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Half-Baked Chicago Penthouse Restored, Relisted for $4.75M

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Location: Chicago, Ill.
Price: $4,750,000
The Skinny: The 6,400-square-foot penthouse at Chicago's Montgomery Ward Observatory is now home to four bedrooms, five bathrooms, and sleek, modern interior design, but none of this was in place when it sold back in late December for $1.9M. The quick, yet apparently thorough, renovation transformed the four-story penthouse, which overlooks Millenium Park and Lake Michigan, and its asking price. Post-renovation, the sky-high pad is asking a whopping $4.75M, not bad for six months' work. Yet despite all the improvements, it is some of the unit's intrinsic features that are the real selling point here, like the arched stone windows, towering ceilings, and 2,000 square feet of outdoor space.

· 6 N Michigan Ave [Redfin]
· Holiday Closings: Three Dynamite Homes No Longer For Sale [Curbed Chicago]
· Montgomery Ward Penthouse Built Out & Brought to Market [Curbed Chicago]