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Katherine Malkin Of Compass Represents Buyer In $5.5M Sale Of Chicago Condo
SOLD
$5,500,000
Illinois
See Similar DealsCondo5,500 SF
Sold
SOLD
Katherine Malkin Of Compass Represents Buyer In $5.5M Sale Of Chicago Condo
159 East Walton Place
See Similar DealsCondo5,500 SF
Sold
Summary
ILLINOIS
Asset Type:Condo
Price Per Square Foot:$1000
Total Square Footage:5500 SF
Transaction Type:Sale
A full-floor condo located at 159 East Walton Place in Chicago has sold for $5,500,000. The condo comprises approximately 5,500 square feet, resulting in a price per square foot of $1,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,500,000
- Square Footage: 5,500
- Price per Square Foot: $1,000
- Address: 159 East Walton Place, Chicago
- Buyer's Representative: Katherine Malkin - Compass
- Seller's Representative: Ken Jungwirth - Christie’s International Real Estate
This transaction involved a condo previously owned by David Herro, who had listed the unit as high as $10.9 million in 2020 and experienced price reductions over time, indicating a decline in value from prior ownership.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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