Updated May 12, 2025
Luxury Living Chicago Realty Acquires Condo In River North, Chicago For $3.1M
435 N Michigan Ave Unit 503
$3,115,000
Building Size
—
Asset Type
—
Closing
Sep 7, 2022
About this deal
AI
The asset involved in this transaction is a condo located at 435 N Michigan Ave Unit 503 in the River North market of Chicago. The sale price of the property was $3,115,000. The condo has a total square footage of 3,249, which results in a price per square foot of $959.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $3,115,000
- Square Footage: 3,249
- Price per Square Foot: $959
- Broker: Lynn Kummerer - Luxury Living Chicago Realty
- Developers: CIM Group & Golub & Company
Lynn Kummerer represented the buyer in this transaction, facilitating the deal under the brokerage of Luxury Living Chicago Realty. CIM Group and Golub & Company were the developers associated with the property.
Players
San Miguel CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.09%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93