The 29,500-square-foot office building located at 232 E Ohio St in Chicago's Streeterville neighborhood has been sold for $5.9 million. The property, which once served as the original home of the Playboy Organization, is now occupied by CRC Recording Studio. The sale was brokered by Wayne Caplan of SVN, with an entity controlled by restauranteur Phil Chen acquiring the building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,900,000.00
• Address: 232 E Ohio St, Chicago, IL, 60611
• Market: Chicago
• Seller's Rep: Wayne Caplan (SVN)
• Buyer: Entity Controlled by Restauranteur Phil Chen
• SF: 29500

The new owner, an entity controlled by restauranteur Phil Chen, is expected to renovate the property in the near future according to SVN. The building's history as the original home of the Playboy Organization adds to its unique character and appeal. The sale marks a significant transaction within the Streeterville neighborhood, showcasing the continued evolution of Chicago's real estate market.