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Matthew Bayer Sells Condo At 950 North Michigan Avenue In Chicago For $5.1M

Property Image
SOLD
$5,100,000
Timothy Salm

Illinois

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Condo9,000 SF
Sold 04/30/2026
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Property Image
SOLD

Matthew Bayer Sells Condo At 950 North Michigan Avenue In Chicago For $5.1M

950 North Michigan Avenue

See Similar Deals
Condo9,000 SF
Sold 04/30/2026
Timothy Salm
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Summary

ILLINOIS
Asset Type:Condo
Price Per Square Foot:$566
Total Square Footage:9,000 SF
Transaction Type:Sale

A 9,000-square-foot duplex condo located at 950 North Michigan Avenue, Chicago, recently sold for $5,100,000. The property features six bedrooms and spans the 46th and 47th floors, and it has been recently remodeled. This condo is one of three downtown Chicago condos that have traded above $5 million this year.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,100,000
  • Square Footage: 9,000
  • Price Per Square Foot: $567
  • Seller: Joyce Bayer; Matthew Bayer - MJ Holding Company
  • Broker Representatives: Ryan Preuett & Timothy Salm - Sotheby's International Realty
  • Date of Transaction: 04/30/2026

Matthew Bayer, one of the sellers, had originally listed the property at a higher price but reduced it multiple times before the sale. The identity of the buyer has not been disclosed.

Players

Timothy Salm
17 deals$125.1M volume
BROKER

Ryan Preuett
Sotheby's International Realty
8 deals$43.4M volume
BROKER


1 deal$5.1M volume
SELLER

Details

SOLD
IMAGE: Timothy Salm, Ryan Preuett & Matthew Bayer DATE: 04/30/2026 ADDRESS: 950 North Michigan Avenue MARKET: Chicago ASSET TYPE: Condo SELLER: Joyce Bayer; Matthew Bayer - MJ Holding Company BROKERS: Ryan Preuett & Timothy Salm (@Tim_Salm_RealEstate) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $5,100,000 SF: 9,000 ~ PPSF: $567 NOTE: Matthew Bayer sold his 9,000-square-foot duplex condo at One Magnificent Mile for $5.1M, down nearly $1M from its original asking price after multiple reductions.The six-bedroom unit, spanning the 46th and 47th floors, was recently remodeled and marks one of three downtown Chicago condos to trade above $5M this year, though the buyer has not been disclosed.

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