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505 W Menomonee St, Chicago...

Eliana De Marco Purchases Lincoln Park Townhouse For $1.95M
SOLDCo-Op

Eliana De Marco Purchases Lincoln Park Townhouse For $1.95M

505 W Menomonee St, Chicago, IL 60614, USA

$1,950,000

$487/SF

Building Size

4,000 SF

Asset Type

Co-Op

Closing

Nov 8, 2022

AI

A townhouse located at 505 W Menomonee St in Lincoln Park, Chicago has been sold for a price of $1,950,000. The property spans 4,000 square feet and was sold for an average price of $488 per square foot. The transaction took place on November 8, 2022.

Summary of transaction details

  • Property Type: Townhouse
  • Transaction Amount: $1,950,000
  • Square Footage: 4,000
  • Price per Square Foot: $488
  • Address: 505 W Menomonee St, Lincoln Park, Chicago
  • Market: Lincoln Park, Chicago

The buyer of the townhouse was Eliana De Marco, while the seller was Mike Wright. The transaction was facilitated by broker Jill Scott from The Scott Group at Compass.

Players

Eliana De Marco

Buyer

$3.9M

vol

2 deals

Buyer

Mike Wright

Seller

$55.4M

vol

3 deals

Seller

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93