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
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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