Mike Larson Of Sotheby’s International Realty Represents Buyer In $2.78M Chicago Condo Sale
363 East Wacker Drive
$2,776,888
$1,090/SF
Building Size
2,546 SF
Asset Type
Condo
Closing
Mar 2, 2026
AI
The property asset involved in this transaction is a condo located at 363 East Wacker Drive Unit 4308 in the Chicago market. The sale price for this unit was $2,776,888, and it encompasses a total square footage of 2,546. The price per square foot calculated for this transaction is $1,090.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,776,888
- Square Footage: 2,546
- Price per Square Foot: $1,090
- Address: 363 East Wacker Drive Unit 4308
- Market: Chicago
- Buyer's Representative: Mike Larson - Sotheby’s International Realty
- Seller's Representative: Rafael Murillo - Compass
This transaction involved Mike Larson representing the buyer through Sotheby’s International Realty and Rafael Murillo representing the seller through Compass. Notably, the sale achieved the highest 08-tier sale in the building since 2024, surpassing all comparable sales from the previous year and was secured off-market. The strength of the representatives' networks played a key role in the success of the deal.
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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93