July 10, 2023 01:39 PM
A rare contemporary home set amidst the historic buildings on Printer’s Row sold for the highest price on record in any part of the city south of Ida B. Wells Drive.
The Dearborn Street house, which has an outdoor pool on the second floor and a grocery store as a tenant on the ground floor, sold for $4.8 million on July 6. The price tops all past home sales south of downtown, including a Hyde Park mansion that went for $4.2 million in late 2021.
With a checkerboard terra cotta screen on the exterior of its upper floors, a dramatic ribbon-like staircase made of oak, and a second-story terrace and swimming pool tucked behind empty window openings on the second floor, “it’s a one-of-one house,” said Tim Salm, the Jameson Sotheby’s International Realty agent who represented sellers Chris and Sara Talsma. “There’s nothing else like it.”
For the buyers, the appeal was that the house “has all these special architectural details, but it still put them in the heart of Chicago, still has a feeling of being in the neighborhood,” said Debbi Nick, the Compass agent who represented them. The buyers are not yet identified in public records.
The Talsmas put the five-bedroom, 7,000-square-foot home on the market in November 2022, asking almost $6 million. It sold for about 80% of their asking price.
Chris Talsma, a principal at architecture firm Filorama Talsma, told Crain’s when the house was coming on the market that density dictated much of the design. The slender, long-vacant lot across the street from Dearborn Station wouldn’t accommodate a yard, so “we emphasized creating outdoor space” above the ground.
That’s mostly on the second floor, where the living spaces open onto a 2,000-square-foot space that spans the south side of the building but is concealed from view for passersby who only see a tall brick wall pierced by what look like empty window openings.
When the Talsmas bought the site in 2012, zoning would have allowed about 12 stories of residential space.
“That wouldn’t have fit the neighborhood,” Chris Talsma said last year. He designed the four-story house, with parking and a retail space on the first floor and the residence on the upper three.
At the time, the Talsmas were planning to build another house in the city. Crain’s couldn’t reach them today to learn where that project is. Before completing the Printer’s Row house, they lived in a West Town house they also created and sold in 2017.
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