A Sleeping Giant Wakes Up

Crain’s recently ran an article noting that condos at the Four Seasons Residences are trading at prices not seen since the 1990s. At first glance, that might sound like a negative. But the reality? It’s a very good sign for Chicago real estate.

For years, this building was a place where listings lingered. Units sat, waiting for buyers who never came. That’s no longer the case. In the last twelve months, 13 homes have sold here, and three more are currently under contract. That’s real movement—momentum that hasn’t been seen in this building for years.

The Real Story Behind the Numbers

Yes, many of these sales happened at lower prices. But context matters: most of the condos that traded were in original or dated condition, often needing significant updates to align with today’s design standards. Buyers aren’t paying top-dollar for projects; they’re paying fair value and investing to bring these residences back to life.

And let’s not forget what we’re talking about—it is still the Four Seasons. The brand, the service, the address… this building remains in a league of its own. When you combine that foundation with modern updates, the end result rivals anything Chicago’s luxury market has to offer.

Why This Matters for Chicago

This isn’t just about one building. It’s proof that the city’s luxury real estate market has a pulse. Inventory that once sat stale is finally moving. And when an iconic address like the Four Seasons sees renewed activity, it signals strength across the board.

The building itself has always been underrated. The location, the amenities, and the service remain unmatched. What’s changing now is the energy: new owners, new renovations, and a building that feels alive again.

Try It Before You Buy It

For anyone curious about what life here is really like, there’s an opportunity to experience it firsthand. 132 E Delaware #5303 is currently available for rent, fully furnished. It’s perfect for someone who wants to test-drive the Four Seasons lifestyle before making a long-term commitment. Incredible views, five-star service, and the chance to see why this building is one of Chicago’s most compelling opportunities right now.

https://132-e-delaware-place-unit--5303.mikelarsonrealestate.com