Wesley McDowell Acquires Andersonville Condo From Anthony Vaccaro In $1M Sale
5820 North Clark Street, Chicago, Illinois 60660, United States
$1,000,000
$373/SF
Building Size
2,679 SF
Asset Type
—
Closing
Jun 27, 2022
About this deal
AI
A million dollar condo sale has been recorded in Andersonville, Chicago's market. The property, located at 5820 N Clark St, is a condo with a total square footage of 2,679. The asset was sold for $1,000,000, slightly below the original asking price of $1,052,000. The sale price translates to a price per square foot of $373. This transaction marks Andersonville's first million dollar condo sale.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,000,000
- Address: 5820 N Clark St
- Market: Andersonville, Chicago
- Buyer: Wesley McDowell
- Seller: Anthony Vaccaro
- Broker: John Charmelo - roperties & Susan Kukla - C21 Affiliated
The buyer, Wesley McDowell, and the seller, Anthony Vaccaro, negotiated this deal with the assistance of their respective brokers, John Charmelo and Susan Kukla. The property's unique features and location in the desirable Andersonville market contributed to the successful sale. This transaction highlights the strong demand for high-value condos in the Andersonville area.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $373 per square foot on a published $1M for 2,679 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93