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363 East Wacker Drive

Carrie McCormick Represents Both Parties In $7M St. Regis Chicago Condo Sale
SOLDCondo

Carrie McCormick Represents Both Parties In $7M St. Regis Chicago Condo Sale

363 East Wacker Drive

$7,000,000

$1,143/SF

Building Size

6,121 SF

Asset Type

Condo

Closing

Apr 8, 2024

AI

A luxury St. Regis condo on East Wacker Drive in Chicago was recently sold for $7 million. The 6,121-square-foot condo was purchased by undisclosed buyers, translating to approximately $1,147 per square foot.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,000,000
  • Address: 363 East Wacker Drive, Chicago
  • Square Footage: 6,121
  • Seller: Blake & Beth Horio
  • Broker: Carrie McCormick - @properties Christie's International Real Estate

Carrie McCormick of @properties represented both the sellers, Blake and Beth Horio, and the buyers in this transaction. The sale of this luxury condo signifies renewed interest from affluent buyers in the high-end condo market, following a slower period in 2023. Several other notable transactions have been observed in Chicago's luxury real estate sector, reflecting a resurgence in this market segment.

Players

Carrie McCormick

At Properties Commercial

Broker

$109.1M

vol

34 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93