Son of late McDonald’s CEO sold penthouse condo in Streeterville for $5.8 million

The son of the late McDonald’s CEO Jim Cantalupo on Monday sold his four-bedroom, 6,200-square-foot duplex penthouse condo on the 40th floor of a Streeterville high-rise for $5.8 million.

Jeff Cantalupo, an investor and branding expert, first listed the unit in March for $5.999 million. He had paid $4.6 million for the unit, putting together three units purchased in 2009, 2013 and 2015.

“It’s three units combined together seamlessly to create an amazing, unique home in the sky with (an) incredible caliber of finish,” said listing agent Tim Salm of Jameson Sotheby’s International Realty, who added that the home “sold briskly.”

The unit is in a building designed by architect Helmut Jahn that was built in 2008.

Tatiana Miller of Coldwell Banker represented the buyer, whom she identified as Ted Silverstein.

“My client has impeccable taste. He already owns a beautiful condo in River North, (but) he just would like to improve his views,” she said, noting the “breathtaking views, breathtaking design, breathtaking finishes — everything about this space is modern luxury.”

The unit is one level above the floor where Chicago native Chance the Rapper reportedly paid $3.7 million recently for a three-bedroom, 4,500-square-foot unit.


This article provided by NewsEdge.