James Gearen's Condo At 2550 North Lakeview In Chicago Under Contract For $6.75M
2550 North Lakeview Avenue, Chicago, Illinois 60614, United States
$6,750,000
$2,374/SF
Building Size
2,843 SF
Asset Type
—
Closing
Feb 3, 2022
About this deal
AI
An under contract condo located at 2550 North Lakeview in Chicago is currently on the market. The property spans 4,250 square feet, with a price per square foot of $1,588, resulting in a total price of approximately $6,750,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,750,000 (Approx.)
- Square Footage: 4,250
- Address: 2550 North Lakeview, Chicago
James Gearen, the seller, is representing Gearen Holdings in this transaction. The broker handling the deal is Doug Smith from Properties.
The commercial sale at 2550 North Lakeview Avenue, Chicago, Illinois 60614, United States in Chicago, Illinois sold for $6.8M in 2022. The building is 2,843 square feet, implying about 2.4K per square foot on the published price. Doug Smith, Carrie McCormick, At Properties Commercial appear on the sale alongside At Properties Commercial. This page is the Chicago, Illinois file for the 2550 North Lakeview Avenue, Chicago, Illinois 60614, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 2550 North Lakeview Avenue, Chicago, Illinois 60614, United States around 2022. Published consideration for 2550 North Lakeview Avenue, Chicago, Illinois 60614, United States is $6.8M, dated 2022. Cite this James Gearen's Condo At 2550 North Lakeview In Chicago Under Contract For $6.75M sale when underwriting similar commercial product around Chicago, Illinois.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93