Pat Ryan And Shirley Ryan Sell Chicago Condo For $1.75M With Broker Pamela Miles

A condo located at 900 North Michigan Avenue in Chicago has been sold. The property, situated on the 62nd floor, was sold for $1,750,000. This sale reflects a 60% loss from its previous purchase price of $4.4 million in 2018 and is lower than its sale price in 1994. The condo is part of a market experiencing declining demand and properties trading at or below prices from the 1990s.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $1,750,000
• Seller: Pat Ryan & Shirley Ryan
• Broker: Pamela Miles - Berkshire Hathaway HomeServices Chicago
• Address: 900 North Michigan Avenue, Chicago
• Market: Chicago

Pat Ryan, the founder of Aon and Ryan Specialty, along with his wife Shirley, was involved in the transaction as the sellers. The property transaction highlights ongoing trends in the Bloomingdale’s building, along with an overarching issue of outdated units in the luxury market of Chicago.