25 January, 2013 00:36

Multimillion-dollar garage for sale (oh, with a penthouse too)

By Jennifer Karmon | Spaces – Fri, Jan 18, 2013 8:02 PM EST


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Click any photo to go to the property listing and see more photos.We’re no strangers to lavish home amenities at Yahoo! Homes. We’ve published moats, slides,magnificently deranged man caves and real-life spy lairs.

But we’re pretty sure this is the first garage so extravagant that the owner’s asking price frankly values the auto space more than the living space. Almost twice as much as the home itself, in fact.

We first spotted the headline from our partners at Curbed: "Sky-High Apartment Comes With a Subterranean Ferrari Garage." Although the2,537-square-foot Chicago condo is listed at $3.4 million (including garage), turns out you can buy the garage alone.

For a cool $2.1 million.

So really, it’s more like "Subterranean Ferrari garage comes with sky-high apartment" — which is almost exactly how the listing agent bills it on her agency’s website. ("In addition to the spectacular garage, the property comes with a 2,537-square-foot penthouse condominium.")

What kind of a garage is this? Well you might ask! According to its standalone listing on Yahoo! Homes, "12 garage spaces have been thoughtfully converted to a luxury showroom and entertaining space for the most discriminating buyer. With separate heat, AC, air handling & security, this 2,714-square-foot space is a collector’s dream come true."

It’s owned by vintage-car collector and racer Michael Leventhal, who told Crain’s Chicago Business in 2005:

"The building was developed by a friend, and I was able to accumulate 14 spaces. We enclosed 12 of them and built my fantasy garage. It’s so special I go there and have coffee in the morning. At the end of the day, when I’m all beat up, Kathy and I have a glass of wine there. We have parties there."

The photos are regrettably low-resolution, but they give you a sense of the Ferrari-red opulence of it all; click on any of them to go to the listing for more photos:

We’ll update with higher-res photos if we get them.

Phone: (07) 3263 6085

Fax: (07) 3263 5985

Mob: 0400 833 800

Mob2: 0409 995 578




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About http://www.ljgrealestate.com.au

Previous Board Member of Singapore & Malaysian Business Associations, BA Modern Asian Studies (GU) majoring in Economics & Mandarin, Licensed Real Estate Agent since 1996. Member of REIQ. Firm Member of Leading Property Managers of Australia. Our expertise at LJ Gilland Real Estate is your peace of mind. Our reputation lies in high performance property sales, and we take great pride in our excellence in property and asset management as well as body corporate management. We find individual solutions to fit our Clients needs. Being property specific rather than area specific because confining ourselves to one area simply wouldn't be giving you what you need. Specialties International Business negotiations, bilingual, Appraising Queensland Based Properties, Contractual negotiations, Dedicated to Family & Business, hardworking & focused to get the best outcomes for each and every Client.
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