JDL Development Sells Chicago Condo On West Superior Street For $5.6M
SOLD
$5,600,000
Illinois
See Similar DealsCondo3,218 SF
Sold 02/12/2022
SOLD
JDL Development Sells Chicago Condo On West Superior Street For $5.6M
14 West Superior Street
See Similar DealsCondo3,218 SF
Sold 02/12/2022
Summary
ILLINOIS
Asset Type:Condo
Price Per Square Foot:$1,740
Total Square Footage:3,218 SF
Transaction Type:Sale
The recently closed property transaction in Chicago involved the sale of a condominium located at 14 West Superior Street. The condo was sold by JDL Development, a real estate development company. The transaction was facilitated by Nancy Tassone and David Mahoney from Jameson Sotheby’s International Realty. The sale price for the condo was $5,600,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,600,000
- Address: 14 West Superior Street
- Market: Chicago
- Square Footage: 3,600 SF
- Price Per Square Foot: $1,556
The condo located at 14 West Superior Street in Chicago was sold by JDL Development for a total of $5,600,000. Nancy Tassone and David Mahoney from Jameson Sotheby’s International Realty represented the sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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