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900 North Michigan Avenue, ...

Updated Oct 28, 2024

Denise Stefan And John Ginascol Of Abbott Laboratories Acquire Condo On 900 North Michigan Avenue In Chicago For $4.1M
SOLD

Denise Stefan And John Ginascol Of Abbott Laboratories Acquire Condo On 900 North Michigan Avenue In Chicago For $4.1M

900 North Michigan Avenue, Chicago, Illinois 60611, United States

$4,100,000

Building Size

Asset Type

Closing

May 9, 2022

About this deal

AI

A luxury condo located at 900 North Michigan Avenue in Chicago has recently been sold for a record-breaking price of $4,100,000. The property, known for its exquisite design and prime location, offers a sophisticated and comfortable living space. With a market value that reflects the exclusivity of the neighborhood, this condo is truly a remarkable investment.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $4,100,000
  • Date: 05/10/2022
  • Address: 900 North Michigan Avenue
  • Market: Chicago
  • Buyer: Denise Stefan; John Ginascol - Abbott Laboratories

Denise Stefan and John Ginascol, representing Abbott Laboratories, collaborated on this significant purchase. Their keen eye for valuable investments led them to acquire this exceptional condo, which presents an excellent opportunity for both residential living and potential future returns. The successful deal highlights the expertise and strategic decision-making of the buyer's representatives in this transaction.

Players

Chicago CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

Denise Stefan And John Ginascol Of Abbott Laboratories bought a home in Chicago for $4.1M in 2022. The full closing is on this page.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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