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Chicago Condo At 2550 North Lakeview Avenue Sold For $5.8M With Buyer's Rep Suzanne Gigilliat & Seller's Rep Tim Salm

Property Image
SOLD
$5,800,000
Suzanne Gignilliat
Timothy Salm

Illinois

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Condo4 SF
Sold 11/11/2022
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Property Image
SOLD

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

See Similar Deals
Condo4 SF
Sold 11/11/2022
Suzanne Gignilliat
Timothy Salm
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Condo
Price Per Square Foot:$1,450,000
Total Square Footage:4 SF
Transaction Type:Sale

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.

Players

Timothy Salm
Sotheby's International Realty
Timothy Salm
17 deals$125.1M volume
BROKER
Suzanne Gignilliat
At Properties Commercial
Suzanne Gignilliat
3 deals$11M volume
BROKER

Details

SOLD
IMAGE: Tim Salm & Suzanne Gignilliat DATE: 11/11/2022 ADDRESS: 2550 North Lakeview Avenue MARKET: Chicago ASSET TYPE: Condo BUYER'S REP: Suzanne Gignilliat (@SuzGig) - @properties Christie’s International Real Estate (@AtProperties) SELLER'S REP: Tim Salm (@Tim_Salm_RealEstate) - Sotheby’s International Realty (@ONESIR) SALE PRICE: $5,800,000 SF: 4,700 ~ PPSF: $1,234

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
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