John Buck Sells Gold Coast Co-Op At 199 East Lake Shore Dr. For $4.9M
199 East Lake Shore Drive
$4,900,000
$510/SF
Building Size
9,600 SF
Asset Type
Co-Op
Closing
Mar 18, 2024
AI
The property at 199 East Lakeshore Drive in Chicago was sold for $4.9 million. This Co-Op asset spans 9,600 square feet and features scenic views, bay windows, ornamental plaster ceilings, and terraces facing north and south.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $4,900,000
- Address: 199 East Lake Shore Drive
- Market: Chicago
- Seller: Kathleen Buck; John Buck - The John Buck Company
- Broker: Michael Rosenblum - Berkshire Hathaway HomeServices Chicago
- SF: 9,600
- PPSF: $510
John Buck, linked to The John Buck Company, sold his residence at a significant price drop from the initial $11.5 million asking price. The property, originally designed by Benjamin Marshall in 1913, has a history and charm that adds to its appeal in the downtown Chicago residential market.
Chicago Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93