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2643 North Hermitage Avenue...

Luxury Living Chicago Realty Sells Lincoln Park Condo For $2.85M
SOLD

Luxury Living Chicago Realty Sells Lincoln Park Condo For $2.85M

2643 North Hermitage Avenue, Chicago, Illinois 60614, United States

$2,850,000

$548/SF

Building Size

5,200 SF

Asset Type

Closing

Feb 17, 2022

AI

The recently closed property transaction in Lincoln Park involved a condominium located at 2643 N Hermitage Ave PH2. This condo, with a total area of 5,200 square feet, was sold for a price of $2,850,000. The unit is situated in a vibrant neighborhood, offering a prime location for residents.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,850,000
  • Address: 2643 N Hermitage Ave PH2
  • Market: Lincoln Park

The transaction was facilitated by Aaron Galvin and Sam Kahn, representatives from the Luxury Living Chicago Realty agency. These experienced brokers played a crucial role in ensuring the successful completion of the sale.

The property, boasting a spacious area of 5,200 square feet, offers a comfortable and inviting living space for its new owner. With a sale price of $2,850,000, this condo in Lincoln Park presents a remarkable opportunity for future residents.

Players

Sam Kahn

Broker

$8.6M

vol

3 deals

Broker

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93