Katherine Melman Acquires Gold Coast Condo At 30 W Oak Street For $6M
30 West Oak Street, Chicago, Illinois 60610, United States
$6,000,000
$857,142/SF
Building Size
7 SF
Asset Type
Condo
Closing
Feb 23, 2023
About this deal
AI
An impressive condominium located in the Gold Coast neighborhood at 30 W Oak Street has recently been sold. The transaction took place on February 23, 2023, with a sale price of $6,000,000. This luxurious condo spans an extensive area of 7,000 square feet, resulting in a price per square foot of $857. The buyers of this remarkable property are Katherine Melman and RJ Melman, both affiliated with Lettuce Entertain You. The sellers of the condo are Ilan Shalit and Rebekah Shalit.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Address: 30 W Oak Street
- Market: Gold Coast
This transaction highlights the significant involvement of Lettuce Entertain You, as Katherine Melman and RJ Melman represent the company in this deal. Their presence further emphasizes the value and desirability of this condominium.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $857.1K per square foot on a published $6M for 7 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93