Some sales are driven by timing. This was one of them.
When Residence 516 at Tribune Tower quietly entered the market, it was the only unit available in the building under $2 million. But more importantly, it had something buyers consistently ask for in this building—private outdoor space. A balcony at Tribune Tower isn’t just a feature. It’s a differentiator. And when there’s only one, demand tends to follow.
From the beginning, the setup was deliberate. I knew the market was waiting for a home like this. The interest was already there—it was just a matter of presenting the opportunity clearly, and to the right people. Before the listing went live, I had already engaged key buyers and agents actively watching the building. We had sharp visuals, precise messaging, and a simple narrative: if you're looking for a one-bedroom in Tribune Tower with outdoor space, this is it.
The result was immediate. Multiple offers. Under contract in 48 hours. And a record-breaking resale price for a one-bedroom in the building: $1,260,000 without parking.
This marks my 14th transaction in Tribune Tower, and every one of them has reinforced the same truth: this building is unlike anything else in Chicago. The architecture. The provenance. The way the original structure was honored and elevated through careful design. There’s a reason serious buyers continue to zero in on 435 N Michigan Avenue. It’s irreplaceable.
To my client—congratulations on another sharp investment play, executed with clarity and precision. And to the new owner: welcome to a piece of Chicago’s most storied address.
If you're considering buying or selling at Tribune Tower I’d be happy to talk.
