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363 East Wacker Drive, Chic...

Magallen Development Sells Condo In Lakeshore East, Chicago For $1.889M With Broker Deanna Barakat
SOLD

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

Leila Zammatta

Broker

$43.5M

vol

5 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

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

8.40%

Cash-on-Cash

-2.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93