Michael Kaplan Of REKAP Group Compass Represents Buyer In Sale Of Chicago Condo For $2.31M
363 East Wacker Drive
$2,310,000
$988/SF
Building Size
2,336 SF
Asset Type
Condo
Closing
Dec 2, 2025
AI
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
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
6.87%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93