Lourdes Hernandez Of Coldwell Banker Represents Buyer In $1,290,000 South Loop Condo Sale
234 West Polk Street
$1,290,000
$777/SF
Building Size
1,659 SF
Asset Type
Condo
Closing
Aug 17, 2026
AI
The property involved in this transaction is a condo located at 234 West Polk Street in Chicago. The sale price for the asset was $1,290,000, with a total square footage of 1,659 and a price per square foot of $777.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,290,000
- Square Footage: 1,659
- Price Per Square Foot: $777
- Address: 234 West Polk Street
- Market: Chicago
- Buyer's Representative: Lourdes Hernandez - Coldwell Banker
- Seller's Representative: Bradley Brondyke - Sotheby's International Realty
Lourdes Hernandez represented the buyer in this transaction, while Bradley Brondyke represented the seller. The transaction showcases a deal within The Reed at Southbank, a notable 41-story luxury residential tower positioned along the Chicago River, enhancing the downtown residential scene.
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
12.30%
Cash-on-Cash
-3.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93