Alex Belan Purchases Condo At 1455 West Melrose Street From Ronan Construction Inc For $1,621,586
1455 West Melrose Street
$1,621,586
$705/SF
Building Size
2,300 SF
Asset Type
Condo
Closing
Jun 29, 2026
About this deal
AI
The property involved in the transaction is a condo located at 1455 West Melrose Street in Chicago. It was sold for a price of $1,621,586 and features a living space of 2,300 square feet, resulting in a price per square foot of $705.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,621,586
- Square Footage: 2,300
- Price Per Square Foot: $705
- Buyer: Alex Belan
- Seller: Ronan Construction Inc
- Buyer's Representative: Vikas Wadhwa
- Seller's Representative: Sam Jenkins - Sotheby's International Realty
- Date of Sale: 06/29/2026
Name Vikas Wadhwa represents the buyer, Alex Belan, while Sam Jenkins from Sotheby's International Realty represents Ronan Construction Inc, the seller, in this transaction.
On the Map
$1,621,586
$705/SF
Condo
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Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $705 per square foot on a published $1.6M for 2,300 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.78%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93