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159 East Walton Place

Full-Floor Condo In Chicago's Palmolive Building Sold For $5.15M With Jill Silverstein As The Broker
SOLDCondo

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

Jill Silverstein

Compass

Broker

$12.6M

vol

4 deals

Broker

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