Housing Boom Made These Lincoln Park Sellers Big Winners

At the dawn of the pandemic, the quick sale of this Howe Street mansion offered a bit of reassurance about the market. Two years later, it has sold again, at a far higher price. The seven-bedroom, 8,500-square-foot house on Howe Street sold for $6 million on Aug. 1. That’s about 44% more than the $4.18 million the sellers paid for it in May 2020.

Dining room with a light wood table, black chairs, exposed ceiling beams, and an open dark kitchen.

Open-plan kitchen and dining area with exposed timber beams, a black island, and tall windows.

Bright kitchen with a navy island, white cabinetry, exposed wood beams, and four wooden stools.

Now, on the other side of the pandemic, the mansion is simply the latest big-money sale. It’s the fourth Chicago-area home to sell for over $4 million in the past week. As of Aug. 3, there have been 86 homes sold this year at $4 million or more, compared to 51 in all of 2020, the last time the Howe Street mansion sold.

Living room with a white brick fireplace, exposed wood beams, and dark built-in cabinets.

Open-plan living room with a white sectional, fireplace, and exposed wood ceiling beside the kitchen.

Open-plan home interior with a broad wood staircase, light floors, and a white kitchen island.

The median price of a single-family home in Lincoln Park has risen about 25% in the span between this home’s two sales, according to Redfin, the online real estate marketplace.

Bright bedroom with a wood platform bed, gray bedding, and large windows with sheer curtains.

Red-brick home with a fenced backyard patio, wooden dining set, lawn, and stepping-stone path.

Fenced courtyard with a lawn, stone patio, basketball hoop, and surrounding red-brick buildings.

Housing Boom Made These Lincoln Park Sellers Big Winners

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