Opulent Gold Coast duplex with imported French walls returns with price reduction

The one-of-kind luxury home has knocked $3.5 million off its asking price over the last 14 months

By Jay Koziarz Apr 11, 2017, 11:56am CDT

Once owned by the famed Wrigley family, this ornate French-influenced co-op duplex in Chicago’s old-monied Gold Coast neighborhood is back on the market following a price reduction. Offering sweeping lake views, seven bedrooms, and nine baths, this spacious and over-the-top home occupies the 14th and 15th floors of the 1927 McNally & Quinn/Rosario Candela-designed building at 1500 N. Lake Shore Drive. It last changed hands in the 1980s and was subsequently remodeled.

While some of the decor might seem a bit stale (most notably the bedrooms), the unit features some seriously high-end architectural pieces salvaged from historic European homes. For instance, the two level property’s foyer, dining room, living room, and library all sport Louis XV Boiserie paneling from the mid-18th century. According to the listing, the antique limestone staircase was also imported from France and reassembled by skilled craftspeople.

When the seven-bedroom home hit the market in early 2016 for $13.5 million, it then represented Chicago’s fifth most expensive residential listing. Now reduced down to $9.99 million and facing an increasingly crowded ultra-luxury marketplace, the stately property doesn’t even crack the Windy City’s top ten priciest for-sale homes.

With that being said, this is still one expensive piece of real estate. According to the listing, the seller is only accepting cash offers. Meanwhile, the home’s co-op fees—which thankfully also include property taxes—demand an additional $10,861 per month.