Tribune Tower Condos: Q3 2026 Chicago Market Update

Tribune Tower feels a little different than it did a year ago. The developer inventory has gotten pretty thin, resales are becoming a bigger part of what’s available, and some of the activity in the building never makes it onto the MLS.

There were 2 sales on the MLS during Q3 at 435 N Michigan Avenue. Unit #414 sold for $1.9 million and Unit #1008 sold for $2.5 million. I was involved in 2 other transactions during the quarter: the $2 million sale of Unit #620 and the purchase of Unit #1702 for just over $4 million.

#620 and #1702 are obviously very different condos. #620 is a 2-bedroom, 2.5-bath, while #1702 has 4 bedrooms and 4.5 baths. Both have great southern exposures overlooking the Chicago River, which continues to be one of my favorite views at The Tribune.

One Sale That Never Hit the Market

The owners of Unit #620 reached out to me a few months before their tenant’s lease was ending. I had been working with a buyer for a while and thought the condo could be a good fit.

We ended up putting the deal together privately at $2 million. There was very little disruption for the tenant, the sellers didn’t have to prepare the condo and go through the normal listing process, and the timing worked well for everyone.

The Developer Inventory Is Getting Thin

There are now just a handful of developer-owned condos left at Tribune Tower, which is a big change from where things stood a year or 2 ago.

There’s also a good range of resale inventory available. Current public offerings start at $1.575 million for Unit #812, with several options in the $2 million and $3 million range and larger condos above $4 million.

For a long time, a buyer at The Tribune was mostly choosing among developer inventory. That isn’t really the case anymore. Today, a buyer may be comparing a developer unit with a resale, or waiting for a particular floor plan or exposure to come available.

There are a lot of floor plans in the building, and 2 condos with similar square footage and the same bedroom count can feel completely different. Views, ceiling heights, outdoor space, parking and where the condo sits within the building all come into play.

I put together a more detailed Tribune Tower guide for anyone who wants to get further into the building, floor plans and amenities.

Going Into Q4

I’m curious to see what comes to market next. With only a handful of developer condos left, resales are naturally going to matter more, and we’re already seeing some owners test the market.

There’s been plenty happening outside the condos as well. Lululemon is coming to Tribune Tower, Fare is taking the former Foxtrot space at Pioneer Court, and Nike is opening a large store just up Michigan Avenue. I wrote more about Lululemon and the changes happening around Tribune Tower recently.

If you’re following the building, you can also see the current Tribune Tower condos for sale on my building page. If there’s a particular floor plan you’re looking for that isn’t available, feel free to reach out. It may simply be a matter of waiting for the right one to come along.