A Higher Perspective at the Hancock: Unit 4723 at 175 East Delaware Place

by Craig Hogan & Rudy Zavala

Unit 4723 | 175 East Delaware Place

Word Count: ~950–1,050 • Read Time: 4–5 minutes

There are buildings in Chicago that don’t need an introduction. The Hancock is one of them. It’s been part of the skyline and part of how people experience the city for decades. It’s stayed relevant through every cycle—not by changing, but by holding its ground. Markets change, buildings come and go, but this one stays in the conversation.

Unit 4723 is a good reminder of why.

Living room with panoramic Lake Michigan and Navy Pier views from Hancock Tower Unit 4723 Chicago

At this height, the perspective is different. You’re not just looking out—you’re taking in two sides of Chicago at once. Lake Michigan stretches clean and uninterrupted, with Navy Pier just to the south. Turn your focus slightly, and the architecture takes over. Layered, structured, unmistakably Chicago. It’s that balance—water and skyline—that makes this vantage point work. It’s the kind of view that resets your day without asking for your attention.

What sets this residence apart, though, isn’t just the view. It’s the work behind it.

Redesigned Kitchen Space Unit 4723 at The Hancock

Pat Hagerty, a highly regarded Chicago contractor known for high-end high-rise renovations and older homes, led the work here—and it shows in how the project was approached.

It didn’t start with finishes. It started with the structure of the space itself. The ceiling was opened first, which immediately changed how the home lives. There’s more volume, more light, more presence the moment you walk in. From there, the work moved deeper than most renovations ever go.

The work you don’t see is usually the part that matters most.

New HVAC systems. New piping. And the complete removal of older elements, handled the right way, which matters more than most people realize. It’s not the part of a renovation that gets talked about, but it’s the part that determines how a home performs over time. Once that was addressed, the rest of the work fell into place.

Marble flooring runs throughout. The kitchen was opened and centered around a large island that actually functions. Bosch appliances, a wine refrigerator, power blinds—everything chosen with some restraint. White walls keep the focus where it belongs.

Storage was built in where needed. Pocket doors where they make sense. Closets that feel considered, not added on later. And then there’s something you don’t always find in this building. No diagonals.

We’ve spent years in and around this building. Not every residence comes together this way.

This one does.

Bedroom Image unit 4723 at Hancock Tower

That alone changes the experience of the space. It opens the sightlines, allows the views to come through cleanly, and makes the layout far easier to live in day to day. Add in 9’1” ceilings and the sky terrace, and you have a residence that feels more current than most would expect here. The floor plan supports all of it. Just over 1,500 square feet, two bedrooms, two baths, and a living space that doesn’t require explanation.

What’s interesting right now is how buyers are looking at properties like this. It’s no longer just about the unit. It’s the building. The reserves. The way it’s run. Whether it’s going to hold up—not just visually, but financially and operationally.

And that’s where the Hancock continues to make sense. It’s been through cycles. It’s been tested. There’s a level of predictability here that a lot of newer buildings haven’t earned yet.

That matters, especially for the range of people who end up here. Some live here full-time. This is home, day in and day out. Others use it differently. A place in Chicago. A return point. Something that connects them to the city without requiring constant attention. Both approaches work here.

Part of that is the location—Streeterville, right at the edge of the Gold Coast, with River North a short walk away. We tend to call it the Trifecta, but the reality is the lines between those neighborhoods don’t carry much weight anymore. Everything overlaps. Everything connects. You feel that immediately when you step outside.

We represented the buyers on this purchase—a relocating couple starting their next chapter in Chicago. They had options. A lot of them. Newer buildings, different neighborhoods, a wide range of price points.

What they kept coming back to was the value here not just in the finishes, but in what had already been done—the infrastructure, the layout, the building itself. They worked through it carefully. Looked at everything.

And in the end, this was the clear choice.

Redesigned Bathroom Space at Hancock Tower unit 4723

For someone thinking about selling, that combination still holds. A building people recognize, a location that doesn’t need explanation, and a renovation that was done beyond the surface level.

For a buyer, it’s a different kind of decision. In a market where there’s a lot of inventory that looks good at first glance but requires work—or comes with questions—this is more straightforward. The heavy lifting has been done. The building is established. The location continues to deliver.

And in this market, that’s doing more of the heavy lifting than most realize.