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64 E Elm St, Near North Sid...

Updated Dec 19, 2023

Compass Chicago Represents Sale Of Condo At 64 E Elm St, Gold Coast, Chicago For $1.9M
SOLD

Compass Chicago Represents Sale Of Condo At 64 E Elm St, Gold Coast, Chicago For $1.9M

64 E Elm St, Near North Side, Chicago, IL, USA

$1,925,000

$562/SF

Building Size

3,425 SF

Asset Type

Closing

Oct 8, 2021

About this deal

AI

The recently sold condo at 64 E Elm St, Gold Coast, Chicago, has seen a successful transaction. The property, spanning 3,425 square feet, was sold for $1,925,000 at a price per square foot of $562. The deal was facilitated by Sonu Sahni from Compass Chicago, who represented the buyer, and Tony Giusti, also from Compass Chicago, who represented the seller.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,925,000
  • Address: 64 E Elm St, Gold Coast, Chicago
  • Square Footage: 3,425
  • Price per Square Foot: $562
  • Buyer's Representative: Sonu Sahni - Compass Chicago
  • Seller's Representative: Tony Giusti - Compass Chicago

The successful sale of this Gold Coast condo was made possible by the efforts of Sonu Sahni, representing the buyer, and Tony Giusti, representing the seller. Both individuals, affiliated with Compass Chicago, played instrumental roles in the transaction. Their expertise and negotiation skills ensured a smooth closing process for the buyer and seller involved.

Players

Sonu Sahni

Compass

Broker

$1.9M

vol

1 deal

Broker

Chicago CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $562 per square foot on a published $1.9M for 3,425 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.24%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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