SOLD
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
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.
Players
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93