It sure didn't take long to produce conditions ripe for a monumental flip at the former Montgomery Ward Observatory penthouse. The 6,400 square-foot space sold at the close of 2012 in a half-raw state for $1.9M. A conventional floor plan with regular finishes lived in awkward tandem with a ragged and unfurnished great room with 35' x 35' dimensions, arched windows, and 20-foot ceilings. Six months later, the dichotomy no longer exists and the new challenge to overcome is asking price: now a cool $4.75M. One look around at the four-story, four-bed penthouse and that number suddenly seems doable (it always helps of course to have a grand piano anchoring your staging). The dynamic space has been thoroughly upgraded, including the previously built-out section. The kitchen impresses, as does the floating staircase, marble baths, gigantic skylight, and 2,000 square-foot private roof deck engulfed in skyline.
·Listing: 6 N Michigan Ave. #1901 [Dream Town]
·Holiday Closings: Three Dynamite Homes No Longer For Sale [Curbed Chicago]
·Former Montgomery Ward Observatory Turned Penthouse [Curbed Chicago]