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363 East Wacker Drive

Mike Larson Of Sotheby’s International Realty Represents Buyer In $2.78M Chicago Condo Sale
SOLDCondo

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

Mike Larson

Broker

$36.1M

vol

6 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

5.71%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93