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Jonathan Toews Sells Lincoln Park Penthouse For $4.5 Million With Brokers Millie Rosenbloom And Brian Pistorius
SOLD
$4,500,000
Illinois
See Similar DealsCondo4,406 SF
Sold 12/19/2024
SOLD
Jonathan Toews Sells Lincoln Park Penthouse For $4.5 Million With Brokers Millie Rosenbloom And Brian Pistorius
2035 North Orleans Street
See Similar DealsCondo4,406 SF
Sold 12/19/2024
Summary
ILLINOIS
Asset Type:Condo
Price Per Square Foot:$1,021
Total Square Footage:4,406 SF
Transaction Type:Sale
The property involved in this transaction is a penthouse condo located at 2035 North Orleans Street Ph-W in Chicago. The asset comprises a total of 4,406 square feet and was sold for $4,500,000, which reflects a price per square foot of $1,021. The condo was initially listed for $4,700,000 in July before the sale was finalized.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Sale Date: 12/19/2024
- Seller: Jonathan Toews
- Buyer's Representative: Brian Pistorius - Compass
- Seller's Representative: Millie Rosenbloom - Baird & Warner
- Market: Chicago
- Square Footage: 4,406
- Price per Square Foot: $1,021
Jonathan Toews, the former captain of the Chicago Blackhawks, was the seller of the condo. He acquired the penthouse in 2019 for $3,550,000 through a Winnipeg-based land trust. The condo was on the market for several months before a buyer was secured in October.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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