 508 W Diversey is a boutique…

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