This multimillion dollar Red Ferrari garage is valued greater than the Chicago Lake Shore Drive high rise apartment the garage is being sold with! Shocker! The seller is asking $3.4 million for the apartment and garage or a mere $2.1 million if a big spender only wants to snag the spacious subterranean garage. The garage is a 2,700 square foot man cave featuring red floors, red Italian leather sofas and seating plus a full bar decorated in auto racing motif. This is one of the largest collections of car porn aside from famous car enthusiast, Jay Leno. And, no, the real estate price doesn’t include the twenty sport cars including Red Ferraris, Porsches or the Austin Healy. It will be interesting to see if this property sells in entirety or if only the one bedroom apartment sells. The likelihood of finding a buyer for the underground garage as a solo real estate purchase in Chicago’s urban lakeside does not seem promising.
The luxurious 67th floor penthouse apartment boasts stellar views of Lake Michigan and the Chicago skyline which along with the car collector garage make this a truly unique piece of Chicago real estate for the “right” buyer. Typically, showroom style garages are custom designed for auto aficionados on large estate properties and are not practical for urban dwellings without the space for a private garage. The owner of this unusual luxe property is a car collector and also a former race car driver who still dabbles in road rallies. The collection of twenty European sports cars, many valued at over a million dollars each, are showcased as if they are in a renowned auto museum. Even the wealthy real estate owner and car connoisseur stated in an interview for ChicagoBusiness.com that the sports cars he collects are “rolling works of art”.