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9 West Walton Street

Ken Griffin Sells Two Unfinished Condos At 9 West Walton Street Chicago For $15.9M
SOLDCondo

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:

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

Nancy Tassone

Sotheby's International Realty

Broker

$95.8M

vol

12 deals

Broker
Ken Griffin

Ken Griffin

Citadel

Seller

$993M

vol

20 deals

Seller

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