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800 North Michigan Avenue

Michael Krasny Of CDW Corporation Sells Park Tower Condo In Chicago For $2.35M
SOLDCondo

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:

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.

Players

Linda Levin

Sotheby's International Realty

Broker

$21.8M

vol

8 deals

Broker

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