Magellan Development Group Sells Condo At 363 East Wacker Drive For $1.85M With Buyer's Rep Sophie Xu
363 East Wacker Drive
$1,850,000
$902/SF
Building Size
2,049 SF
Asset Type
Condo
Closing
Jan 20, 2026
AI
The property involved in this transaction is a condo located at 363 East Wacker Drive in the Chicago market. The condo was sold for $1,850,000, encompassing a total square footage of 2,049, which translates to a price per square foot of $902.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,850,000
- Seller: Magellan Development Group
- Buyer's Representative: Sophie Xu - Jameson Sotheby's International Realty
- Sale Date: 01/21/2026
This deal involved the seller, Magellan Development Group, and the buyer was represented by Sophie Xu from Jameson Sotheby's International Realty, providing professional representation during the transaction process.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93