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.
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