Richard And Michaela Parrillo Purchase Gold Coast Condo From Christian Zann And Amy Everard For $6.5M
1300 North State Parkway
$6,500,000
$955/SF
Building Size
6,800 SF
Asset Type
Condo
Closing
Aug 25, 2025
AI
A two-story condo located at 1300 North State Parkway in the Chicago Gold Coast market has been sold. The property spans 6,800 square feet and was transacted for $6.5 million. The price translates to approximately $956 per square foot. This condo was sold under a land trust.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Square Footage: 6,800
- Price Per Square Foot: $956
- Buyer: Richard Parrillo & Michaela Parrillo
- Seller: Christian Zann & Amy Everard
- Brokers: Timothy Salm & Rachel Krueger - Jameson Sotheby's International Realty
Richard and Michaela Parrillo acquired this condo in July 2025, following the sale of their previous Lincoln Park mansion for $15.25 million, which was significantly lower than its original $50 million asking price.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93