Magallen Development Sells Condo In Lakeshore East, Chicago For $1.889M With Broker Deanna Barakat
363 East Wacker Drive, Chicago, Illinois 60601, United States
$1,889,000
$188/SF
Building Size
10,000 SF
Asset Type
—
Closing
May 15, 2022
AI
The Lakeshore East neighborhood in Chicago recently saw the sale of a condominium located at 363 E Wacker Dr. The condo, developed by Magallen Development, was sold for a transaction amount of $1,889,000. The property spans 2,210 square feet, resulting in a price per square foot of $855. This transaction took place on May 16, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,889,000
- Square Footage: 2,210
- Price Per Square Foot: $855
- Address: 363 E Wacker Dr
- Market: Lakeshore East, Chicago
The sale of this condo was facilitated by Deanna Barakat from Berkshire Hathaway HomeServices Greater Chicago. As the representative of Magallen Development, Deanna Barakat played a vital role in ensuring a successful transaction. With their expertise, they were able to secure a favorable deal for both the seller and the buyer.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.40%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93