Ken Griffin Sells Two Unfinished Condos At 9 West Walton Street Chicago For $15.9M
9 West Walton Street
$15,900,000
$1,090/SF
Building Size
14,585 SF
Asset Type
Condo
Closing
Apr 16, 2025
AI
A condo located at 9 West Walton Street in Chicago has been sold for a transaction amount of $15,900,000. This property encompasses 14,585 square feet, resulting in a price per square foot of $1,090 in the Chicago market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,900,000
- Address: 9 West Walton Street
- Market: Chicago
- Seller: Ken Griffin - Citadel
- Broker: Nancy Tassone - Sotheby's International Realty
- Square Footage: 14,585
- Price Per Square Foot: $1,090
Billionaire Ken Griffin sold his last two unfinished condos in this building as part of a larger financial transaction, concluding his total investment of $58.75 million with a recorded loss of $23.85 million. Griffin, who moved to Florida in 2022, still maintains a listing at Park Tower valued at $15.75 million, while having incurred other notable losses within Chicago's real estate market.
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93