Trump Tower Chicago Condos for Sale & Rent
401 North Wabash Avenue, Chicago, IL 60611
Trump Tower Chicago: At a Glance
Trump Tower Chicago at 401 N. Wabash anchors the River North luxury market with a mixed-use program: 486 residential condos on the upper floors and 339 hotel-condo units on the lower floors. Here's what buyers need to know:
- Two ownership tiers with very different economics: hotel-condo units (floors 14 to 27) and traditional residential condos (floors 28 to 89)
- Hotel-condo units typically start in the high $300Ks; residential 1BRs start around $500K, 2BRs run $800K to $1.8M, and penthouses sit above $5M
- HOA fees reflect full-service hotel-grade staffing, typically $1.50 to $2.50 per square foot per month on the residential side
- Snaidero kitchens, Sub-Zero and Miele appliances, floor-to-ceiling windows, and a 14th-floor spa, pool, and fitness center
- Hotel-condo units suit investors who want managed rental exposure; residential condos suit owner-occupants and long-term holds
- Walking distance to Magnificent Mile retail, the Chicago Riverwalk, and the Loop business district
Bottom line: Trump Tower delivers full-service luxury with a clear distinction between the investor-friendly hotel-condo program and traditional high-floor residential ownership. Match the side to your goal before you make an offer.
Trump Tower Chicago condos for sale and rent are listed below. Use the search to filter by floor range, bedrooms, and price; the feed updates live with the MLS, so what you see is what's on market today. Click the "Request Info" button on any unit and our team can pull the full disclosure package, recent comparable sales from the building, and any building-specific notes you should review before showing.
You can also register for a free account to get email alerts the moment new Trump Tower listings hit the market. Residential inventory at this building turns over slowly, so alerts are the easiest way to catch the first 24 to 48 hours when negotiating leverage is strongest. Questions about the broader River North market or how Trump Tower compares to other downtown towers, just reach out.
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About Trump Tower Chicago: 92-Story Mixed-Use Luxury
Trump Tower Chicago opened in 2009 as a 92-story mixed-use luxury tower designed by Adrian Smith of Skidmore, Owings & Merrill. The building combines 486 residential condominiums on floors 28 through 89 with 339 hotel-condo units on floors 14 through 27. The unit mix runs from compact studios to multi-floor penthouses, and ceiling heights range from 10 feet in standard residential units to 16 feet in the largest penthouses.
Located at 401 N. Wabash on the river side of River North, Trump Tower sits within a few blocks of the Magnificent Mile, the Chicago River, and the Loop business district. The base of the building includes ground-floor retail, a riverfront park and walkway, the hotel lobby, fine dining and banquet space, and a 1,000-vehicle indoor parking garage with a separate resident-only section. The stainless steel and glass exterior was specifically designed with three setbacks at the cornice heights of nearby Chicago landmarks (the Wrigley Building, Marina City, and the IBM Building), which is part of why the building reads visually distinct from other downtown high-rises.
See below for active Trump Tower Chicago condos for sale, or read more about the amenities and ownership distinctions at this building.
SCHEDULE A SHOWING AT TRUMP TOWER
Interested in condos for sale at Trump Tower? Call or text us today at (312) 953-0961 to schedule a private tour of the building and any of its available condo residences on the market!
First-Class Amenities at Trump Tower Chicago
Trump Tower units feature floor-to-ceiling windows with panoramic views of Lake Michigan, the Chicago River, and the city skyline. Snaidero kitchens come with Sub-Zero refrigerators, Miele cooktops, and granite countertops; bathrooms feature limestone or marble finishes throughout. Most residential floors get one of three view orientations: lake-facing east, river-facing south, or city-facing north and west. Lake views command the highest premium on resale, which is worth thinking about on day one if you have an eventual exit in mind.
Resident services run hotel-grade. The 24-hour concierge and doorman team handles room service, in-home dining and catering, housekeeping, laundry, valet, and package management. The Health Club on the 14th floor includes a heated indoor swimming pool, group fitness studios, and locker rooms with steam rooms and sauna. Residents also get priority access to the 16th-floor restaurant terrace, which has some of the best public-facing river and skyline views of any Chicago tower.
For buyers comparing amenity stacks across downtown, this puts Trump Tower in the same tier as the Tribune Tower and St. Regis Chicago for full-service luxury, with the differentiator being the integrated hotel-condo program. Buildings like One Chicago and 440 N. Wabash nearby offer comparable views without the hotel component, which is the right fit for buyers who want a quieter resident-only profile.
Hotel-Condo Units vs. Residential Condos: Two Buildings in One
The most important distinction at Trump Tower Chicago is the difference between hotel-condo units and residential condos. They share an address but they're effectively different products with different economics, financing options, and exit liquidity.
Hotel-condo units (floors 14 to 27) are sold individually but sit inside the hotel inventory. Owners can opt into the hotel rental program, where the hotel manages bookings, cleaning, and front-desk operations, and the owner receives a share of the rental income. These units are smaller (studios, 1BR, and 2BR hotel-suite layouts), priced significantly below residential condos, and come with the operating realities of hotel inventory: limited personalization of the unit, restricted owner-use windows, and rental income that fluctuates with downtown Chicago hotel demand. They are a defined investment product, not a primary residence. For buyers who want this category specifically, see our Chicago condo-hotel buildings page for the full set of similar properties.
Residential condos (floors 28 to 89) are traditional luxury condos with full owner control. Floor plans run from 1BR to multi-floor penthouses, square footage scales from roughly 1,000 sqft up past 6,000 sqft for the largest penthouses, and the building's STR rules (like most full-service luxury condos in Chicago) restrict short-term rental of these units. These work for owner-occupants, second-home buyers, and long-term hold investors targeting the furnished long-term tenant market in the $8,000 to $25,000 per month luxury rental band.
Both work in different scenarios. If you want a turnkey investment with hotel-managed income, look at the hotel-condo side. If you want a residence or long-term hold rental in a luxury full-service building, the residential side fits. We see buyers conflate these constantly when they first look at the building, and the difference materially changes the underwriting math, financing options, and exit liquidity. Buyers exploring short-term rental investment should also review our Airbnb-friendly Chicago buildings guide, which covers the residential buildings that do permit short-term rental (Trump Tower's residential side does not).
Who Trump Tower Chicago Works For (and Who It Doesn't)
This building tends to fit four buyer profiles:
Out-of-state and international buyers who want a fully serviced Chicago pied-a-terre with no maintenance burden. The hotel-grade staff means you can show up four times a year and the unit operates itself. The brand recognition also matters for international buyers from markets where Trump-branded properties signal a particular tier of real estate.
Empty nesters from the Chicago suburbs downsizing into the city. Trump's combination of full services, lake views, and walkable access to River North restaurants and Mag Mile retail solves the maintenance and convenience problems of a single-family-home transition.
Investors targeting the hotel-condo program for managed rental income exposure to Chicago tourism and business travel without the operational headache of running a short-term rental personally. For investor-friendly options elsewhere in the city, our investor-friendly condos page covers buildings with more permissive rental rules.
Long-term hold buyers in the $1M to $3M residential range who want luxury exposure in a recognized tower with strong amenity coverage. Trump Tower's resale velocity has historically been steady in this band, with longer days-on-market for the larger floor plans and penthouses.
Buyers who shouldn't focus here: anyone prioritizing low HOA fees (this building's full-service model means HOAs run high), anyone who wants Airbnb-style short-term rental control on a residential unit (the building doesn't permit it), or anyone whose primary criterion is a quiet residential-only resident profile (the hotel traffic is an active part of the building). For those needs, lower-HOA buildings in River North or vintage co-ops on Lake Shore Drive often fit better. The John Hancock Center and Marina Towers are common alternatives buyers consider in this same conversation.
Pricing, HOA Fees, and Carrying Costs
Pricing at Trump Tower runs across a wide range depending on whether you're looking at hotel-condo or residential, and within residential, what floor and view orientation you target. Approximate current ranges:
- Hotel-condo studios and 1BRs: roughly $300K to $600K depending on floor and view
- Residential 1BR units: roughly $500K to $900K
- Residential 2BR units: roughly $800K to $1.8M depending on floor and view
- Residential 3BR units and larger: roughly $1.8M to $5M
- Penthouses: $5M and up, with the largest units commanding premiums above $15M
HOA fees in this building reflect the full-service hotel-grade staffing. Expect roughly $1.50 to $2.50 per square foot per month for residential units, which puts a 1,500 sqft 2BR in the $2,250 to $3,750 monthly range. Hotel-condo HOA structure is different and integrates with the rental program economics. Property taxes in Cook County add meaningful carrying cost to any Chicago condo purchase, and at this price tier the assessed values run high; we typically model 1.8 to 2.2 percent of purchase price annually for tax planning.
For buyers comparing carrying costs across downtown Chicago luxury, this stack runs higher than most non-hotel luxury buildings but in the same range as the very top-tier full-service buildings like St. Regis Chicago. The amenity-to-cost ratio is competitive for what you get, but you have to actually use the amenities for the math to work.
CONTINUE YOUR RIVER NORTH CONDO SEARCH
Not seeing anything you like at Chicago's famed Trump Tower? Start browsing more River North condos for sale, or contact us today at (312) 953-0961 for help with your Chicago home or condo search!
Considering a Trump Tower Chicago Purchase?
Trump Tower works well for the right buyer profile and works poorly for the wrong one. In my 20+ years selling downtown Chicago condos, I've helped clients on both the residential and hotel-condo sides of this building, and the questions worth asking before you write an offer here are different from the questions worth asking on a typical condo purchase.
If you're evaluating Trump Tower against other River North or Streeterville luxury options, contact me at (312) 953-0961 or helaine@chicagocondofinder.com. I can walk you through current inventory, recent comparable sales by floor and view, the differences in financing for hotel-condo versus residential units, and what the building's HOA reserve and assessment history looks like.
Frequently Asked Questions About Trump Tower Chicago
How much do Trump Tower Chicago condos cost?
Trump Tower Chicago condos range widely based on whether you're looking at hotel-condo or residential units. Hotel-condo studios and 1BRs typically start in the high $300Ks and run up to about $600K. Residential 1BRs start around $500K, 2BRs run $800K to $1.8M, 3BRs and larger run $1.8M to $5M, and penthouses sit above $5M with the largest units trading above $15M. Floor and view orientation drive significant premiums; lake-facing east units command the highest prices, while city-facing west units sit at the lower end of the range.
What are HOA fees at Trump Tower Chicago?
HOA fees at Trump Tower reflect the full-service hotel-grade staffing model, which includes 24-hour concierge, doorman, valet, in-home dining, housekeeping access, and the building's spa and fitness facilities. Residential units typically run $1.50 to $2.50 per square foot per month, putting a 1,500 sqft 2BR in the $2,250 to $3,750 range monthly. Hotel-condo HOA structure is different and integrates with the rental program economics. Always pull the most recent HOA disclosure and check the reserve study before making an offer; this building's full-service model means the operating costs are real and need to be supported by reserves.
What's the difference between hotel-condo units and residential condos at Trump Tower?
The two are sold under the same address but operate as different products. Hotel-condo units sit on floors 14 to 27, are part of the hotel rental inventory, and owners can opt into the hotel's rental program for managed income. Residential condos sit on floors 28 to 89, are owner-controlled with no hotel involvement, and have the standard luxury condo rules including no short-term rental. Hotel-condo units price significantly lower and target investors; residential units price higher and target owner-occupants and long-term holds. Financing, exit liquidity, and tax treatment differ between the two, so the underwriting needs to match the side you're buying.
Can you Airbnb a Trump Tower Chicago condo?
The residential side of Trump Tower (floors 28 to 89) does not permit short-term rentals like Airbnb; the building's declarations restrict it the same way most full-service luxury condos in Chicago do. The hotel-condo side (floors 14 to 27) operates differently: those units are part of the hotel inventory, and owners participate in the hotel's managed rental program rather than running their own Airbnb listing. If short-term rental income is your primary goal and you want to control the listing yourself, you should look at Airbnb-friendly buildings elsewhere in the city.
How does the Trump Tower Chicago hotel rental program work?
Owners of hotel-condo units can opt into the building's hotel rental program, in which the hotel manages all bookings, guest services, cleaning, and front-desk operations, and the owner receives a share of the rental revenue based on the program's terms. Owner-use is permitted but typically subject to advance scheduling and limits on consecutive nights, since the unit needs to be available for hotel inventory. Income fluctuates with downtown Chicago hotel demand, which is driven by convention business at McCormick Place, Mag Mile tourism, and corporate travel. The program is meant to be hands-off; this is a managed investment, not an active short-term rental business.
What floor plans are available at Trump Tower Chicago?
Trump Tower offers a wide range of floor plans across both ownership tiers. Hotel-condo units include studios, 1BRs, and 2BR hotel-suite layouts, typically ranging from about 500 to 1,500 sqft. Residential units run from 1BR layouts around 1,000 sqft up through 4BR and 5BR penthouses exceeding 6,000 sqft. The largest penthouses occupy multiple floors and feature 16-foot ceilings; standard residential ceilings are 10 feet. Floor plans on lower residential floors tend to repeat in stacks, while penthouse-level units are largely custom configurations. Our team can pull the specific floor plan PDF for any unit currently on the market.
What amenities are included at Trump Tower Chicago?
Trump Tower offers a hotel-grade amenity stack: 24-hour concierge and doorman, valet parking in the resident-only section of the 1,000-vehicle garage, the 14th-floor Health Club with a heated indoor pool, fitness studios, locker rooms with steam rooms and sauna, and a full-service spa. Building services include in-home dining and catering, housekeeping, laundry, and package management. The 16th-floor restaurant has a panoramic river and skyline terrace, and the building includes ground-level retail and a riverfront park accessible from Wabash Avenue. Residential units feature Snaidero kitchens with Sub-Zero refrigerators and Miele cooktops, plus floor-to-ceiling windows in nearly every layout.
How tall is Trump Tower Chicago?
Trump Tower Chicago stands 1,389 feet tall including the spire, with 92 occupied stories. It's one of the tallest buildings in the United States and ranks among the tallest residential buildings in the western hemisphere. The building was designed by Adrian Smith of Skidmore, Owings & Merrill (the same firm responsible for the Burj Khalifa and the Willis Tower) and opened in 2009. The setbacks at the cornice heights of the Wrigley Building, Marina City, and the IBM Building are intentional design references to nearby Chicago landmarks.
Is Trump Tower Chicago a good investment?
It depends entirely on which side of the building you're buying and what your investment thesis is. Hotel-condo units have functioned as a managed investment product with rental income tied to Chicago hotel demand; that's worked steadily for owners who wanted hands-off rental exposure but isn't a high-appreciation play. Residential units have shown steady but not exceptional appreciation, with the 1BR and smaller 2BR market in the building showing the most resale velocity and the larger floor plans and penthouses sitting longer on market. The brand recognition cuts both ways: it can attract specific buyer pools and can also reduce the buyer pool depending on market conditions. We typically recommend modeling a 7 to 10 year hold to absorb the high carrying cost stack against meaningful appreciation.
What floors do residential condos start on at Trump Tower Chicago?
Residential condos at Trump Tower Chicago begin on floor 28 and run up through floor 89. Floors 14 through 27 are hotel-condo units, which are part of the hotel inventory rather than traditional residential ownership. Floors below 14 contain the hotel lobby, public spaces, retail, banquet facilities, the 14th-floor Health Club and spa, and the 16th-floor restaurant. The mechanical and amenity floors are positioned strategically through the building. Higher residential floors command meaningful price premiums, particularly for east-facing lake views.
What property taxes should I expect at Trump Tower Chicago?
Property taxes at Trump Tower Chicago, like all Cook County real estate, are based on assessed value, the local tax rate, and any applicable exemptions. At this price tier we typically model 1.8 to 2.2 percent of purchase price annually as a planning estimate, though actual assessed values can lag market values and create either favorable or unfavorable tax bills depending on where the property sits in the assessment cycle. Tax appeals are common in Cook County and can produce meaningful reductions; most buyers at this price point work with a property tax attorney post-closing. Always verify current tax bills with the Cook County Assessor's Office and factor potential reassessment into your carrying cost model.
How does Trump Tower compare to other downtown Chicago luxury buildings?
Trump Tower's most direct comparables are the Tribune Tower, St. Regis Chicago, and One Chicago for full-service luxury, plus the upper floors of John Hancock Center for views and recognition. Trump's differentiator is the integrated hotel-condo program, which no other luxury Chicago building offers at this scale. St. Regis runs higher carrying costs at the very top end, Tribune Tower offers a more historic conversion product with strong city views, and One Chicago is newer construction with a different amenity profile. The right comparison depends on whether you're prioritizing lake views, city views, hotel services, brand recognition, or pure residential privacy.