List Price: $4.7 million
Sale Price: $4.7 million
The Property: A three-bedroom condo at the sleek 30 W. Oak sold for $4.7 million on Halloween. You had hoped to put it in your own trick-or-treat bag? Too bad—it never went on the market. Because of a flurry of recent sales in the building, the listing agent was able to recruit a buyer off her list of people who wanted to get into the glassy 24-story building.
The $4.7 million sale of a 23rd-floor unit was the highest price in the building’s seven-year history. And although the sale closed in late October, the sale contract was inked in August, the same month that three other homes in the building sold, each for $2.75 million or more. In a building with just 45 units, that’s a notable cluster of big-ticket sales.
“What’s going on is in terms of these small, intimate buildings of quality at the upper tier, there’s no inventory,” says Beth Wexner, the @Properties agent who sold the 4,700-square-footer that closed on Halloween. “So everybody wants into this building.”
One reason they want in is the building’s bowed south wall of glass, with skyline and neighborhood views. The close-range view was upgraded in 2011 by the rebuilt Ogden School immediately south of the condos. Ogden’s green roof livens up 30 W. Oak residents’ view, although it hasn’t been such a big hit with some students, who have complained about getting recess in a rooftop “cage.”
The 30 W. Oak building, designed by eminent architect Larry Booth’s firm, Booth Hansen, was completed in 2007. It’s energy-efficient and stands in a great location, with the historic Newberry Library and Washington Square Park just west, and the buzz of Rush Street/Oak Street/Michigan Avenue just east.
Wexner wouldn’t discuss the buyers or sellers in the $4.7 million deal. The Cook County Recorder of Deeds identifies the sellers as Stephen and Ruth Durchslag. Three years ago, the Durchslags sold a 6,300-square-foot contemporary home overlooking Lincoln Park for $4 million.
Records don’t yet identify the buyers.
If all this action makes you want in, there’s a chance on the eighth floor, where a three-bedroom is up for grabs at $3.15 million.
Price Points: The Durchslags paid $3.3 million for their 30 W. Oak condo in 2007, according to the Recorder.
The trio of units that sold in August are:
- One on the 11th floor that went for $3.3 million
- Unit 22A, which went for $3.6 million
- Unit 22B, which went for $2.75 million. (It’s about 18 percent smaller than the A unit, whose east-facing balcony looks straight along Oak Street to the beach while B’s looks at the Newberry Library.)
Prior to the August four-play, the last sale in the building had been in January, a sixth-floor condo that went for $1.347 million.