Two closings. Same building. Same floor plan. Both record prices for the 04 tier. Both under contract in under 10 days.
That’s not luck. That’s what happens when you know a building well enough to price it exactly where the market will pay — and not a dollar less.
The Numbers
Unit 704 — Floor 7
Sold: $464,000 (including parking)
List Price: $464,000 — full price
Listed: April 3, 2026 → Under contract: April 9, 2026 — 6 days
Unit 2204 — Floor 22
Sold: $473,000 (including parking)
List Price: $475,000 — $2,000 off asking
Listed: April 20, 2026 → Under contract: April 29, 2026 — 9 days
Why These Prices Are Significant
The 04 tier at The Lancaster is a 1-bedroom plus den with 1.5 baths — roughly 927 square feet with hardwood floors, in-unit laundry, a private balcony, and lake views that vary by floor. It’s one of the most popular layouts in the building.
The previous record sale for this tier — with parking included — was $460,000 for unit 2804 on the 28th floor, back in April 2018. That was a high floor with full unobstructed lake and Navy Pier views.
Unit 704 just beat that record from the 7th floor. A lower floor, outperforming a unit 21 stories higher. That doesn’t happen by accident. It happens because the unit was prepared correctly, priced precisely, and marketed to the right buyers.
Unit 2204 then pushed the record even higher — $473,000 — three weeks later.
What This Means for Lancaster Owners
These sales reset the baseline for what 04 tier units are worth in this building. If you own in The Lancaster and you’ve been using old comp data or Zestimate numbers to gauge your home’s value, those numbers are outdated as of this month.
Here’s what I’d want you to know:
Floor matters, but strategy matters more. A 7th-floor unit just outsold every higher-floor unit in the tier’s history. The difference wasn’t the view — it was the pricing strategy, the preparation, and the timing.
The market is rewarding sellers who price right from day one. Both of these units went under contract in under 10 days. Neither required a price reduction. Buyers in this neighborhood are motivated and informed — they recognize value when they see it, and they move fast when a unit is priced where it should be.
Parking continues to be a factor. Both sales included deeded garage parking in the price. Parking in The Lancaster has historically added $25,000–$35,000 to the transaction. How you position your parking spot — included vs. separate — affects your net and your marketing strategy. I can walk you through the options for your specific unit.
About The Lancaster
201 N Westshore Drive is a 30-story, 207-unit high-rise in the heart of Lakeshore East. The building walks directly out to the 6-acre Lakeshore East Park and is steps from Millennium Park, Maggie Daley Park, the lakefront trail, Mariano’s, and the Loop. Full amenities include 24-hour door staff, a fitness center with Peloton bikes, a party room, and one of the best rooftop sun decks in the city.
The Lancaster has long been one of the strongest-performing buildings in Lakeshore East — and these two sales confirm that trend is accelerating.
Curious What Your Unit Is Worth Right Now?
I’ve sold more units in Lakeshore East than any other agent. I know the building, I know the tiers, and I know how to position your specific unit to get the best result. If you’re thinking about selling — or just want to know where you stand — I’m happy to pull your building-level comps and have an honest conversation.
No pressure. No generic market report. Just real numbers from someone who lives and works in this neighborhood every day.
Ginger Menne
Baird & Warner
(312) 927-0852 · [email protected]
www.neweastsideliving.com
