Chicago Condo At 2550 North Lakeview Avenue Sold For $5.8M With Buyer's Rep Suzanne Gigilliat & Seller's Rep Tim Salm
2550 North Lakeview Avenue, Chicago, Illinois 60614, United States
$5,800,000
$1,450,000/SF
Building Size
4 SF
Asset Type
Condo
Closing
Nov 11, 2022
About this deal
AI
The condo located at 2550 North Lakeview Avenue in Chicago has been sold for a price of $5,800,000. The transaction took place on 11/11/2022. This spacious property spans across approximately 4,700 square feet. The price per square foot amounts to $1,234, showcasing the value of this desirable asset.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,800,000
- Date: 11/11/2022
- Address: 2550 North Lakeview Avenue
- Market: Chicago
- Square footage: 4,700
- Price per square foot: $1,234
The buyer was represented by Suzanne Gignilliat from @properties Christie’s International Real Estate, while the seller received representation from Tim Salm of Sotheby’s International Realty. Both parties played crucial roles in facilitating this successful transaction.
On the Map
$5,800,000
$1,450,000/SF
Condo
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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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93