Most Expensive Zip Codes: 60611, Estate of the Day
Filed under: Estates

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 60611 . This zip code is in Chicago, Illinois and encompasses pricey Chicago's Gold Coast area. This zip code has a median price of $1,954,000 with an appreciation rate of 236% since 1990.
Right now, the most expensive listings in this area belong to the Chicago Spire, the massive spiraled Santiago Calatrava masterpiece that will be the new defining piece in the Chicago skyline. The MLS is also sprinkled with some pricey listings for Trump's Chicago offering. But for today's estate I chose something a little older that speaks to this area's history. This duplex is part of a building built in 1913, designed by architect Benjamin Marshall and located on East Lake Shore Drive. The unit was purchased as raw space by the current owners in 1998 and redesigned by architect Scott Himmel. The main level has a round entry foyer with curved stairway, large living room with lake views, a separate dining room/library, family room, eat-in kitchen with breakfast room and butler's pantry, and a separate laundry room. The upper level has three bedrooms including a master suite with a study, dressing rooms and a terrace over looking the lake. This home is listed at $5.6 million.
One of the unfair truths about the real estate market is that the most expensive neighborhoods are the ones that tend to rise the fastest when times are good -- and are also the ones that hold onto their value the best when times are bad. 