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.
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