What exactly constitutes ultra-luxury housing in Chicago? Is it price? The materials used? The types of finishes offered? The location? It’s a bit of all the above, but the official yardstick in the Chicago real estate market is price. Any condo priced at more than $700 per square foot is considered to be in the luxury category.
Only a few months ago, the golden figure was $600, but the new figure is in line with a surge in prices across the board.
What do you get for your money? Well, you would want a decent view of the lake, Millennium Park or a panoramic skyline vista. The types of fixtures and finishes offered vary, but the brand names Snaidero, Grohe and Moen consistently appear. The way to distinguish yourself from the masses? Buy a penthouse.