Sotheby’s International Realty Chicago Represents Seller And Buyer In $3.1M Sale Of Condo At 401 N. Wabash, Chicago
401 N Wabash Ave, Chicago, IL, USA
$3,100,000
$885/SF
Building Size
3,500 SF
Asset Type
—
Closing
Aug 30, 2021
About this deal
AI
The highest price sale in over 2 years at 401 N. Wabash Ave, Unit 34A, Chicago has been recorded. The transaction took place on 08/30/2021, with the property being a 3,500 square foot condo.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,100,000
- Address: 401 N. Wabash Ave, Unit 34A, Chicago
- Market: Chicago
Kelly Angelopoulos from Sotheby’s International Realty Chicago represented the seller, while Ivan Madera from Jameson Sotheby’s International Realty Chicago represented the buyer in this notable sale. The property was listed for an asking price of $3,650,000 and ultimately sold for $3,100,000, resulting in a price per square foot of $886.
On the Map
$3,100,000
$885/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93