Gerald Fogelson Sells Condo On 950 N Michigan Ave In Chicago For $2.85M
SOLD
$2,850,000
Illinois
See Similar Deals4,800 SF
Sold 03/03/2021
SOLD
Gerald Fogelson Sells Condo On 950 N Michigan Ave In Chicago For $2.85M
950 N Michigan Ave, Chicago, IL, USA
See Similar Deals4,800 SF
Sold 03/03/2021
Summary
ILLINOIS
Price Per Square Foot:$593
Total Square Footage:4,800 SF
Transaction Type:Sale
The property involved in this closed transaction is a Condo located at 950 N Michigan Ave, Chicago. The transaction took place on 03/03/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,850,000
- Address: 950 N Michigan Ave, Chicago
- Size: 4,800 square feet
- Price per square foot: $594
The seller of this Condo was Gerald Fogelson. The brokers involved in the deal were Millie Rosenbloom and Robert Shearer from Baird & Warner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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