Gerald Fogelson Sells Condo On 950 N Michigan Ave In Chicago For $2.85M
950 N Michigan Ave, Chicago, IL, USA
$2,850,000
$593/SF
Building Size
4,800 SF
Asset Type
—
Closing
Mar 2, 2021
About this deal
AI
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.
The commercial sale at 950 N Michigan Ave, Chicago, IL, USA in Chicago, Illinois sold for $2.9M in 2021. The building is 4,800 square feet, implying about 593 per square foot on the published price. Millie Rosenbloom, Robert Shearer, Baird & Warner appear on the sale alongside Baird & Warner. This page is the Chicago, Illinois file for the 950 N Michigan Ave, Chicago, IL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 950 N Michigan Ave, Chicago, IL, USA around 2021. Published consideration for 950 N Michigan Ave, Chicago, IL, USA is $2.9M, dated 2021. Cite this Gerald Fogelson Sells Condo On 950 N Michigan Ave In Chicago For $2.85M sale when underwriting similar commercial product around Chicago, Illinois.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $593 per square foot on a published $2.9M for 4,800 square feet (2021).
Visit Millie Rosenbloom to view all their deals.
Browse Illinois sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93