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2550 North Lakeview Avenue

Michael Krasny Acquires Lincoln Park Condo From Michael & Deborah Szymanczyk For $5.1M
SOLDCondo

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

Linda Levin

Sotheby's International Realty

Broker

$21.8M

vol

8 deals

Broker

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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93