Chicago’s Landmark of Prestige
The Tribune Tower Residences at 435 N Michigan Avenue combine historic gothic architecture with modern luxury. Since its conversion, the building has become one of Chicago’s most desirable addresses.
Over the past two years, I’ve had the privilege of completing 15+ transactions within Tribune Tower — a track record that makes me the most experienced broker in the building.
Current Inventory (as of August 27, 2025)
| Unit | List Price | Status | Notes |
|---|---|---|---|
| 416 | $1,260,000 | Active | Rare opportunity, currently listed |
| 612 | $1,290,000 | Active | One-bedroom |
| 401 | $2,995,000 | Active | Spacious residence |
| 503 | $3,000,000 | Private Active | 2BR |
| 1801 | $3,225,000 | Active | High-floor |
| 1703 | $3,400,000 | Active | River views |
| 2004 | $3,600,000 | Active | Expansive home |
| 1302 | $3,850,000 | Active | Large residence |
| 1105 | $3,900,000 | Active | Corner layout |
| 1112 | $4,300,000 | New Listing | Upper floor |
| 1203 | $4,899,000 | Active | Large floorplan |
Analysis:
Tribune Tower currently offers just over 10 active listings, spanning $1.26M to nearly $4.9M. This is limited supply given the size of the building. Residence 416 is especially notable — priced at $1.26M, it represents an accessible entry point into one of Chicago’s most iconic addresses.
Recent Sales | Last 12 Months
| Unit | Beds | Baths | Closed Price |
|---|---|---|---|
| 418 | 1 | 1.1 | $910,000 |
| 1009 | 1 | 1.1 | $975,000 |
| 516 | 1 | 1.1 | $1,260,000 |
| 710 | 2 | 2.1 | $1,450,000 |
| 1014 | 2 | 2.1 | $1,900,000 |
| 2003 | 2 | 2.1 | $2,200,000 |
| 1008 | 3 | 3.1 | $2,350,000 |
| 403 | 3 | 3.1 | $2,490,000 |
| 1103 | 3 | 3.1 | $2,675,000 |
| 1301 | 3 | 3.1 | $2,675,000 |
| 1803 | 3 | 3.1 | $2,850,000 |
| 905 | 4 | 4.1 | $2,925,000 |
| 602 | 3 | 3.1 | $3,025,000 |
| 1901 | 3 | 3.1 | $3,475,000 |
| 2302 | 4 | 4.2 | $4,370,000 |
Analysis:
Sales in Tribune Tower over the last year ranged from $910K to $4.37M, covering everything from one-bedroom residences to expansive four-bedroom layouts.
Demand has proven steady across all segments. Smaller residences remain liquid and approachable for entry-level buyers, while larger units consistently command strong multi-million-dollar prices.
Market Narrative
For Buyers:
Owning in Tribune Tower means securing a piece of Chicago history. With limited availability, opportunities like Residence 416 represent rare chances to enter this landmark at an accessible price point.
For Sellers:
Competition is selective, not broad. Each residence is unique, and condition, orientation, and historic detail strongly influence pricing outcomes. With proven sales across all tiers, sellers who present their homes well are achieving excellent results.
For the Market:
Tribune Tower continues to outperform expectations for an adaptive reuse project. It has firmly established itself as a premier luxury address, bridging heritage and modernity.
Outlook
Turnover at Tribune Tower will remain measured, but the building has already proven its resilience and appeal. Expect continued demand from both local buyers and out-of-state clients drawn to its mix of history, location, and modern luxury.
Spotlight: Residence 416
Among today’s listings, Residence 416 stands out. Priced at $1.26M, it offers buyers a rare chance to own within Tribune Tower at one of the most approachable entry points in the building. Combining history, luxury, and location, Residence 416 is a unique opportunity in Chicago’s condo market.
