The property involved is a condo located at 1500 North Lake Shore Drive Ph in Chicago, featuring a total area of 8,000 square feet. The condo was sold for $7,700,000, reflecting a price per square foot of $963. This sale represents the second-highest home sale in Chicago for the year.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $7,700,000
• Sale Date: 08/19/2024
• Buyer’s Representative: Colette Cachey Smithburg & Joelle Cachey Hayes properties Christie's International Real Estate
• Seller’s Representative: Timothy Salm - Jameson Sotheby's International Realty
• Market: Chicago
• Square Footage: 8,000
• Price Per Square Foot: $963

The sale was facilitated by Colette Cachey Smithburg and Joelle Cachey Hayes, who represented the buyer, while Timothy Salm acted as the seller's representative. The property was sold at a 45% discount from its 2020 asking price.