An-An Ku Acquires Condo On 1300 N Lake Shore Drive, Chicago For $1.93M
1300 North Lake Shore Drive, Chicago, IL 60610
$1,935,000
$523/SF
Building Size
3,700 SF
Asset Type
—
Closing
Aug 6, 2020
About this deal
AI
The condo located at 1300 N Lake Shore Drive in Gold Coast, Chicago has been sold. The property spans an impressive 3,700 square feet and is situated in a highly desirable location. The asking price for this condo was $2,100,000, and it was eventually sold for $1,935,000, resulting in a price per square foot of $523.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,935,000
- Address: 1300 N Lake Shore Drive, Gold Coast, Chicago
- Square Footage: 3,700 sqft
- Asking Price: $2,100,000
- Sale Price: $1,935,000
- Price Per Square Foot: $523
An-An Ku and Vikas Wadhwa were the brokers involved in this transaction. An-An Ku represented both the buyer and the seller, while Vikas Wadhwa served as the seller's representative. If you are interested in contacting An-An Ku, you can reach out to them at +1 (630) 715-7392 or [email protected]. For more information about Gold Coast condos, you can visit their website at https://www.goldcoastcondos.com/.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $523 per square foot on a published $1.9M for 3,700 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.20%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93