Michael Krasny Acquires Lincoln Park Condo From Michael & Deborah Szymanczyk For $5.1M
2550 North Lakeview Avenue
$5,100,000
$985/SF
Building Size
5,175 SF
Asset Type
Condo
Closing
Sep 23, 2024
AI
A Lincoln Park condo located at 2550 North Lakeview Avenue Unit S1306 in Chicago has been sold for $5,100,000. The condo features a substantial area of 5,175 square feet, resulting in a price per square foot of $986. The property was sold by Michael & Deborah Szymanczyk, who had previously acquired it for $4.5 million over a decade ago.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,100,000
- Address: 2550 North Lakeview Avenue Unit S1306
- Market: Chicago
- Buyer: Michael Krasny - Computer Discount Warehouse
- Seller: Michael & Deborah Szymanczyk
- Buyer's Representative: Linda Levin - Jameson Sotheby's International Realty
- Seller's Representative: Tere Proctor - Christie's International Real Estate
- Sale Date: 09/23/2024
- Square Footage: 5,175
- Price Per Square Foot: $986
Michael Krasny, a tech billionaire, was represented in this transaction by Linda Levin of Jameson Sotheby’s International Realty, while the sellers were represented by Tere Proctor of Christie's International Real Estate. The condo has previously been owned by notable figures, including billionaire Nicholas Pritzker.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93