4 EAST ELM | MARKET UPDATE 2025
A complete look at active listings, pricing trends, and buyer activity inside 4 East Elm, one of the Gold Coast’s premier boutique luxury condo buildings.
4 East Elm continues to stand out within the Gold Coast luxury condo market thanks to its contemporary design, private elevator access, half-floor layouts, and intimate scale of just 35 residences. Buyers who value privacy, modern finishes, and walkability consistently rank 4 E Elm among the most desirable boutique condo buildings in downtown Chicago.
Turnover remains low — which is exactly why opportunities here are rare, and why the building continues to show impressive pricing stability.
Below is a complete breakdown of current inventory, 2025 closings, and the broader market narrative inside this highly coveted Gold Coast address.
CURRENT INVENTORY (AS OF DECEMBER 2025)
Inventory remains extremely limited — consistent with 4 East Elm’s boutique luxury profile. Available residences range from a high-floor two-bedroom to a south-facing half-floor home with a terrace.
| Unit | List Price | Beds | Baths | Notes |
|---|---|---|---|---|
| 20N | $2,675,000 | 2 | 2.1 | High-floor north exposure, ~2,200 sq ft, luxury finishes |
| 13S | $3,100,000 | 3 | 3.1 | Half-floor, terrace, private elevator, ~3,516 sq ft |
Analysis:
4 East Elm currently has only two active listings, priced from $2.675M to $3.1M — exceptionally limited even by Gold Coast standards.
The S-tier (south-facing) residences continue to anchor the upper pricing range, driven by their scale, exposures, and desirability among buyers seeking large-format boutique luxury living.
RECENT SALES | LAST 12 MONTHS
| Unit | Beds | Baths | Closed Price |
|---|---|---|---|
| 6S | 3 | 3.1 | $1,825,000 |
| 15N | 3 | 3.1 | $2,900,000 |
| 22S | 3 | 3.1 | $3,412,500 |
| 21S | 3 | 3.1 | $3,802,500 |
| 20S | 3 | 3.1 | $5,170,000 |
| PH23 | 4 | 3.2 | $10,125,000 |
Analysis:
4 East Elm recorded six closings in the past 12 months, ranging from $1.825M to $10.125M — substantial activity for a boutique building of this size.
Key trends include:
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S-tier residences remain the highest performers, with sales from $3.4M to $5.17M.
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N-tier half-floor units (e.g., 15N) continue to show strong demand and stable pricing.
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The PH23 penthouse closing above $10M reinforces 4 E Elm’s positioning in Chicago’s ultra-luxury condo market.
The building remains one of the Gold Coast’s most consistently stable boutique luxury addresses.
MARKET NARRATIVE
FOR BUYERS
4 East Elm offers a unique blend of modern architecture, boutique scale, and large half-floor layouts, ideal for downsizers, second-home buyers, and those relocating from larger suburban homes.
Inventory remains tight, so well-priced listings — especially renovated south-facing residences — tend to draw quick attention.
FOR SELLERS
Scarcity works in your favor.
Well-presented homes continue to attract motivated, well-qualified buyers. High-floor exposures, updated finishes, and outdoor space command notable premiums.
S-tier homes consistently outperform N-tier units due to their views, natural light, and desirability. Pricing stability is supported by:
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minimal turnover
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steady demand from luxury buyers
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strong walkability to Oak Street (more on Oak Street: https://www.oakstreetchicago.com)
FOR THE MARKET
4 East Elm occupies a distinctive position in the Chicago luxury condo landscape, defined by its boutique scale, modern layouts, and prime Gold Coast location.
The surrounding neighborhood remains one of Chicago’s most established residential districts (learn more: https://www.choosechicago.com/neighborhoods/gold-coast/), further reinforcing building desirability and long-term outlook.
The building continues to attract:
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empty nesters
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out-of-state buyers seeking a Chicago base
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luxury purchasers moving from older pre-war residences into modern layouts
OUTLOOK FOR 2026
4 East Elm enters 2026 with strong momentum and stable pricing. Limited inventory will continue to support values across all price tiers.
Expect:
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Continued strength in the $2.5M–$4M range
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Premium performance from S-tier and high-floor residences
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Ongoing appeal to second-home and relocation buyers
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Strong price stability reinforced by low turnover
4 East Elm remains one of the Gold Coast’s most desirable modern boutique condominium buildings.
CONDOS FOR SALE AT 4 EAST ELM
For buyers actively exploring condos for sale at 4 E Elm in Chicago’s Gold Coast, you can view the full, updated list of available residences here:
