Luxury Living Chicago Realty Acquires Condo In River North, Chicago For $3.1M
435 North Michigan Avenue
$3,115,000
$958/SF
Building Size
3,249 SF
Asset Type
Condo
Closing
Jul 9, 2022
About this deal
AI
A 3,249 square foot condo located at 435 N Michigan Ave Unit 503 in River North, Chicago has been sold. The property, listed by Lynn Kummerer of Luxury Living Chicago Realty, was sold by developers CIM Group & Golub & Company. The sale took place on September 7, 2022, and the transaction closed at a price of $3,115,000. The condo has an impressive price per square foot of $959.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,115,000
- Size: 3,249 square feet
- Address: 435 N Michigan Ave Unit 503
- Market: River North, Chicago
Lynn Kummerer of Luxury Living Chicago Realty represented the seller in this transaction. The developers, CIM Group & Golub & Company, were responsible for the sale of the property.
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
5.09%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93