Sotheby’s International Realty Chicago Represents Seller And Buyer In $3.1M Sale Of Condo At 401 N. Wabash, Chicago
SOLD
$3,100,000
Illinois
See Similar Deals3,500 SF
Sold 08/30/2021
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
See Similar Deals3,500 SF
Sold 08/30/2021
Summary
ILLINOIS
Price Per Square Foot:$885
Total Square Footage:3,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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