South Loop condo is most expensive ever sold in neighborhood

1600 South Prairie Avenue (Credit: VHT Studios)

A South Loop condo sold for $3.4 million, making it the most expensive home sale in the neighborhood.

Deborah Diaz, an owner of a south suburban strip club, sold the top-floor unit at Prairie Pointe, 1600 South Prairie Avenue, to Chad and Lorien Yonker, according to Crain’s.

The condo trails only Kenwood mansion that sold for $3.95 million in 2013 among most expensive home sales south of Roosevelt Road.

The Yonkers’ new home has 4,000 square feet of interior space, a rooftop that covers the entire top of the 24-story building, a 750-square-foot terrace and four indoor parking spaces. The rooftop has unobstructed views of Lake Michigan.

Diaz bought the condo new in 2006 for $1.75 million.

Michael Murphy of Related Realty represented the sellers. Baird & Warner’s Jerry Chaparro represented Diaz.

Murphy said the couple plan a gut rehab of the two-bedroom, three-bathroom unit and upgrade the rooftop.

Chaparro said the property had previously been available for rent, at $15,000 a month.

The condo is a couple of blocks from where Journey’s End Development is building a 39-unit condominium building at 1802 South State Street.

Both condo developments are close to where Related Midwest wants to build “The 78” super-development. It is proposing up to 13 million square feet of residential, office and hotel space to be built over decades. [Crain’s] — John O’Brien

 

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