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Michael Kaplan Of REKAP Group Compass Represents Buyer In Sale Of Chicago Condo For $2.31M

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SOLD
$2,310,000

Illinois

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Condo2,336 SF
Sold 12/03/2025
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Property Image
SOLD

Michael Kaplan Of REKAP Group Compass Represents Buyer In Sale Of Chicago Condo For $2.31M

363 East Wacker Drive

See Similar Deals
Condo2,336 SF
Sold 12/03/2025
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Summary

ILLINOIS
Asset Type:Condo
Price Per Square Foot:$988
Total Square Footage:2,336 SF
Transaction Type:Sale

The property asset involved in this transaction is a condo located at 363 East Wacker Drive Unit 6203 in the Chicago market. The sale price for this property was $2,310,000, with a square footage of 2,336 and a price per square foot of $988.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $2,310,000
  • Square Footage: 2,336
  • Price per Square Foot: $988
  • Buyer's Representative: Michael Kaplan - REKAP Group - Compass
  • Seller's Representative: Leila Zammatta - Magellan Development Group
  • Date of Sale: 12/03/2025

This transaction involved Michael Kaplan from REKAP Group - Compass representing the buyer and Leila Zammatta from Magellan Development Group representing the seller. Their respective agencies facilitated the closing of this deal, ensuring a smooth transaction process in the Chicago real estate market.

Players

5 deals$43.5M volume
BROKER


Compass
BROKERAGE

Details

SOLD
IMAGE: Michael Kaplan & Leila Zammatta DATE: 12/03/2025 ADDRESS: 363 East Wacker Drive Unit 6203 MARKET: Chicago ASSET TYPE: Condo BUYER'S REP: Michael Kaplan (@M.j.Kaplan) - REKAP Group (@REKAPGroup) - Compass (@Compass) SELLER'S REP: Leila Zammatta (@LeilaZammatta) - Magellan Development Group SALE PRICE: $2,310,000 SF: 2,336 ~ PPSF: $988

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,206.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,950.58
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