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
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.
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