Luxury Property News

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Rare Auction of Remarkable Chicago Gold Coast Landmarked Area Residence Announced by Supreme Auctions

Astor Terrace will be sold at a No-Reserve Auction on August 20, 2020

Chicago, IL, July 22, 2020 — Perfectly located in the city’s Gold Coast neighborhood of Lincoln Park near Lake Michigan in Chicago, Illinois, the residence (named Astor Terrace), is located in a quintessential area filled with history, and renowned neighbors. With a rare, private and secluded courtyard terrace garden, the property offers endless possibilities and the optimal canvas for a dream home creation for the most discerning of homeowners. Supreme Auctions will offer the property through a luxury no-reserve auction in cooperation with Alex Wolking with Keller Williams Chicago-Lincoln Park on August 20, 2020.

“Originally designed and built in 1891 for Charles Valette Kasson by the famed architects, the Pond & Pond Brothers, this home has been upkept with the greatest of care,” stated Jennie Heal, President of Supreme Auctions. “In addition to the historical prestige, Astor Terrace is located in one of Chicago’s most renowned treasured residential communities. The Gold Coast neighborhood possesses a quiet atmosphere filled with tree-lined streets, stately homes and numerous connections to the city’s past, that include the original Playboy Mansion and many influential families’ homes, including the current residence of Governor Pritzker.”

Astor Terrace is the epitome of brilliance and majesty for the affluent individual in search of privacy and comfort. Nestled on two city lots, an addition in 1930 combined the neighboring home, and in 1940 the property underwent an extensive renovation. The home encompasses six bedrooms, multiple bathrooms, formal living and dining rooms, kitchen, library, casual den, maid/caretakers quarters, wine cellar, unfinished basement and a rare private perennial garden terrace courtyard. This unique residence is perfect for raising a family, hosting friends and family, and enjoying life to the fullest.

“This home has a sense of timeless grace,” stated current owner, Margaret Elliott. “It is a relaxing place to be while being immersed in the city. Lincoln Park’s proximity to beaches, Lake Shore Drive and Michigan Avenue, places this house in the best neighborhood and best street in Chicago to soak in all that the city offers.”

Astor Terrace has an excellent location within the northern suburbs of Chicago to take in all the splendor that surrounds you. Lincoln Park is conveniently located at the north end of the street from this home, which provides easy access to outstanding public and private schools, all the while being one of the most coveted blocks in the city. The charming Astor Street district was designated as a Chicago landmark in 1975 and is ideal for a leisurely stroll under the tree canopied street. Additionally, some of the city’s best retail establishments and restaurants are all within walking distance.

“The house has been meticulously cared for by the same family for over 62 years, and the sense of pride in ownership definitely shows,” stated Alex Wolking, listing agent. “It’s almost like a suburban home in the city. The garden is truly a one-of-a-kind space, especially in Chicago, where private outdoor space is unheard of.”

Astor Terrace will be sold at a luxury no-reserve auction on August 20, 2020. To learn more, contact Supreme Auctions at (866) 929-2243