Marcus Lemonis Sells Chicago Condo At 900 North Michigan Avenue For $3.3 Million
900 North Michigan Avenue
$3,300,000
$687/SF
Building Size
4,800 SF
Asset Type
Condo
Closing
Nov 17, 2025
About this deal
AI
The asset involved in the transaction is a condo located at 900 North Michigan Avenue in Chicago. This property features a square footage of 4,800 and was sold for a price of $3,300,000, resulting in a price per square foot of $688.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,300,000
- Address: 900 North Michigan Avenue
- Market: Chicago
- Square Footage: 4,800
- Price per Square Foot: $688
- Seller: Marcus Lemonis
- Broker: Joe Wright - City & Field Real Estate
The sale illustrates the ongoing trends in the Streeterville market, where the seller, Marcus Lemonis, has experienced a decline in price from his previous purchase and initial asking price. Broker Joe Wright facilitated the transaction, representing the seller in this deal.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $687 per square foot on a published $3.3M for 4,800 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93