Compass Represents Buyer In $1.15M Sale Of Chicago Condo
2305 North Commonwealth Avenue, Chicago, IL 60614
$1,150,000
$319/SF
Building Size
3,600 SF
Asset Type
—
Closing
Jun 1, 2020
AI
The condominium located at 2305 N Commonwealth Ave Unit 3N in Chicago has been sold in a recent transaction. The property offers 3,600 square feet of space and is priced at $1,150,000, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,150,000
- Address: 2305 N Commonwealth Ave Unit 3N, Chicago
- Market: Chicago
The seller of the property was Jonathan D. Solomon. Representing the buyer in this transaction was Joanne Nemerovski from Compass. Nicholas Apostal from Keller Williams ONEChicago acted as the seller's representative.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93