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"It is a lack of demand. Chicago doesnt have the same economic drivers as NYC, SF or DC that create higher competition among the top tier of real estate purchasers (driving up costs) and does not have the same cache of city living as those cities. Nor does Chicago attract the same quality of foreign purchasers. This home in Manhattan, in a neighborhood comparable to the Gold Coast would easily fetch $8mm+." — Untitled Reality [Stout Gold Coast Five-Bed Sells For A Modest $1.95M]