Evanston Penthouse Condo Sells For $2.7 Million

EVANSTON, IL — A penthouse condominium that takes up an entire wing of the Residences of Sherman Plaza and is the largest condo in downtown Evanston in one of the area's tallest buildings sold last week for $2.7 million. The interior offers an "absolutely sophisticated" environment. A smart home system has been incorporated into the design to control the home's lighting, windows, audio-visual, heating and air conditioning systems, according to its listing. The nine-room space is "unique in character" while also being "harmonious and functional."

The four-bedroom penthouse unit has 4,000 square feet – plus three outdoor terraces with 775 square feet of space. There are heated floors, integrated concealed storage compartments, stainless steel kitchen appliances, a walk-in closet, a bidet, a steam shower and a whirlpool bathtub. The condo features panoramic views to the north, east and west. The property was listed in September and sold on Friday.

The unit was purchased in 2007 for $2.034 million as raw space from developer Focus Development, the Chicago Tribune reported. Its first owners, Pamela and Glenn Gray, then brought in their own subcontractors to apply the finishing touches, which include custom walnut cabinetry and African mahogany floors. The listing agent told the Tribune the sellers were moving out of state and looking to build anew. The sale price represents a record for the building. Its new owners have not been identified in public records, although the buyer is already a resident of the building, the agent said.

Sherman Plaza is effectively tied with Evanston's Chase Building for the title of tallest building between the cities of Chicago and Milwaukee. It has 253 units and and 153,000 square feet of commercial space, as well as an attached 12-story parking garage, which was funded partially through tax increment financing and $40 million of city funding. The $190-million project was the most expensive development in the history of downtown Evanston when it opened in 2005, according to the New York Times.

The condo's 2018 estimated market value for taxing purposes was $1,165,010, according to the Cook County Assessor's Office. Its total tax bill last year was more than $30,000.

• Address: 807 Davis St Unit 2503, Evanston, Illinois
• Listed Price: $2.85 million on Sept. 14
• Closing Price: $2.7 million on Nov. 9
• Built: 2007
• Square Feet: 4,000
• Bedrooms: 4
• Bathrooms: 3 baths

This listing originally appeared on realtor.com. For more information and photos, click here.