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

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SOLD
$5,100,000

Illinois

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Condo5,175 SF
Sold 09/23/2024
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SOLD

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

2550 North Lakeview Avenue

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Condo5,175 SF
Sold 09/23/2024
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Summary

ILLINOIS
Asset Type:Condo
Price Per Square Foot:$985
Total Square Footage:5,175 SF
Transaction Type:Sale

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
8 deals$21.8M volume
BROKER

Tere Proctor
@Properties Christie's International Real Estate
1 deal$5.1M volume(312) 320-0863
BROKER

Details

SOLD
IMAGE: Linda Levin, Michael Krasny & Tere Proctor DATE: 09/23/2024 ADDRESS: 2550 North Lakeview Avenue Unit S1306 MARKET: Chicago ASSET TYPE: Condo BUYER: Michael Krasny - Computer Discount Warehouse SELLER: Michael & Deborah Szymanczyk BUYER'S REP: Linda Levin (@LindaLevinrealtor) - Jameson Sotheby's International Realty (@JamesOnSIR) SELLER'S REP: Tere Proctor - @Properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $5,100,000 SF: 5,175 ~ PPSF: $986 NOTE: Tech billionaire Michael Krasny purchased a 5,200-square-foot Lincoln Park condo for $5.1 million ($985 per square foot), slightly below its $5.4 million listing price, with representation from Linda Levin of Jameson Sotheby’s International Realty. The unit, previously owned by notable figures including billionaire Nicholas Pritzker and Michael Szymanczyk, was sold by the Szymanczyks, who bought it for $4.5 million over a decade ago.

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Debt Service Coverage Ratio (DSCR)

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