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451 East Grand Avenue, Chic...

Grigory Pekarsky Of Vesta Preferred Realty Sells Condo In Streeterville, Chicago For $2,965,000
SOLD

Grigory Pekarsky Of Vesta Preferred Realty Sells Condo In Streeterville, Chicago For $2,965,000

451 East Grand Avenue, Chicago, Illinois 60611, United States

$2,965,000

$823/SF

Building Size

3,600 SF

Asset Type

Closing

Mar 6, 2022

AI

A condo located at 451 E Grand Ave, 4701 in Streeterville, Chicago has been sold in a recent transaction. The sale was facilitated by broker Grigory Pekarsky from Vesta Preferred Realty. The property offers 3,080 square feet of living space and is situated in the vibrant market of Streeterville.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $2,965,000
  • Address: 451 E Grand Ave, 4701
  • Market: Streeterville, Chicago

The condo was listed with an asking price of $3,150,000. The final sale price reached $2,965,000, indicating a successful negotiation. With a price per square foot of $963, the property offers a desirable investment opportunity. Grigory Pekarsky, representing Vesta Preferred Realty, played a pivotal role in facilitating this transaction.

Players

Timothy Salm

Sotheby's International Realty

Broker

$128.8M

vol

18 deals

Broker

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

5.35%

Cash-on-Cash

-1.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93