Full-Floor Condo In Chicago's Palmolive Building Sold For $5.15M With Jill Silverstein As The Broker
159 East Walton Place
$5,150,000
Building Size
—
Asset Type
Condo
Closing
Feb 25, 2025
AI
A full-floor condo located on the 23rd floor of Chicago’s Palmolive Building sold for $5.15 million. This transaction highlights a notable change in the asset's value, as the previous sales were recorded at $5.8 million in 2006 and $6.25 million in 2018. It stands out as one of the year's highest-priced residential sales within the Chicago luxury market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,150,000
- Address: 159 East Walton Place
- Market: Chicago
- Broker: Jill Silverstein - Compass
This transaction reflects the involvement of Jill Silverstein from Compass, representing the interests of the seller in this significant residential sale. The deal further serves to illustrate the strengthening luxury market, particularly in downtown Chicago, where condos have been leading the city's high-value transactions.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93