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9 West Walton Street, Chica...

Walton Street 3400 Acquires Condo On 9 W Walton Street In Chicago For $17.4M
SOLD

Walton Street 3400 Acquires Condo On 9 W Walton Street In Chicago For $17.4M

9 West Walton Street, Chicago, Illinois 60610, United States

$17,400,000

$62/SF

Building Size

278,000 SF

Asset Type

Closing

Apr 18, 2022

AI

A condo located at 9 W Walton Street in Chicago has been sold for $17,400,000. The transaction took place on April 19, 2022. The property, represented by Karen Meehan of Gould and Ratner, was purchased by Walton Street 3400. The seller, Axel 2018, was represented by Paul Greenwalt. Jonathan Romnick of GEM Capital Realty acted as the seller's representative during the deal.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,400,000
  • Image: Karen Meehan
  • Date: 04/19/2022
  • Address: 9 W Walton Street
  • Market: Chicago

This sale represents a significant transaction in the Chicago real estate market. The involvement of reputable representatives from Gould and Ratner, as well as GEM Capital Realty, highlights the expertise and professionalism present in the deal. The sale of this condo is a testament to the value and desirability of properties in the Chicago area.

Players

Karen Meehan

Broker

$17.4M

vol

1 deal

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93