Beth & Bruce W. White Sell $11.25M Condo On 840 N. Lake Shore Drive, Chicago
840 North Lake Shore Drive, Chicago, Illinois 60611, United States
$11,250,000
$1,278/SF
Building Size
8,800 SF
Asset Type
—
Closing
Jun 30, 2021
About this deal
AI
The property involved in this sale is an 8,800 square foot condo located at 840 N. Lake Shore Drive in Chicago. The transaction took place on 07/01/2021, and the condo was sold for a price of $11,250,000, resulting in a price per square foot of $1,278.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,250,000
- Address: 840 N. Lake Shore Drive
- Market: Chicago
The sellers of the condo were Beth & Bruce W. White. Representing the sellers in this transaction was Tim Salm from Jameson Sotheby's International Realty.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93