Luxury Condos

Luxury condos and high-rises in Chicago

Chicago's luxury condo market ranges from lakefront high-rises and full-service towers to boutique West Loop lofts and penthouses. I help buyers evaluate the building as carefully as the unit, and help sellers market to qualified high-end buyers.

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  • Daniel EllingtonLicensed Illinois Real Estate Broker
  • Infiniti PropertiesBrokerage since 1991, Homewood office
  • IL License #475211812Chicagoland and throughout Illinois

Who this is for

Luxury condo buyers

Buyers seeking views, amenities, and full-service living.

Pied-à-terre buyers

Second-home and part-time owners who want lock-and-leave convenience.

Luxury condo sellers

Owners of penthouses and premium units.

How it works

  1. Define your lifestyle Views, amenities, parking, pets, and service level.
  2. Compare buildings Assessments, reserves, rules, and recent sales.
  3. Private tours and offer Discreet showings and confident negotiation.
  4. Review and close 22.1 documents, jumbo financing, and closing.

What I do for you

  • Building-by-building comparisons of assessments and services
  • Review of reserves, special assessments, and rules
  • Introductions to jumbo and private banking lenders
  • Discreet, appointment-only showings
  • Marketing to qualified high-end buyers for sellers

Neighborhoods and building types

Popular luxury areas include the Gold Coast, Streeterville, River North, the West Loop and Fulton Market, the South Loop, and the lakefront in Lakeview and Lincoln Park. Full-service buildings with doormen, fitness centers, and valet parking carry higher assessments that cover more services.

Chicago also has cooperative buildings, especially along the lakefront and in the Gold Coast, where buyers purchase shares and typically need board approval. Co-ops have different financing and approval processes than condos.

Common questions

What do condo assessments cover in luxury buildings?

It varies, but often includes doormen, building staff, amenities, heat or other utilities, insurance on common areas, and reserves. Compare what's included, not just the dollar amount.

What is a co-op, and how is it different from a condo?

In a co-op you buy shares in a corporation that owns the building, rather than owning your unit outright. Co-ops usually require board approval and may have stricter financing and sublease rules.

Do I need a jumbo loan?

If your loan amount exceeds the conforming loan limit, yes. Jumbo loans often require stronger credit, larger down payments, and more reserves.

How important is parking?

Very, in many downtown buildings. Deeded or assigned parking can add significant value and is sometimes sold separately.

How do you market a luxury condo?

Professional photography, video, floor plans, Zillow Showcase, targeted digital marketing, and outreach to agents with qualified buyers, with private showings when sellers prefer discretion.

This page is general information, not legal, tax, or lending advice. Consult a real estate attorney, CPA, or lender about your situation.

More luxury guides

North Shore

Learn more

Western suburbs

Learn more

South and southwest suburbs

Learn more

Selling a luxury home

Learn more

Luxury overview

Overview

Looking for a luxury condo?

Call or text Daniel directly, or send a message. Most inquiries get a same-day response.

708-625-8788
Infiniti Properties, 2401 183rd St, Homewood, IL 60430
Brokerage 708-206-3000  |  IL License #475211812

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What Our Clients Say About Us

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Daniel Ellington: Chicago’s Best Real Estate Broker
4.8 (19)
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Adam Bevan
Adam Bevan
11 months ago

Dan was an excellent representative for us and I wouldn't hesitate to work with him again

Lorenzo Douglas
Lorenzo Douglas
8 months ago

Daniel has been amazing for me as an out of state investors. Very response, pretty decent comps. He's gone above and beyond for me.

Jared Rowntree
Jared Rowntree
7 months ago

Daniel was absolutely phenomenal during our house hunt and closing. Any time an issue came up, Daniel took it in stride and helped everybody involved to have a smooth process. He is wildly friendly and knowledgeable, and was invaluable to us as First Time Homebuyers; he kept us informed and up to date the second anything changed. I wouldn’t hesitate to hire Daniel again for my next house, and the next ones after that.

Michael Van Kley
Michael Van Kley
4 months ago

Daniel was great. I would use him again.

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