Chicago’s rapidly developing West Loop neighborhood has no shortage of new luxury apartments available for well-heeled renters. This penthouse on the upper floor of the neighborhood’s tallest building literally tops them all—for $10,000 a month.
Rising nearly 500 feet in the air, the two-bedroom apartment sits on the 45th floor of the 727 W. Madison apartment tower. The glassy building opened late last year just west of the Kennedy Expressway. The unit’s curvaceous open floorplan hugs the structure’s southern edge, where the tower’s elliptical layout is on full display.
Notable features include a high-end kitchen with full-size Viking appliances, a smart thermostat system, and lots of marble in the master bathroom. Ethan Allen staged the space, and the furniture can be purchased as a whole, piece by piece, or removed before move in.
For all of the unit’s bells and whistles, the view is the real star. The wrap-around, floor-to-ceiling vistas include the glass and steel mountains of downtown to the east as well as Illinois’s pancake-flat topography stretching as far as the eye can see to the south and west. The angle from the freestanding tub in the master bathroom is especially jaw-dropping.
At 1,885 square feet in size, the home is the roomiest apartment in the building, as well as its most private. Because it is the only residential unit on the floor, you won't have to interact with too many neighbors. The apartment does, however, share the level with the building’s “sky lounge” amenity space at the tower’s opposite end.
While paying $10,000 in monthly rent is unrealistic most Chicagoans, there is clearly a market for these types of properties considering that developers continue to offer them in new buildings. In June, a massive 8,000-square-foot penthouse at the Old Town Park development hit the market for a headline-grabbing $45,000 per month.