Art dealer-collector selling Gold Coast condo

Medium 8611765095f22bd8107ad1c1c1d4be75 Stephen A. Solovy has listed for sale a one-bedroom, 1.5 bath condo at 950 North Michigan Avenue in Gold Coast for $695,000.

Marie Campbell of Koenig & Strey GMAC Real Estate is the listing agent.

Mr. Solovy bought Unit #5101 for $500,000. The 1,560-square-foot unit is in One Magnificent Mile, a mixed-used high-rise tower located along the northern end of Michigan Avenue at Chicago's Magnificent Mile area.

Solovy, a Chicago art dealer, collector, and advocate for contemporary art, is the owner of Stephen Solovy Fine Arts, an art gallery in Chicago.

He is also the founder of the Stephen Solovy Art Foundation dedicated to supporting young emerging artists.

One Magnificent Mile, which was built in 1983, is 57 floors high.

There were 601 condo sales in Gold Coast in 2008, with a median sales price of $374,000.

Address: 950 North Michigan Avenue
Buyer(s): Stephen A Solovy
Seller(s): La Salle Bank (Trustee)
Sale date: Aug. 1, 2000