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401 N Wabash Ave, Chicago, ...

Sotheby’s International Realty Chicago Represents Seller And Buyer In $3.1M Sale Of Condo At 401 N. Wabash, Chicago
SOLD

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

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.

Players

Kelly Angelopoulos

Sotheby's International Realty

Broker

$5.6M

vol

2 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage

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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93