Patrick Kane Sells Trump Tower Condo In Chicago For $2.11M With Chezi Rafaeli As The Broker
401 North Wabash Avenue
$2,110,000
$680/SF
Building Size
3,102 SF
Asset Type
Condo
Closing
Mar 27, 2025
AI
A condo located at 401 North Wabash Avenue Unit 69E in Chicago has been sold for $2,110,000. The property spans 3,102 square feet and was priced at $680 per square foot. The sale price reflects a significant decrease from its previous purchase price of $3.1 million in 2016.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,110,000
- Seller: Patrick Kane
- Broker: Chezi Rafaeli - Coldwell Banker
- Market: Chicago
- Date of Sale: 03/27/2025
- Square Footage: 3,102
- Price per Square Foot: $680
The seller, Patrick Kane, a former player for the Chicago Blackhawks, experienced a loss of nearly $1 million from the original purchase price. Kane continues to maintain ownership of additional properties in the Chicago area, including another unit in Trump Tower and a more expensive condo at 9 W. Walton valued at $6.46 million.
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Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.52%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93