Michael Krasny Of CDW Corporation Sells Park Tower Condo In Chicago For $2.35M
800 North Michigan Avenue
$2,350,000
$559/SF
Building Size
4,200 SF
Asset Type
Condo
Closing
Apr 15, 2025
AI
A 4,200 square foot condo located at 800 North Michigan Avenue in Chicago was sold for $2,350,000. The property features luxury finishes, two terraces, and lake views. The monthly HOA fee for the unit is $3,796, and the tax bill in 2023 was $62,751.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,350,000
- Sale Date: 04/15/2025
- Seller: Michael Krasny - CDW Corporation
- Broker: Linda Levin - Jameson Sotheby's International Realty
- Price per Square Foot: $560
Michael Krasny, founder of CDW Corporation, sold his condo, which was purchased for $4,350,000 in 2017, marking a substantial difference from his original asking price of over $1 million. Linda Levin represented the seller in this transaction.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93