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Eliana De Marco Acquires Lincoln Park Townhouse From Mike Wright For $1.95M

Property Image
SOLD
$1,950,000
Jill Scott
MW
EM

Illinois

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Other4 SF
Sold 08/11/2022
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Property Image
SOLD

Eliana De Marco Acquires Lincoln Park Townhouse From Mike Wright For $1.95M

505 West Menomonee Street, Chicago, Illinois 60614, United States

See Similar Deals
Other4 SF
Sold 08/11/2022
Jill Scott
MW
EM
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Other
Price Per Square Foot:$487,500
Total Square Footage:4 SF
Transaction Type:Sale

A townhouse located at 505 W Menomonee St in Lincoln Park, Chicago, has been sold for $1,950,000. The property, spanning 4,000 square feet, was purchased by Eliana De Marco from the seller, Mike Wright. The transaction took place on 11/08/2022 and was facilitated by Jill Scott from The Scott Group at Compass.

Summary of transaction details:

  • Property Type: Townhouse
  • Transaction Amount: $1,950,000
  • Address: 505 W Menomonee St
  • Market: Lincoln Park, Chicago
  • Buyer: Eliana De Marco
  • Seller: Mike Wright
  • Broker: Jill Scott - The Scott Group - Compass

Jill Scott, from The Scott Group at Compass, represented the buyer and seller in the transaction. The townhouse is located in the desirable Lincoln Park neighborhood of Chicago and offers 4,000 square feet of living space. Eliana De Marco is the new owner of this townhouse, previously owned by Mike Wright.

Players

Jill Scott
Compass
Jill Scott
5 deals$8.9M volume
BROKER
EM
Eliana De Marco
2 deals$3.9M volume
BUYER
MW
Mike Wright
3 deals$55.4M volume
SELLER

Details

SOLD
IMAGE: Jill Scott DATE: 11/08/2022 ADDRESS: 505 W Menomonee St MARKET: Lincoln Park, Chicago ASSET TYPE: Townhouse BUYER: Eliana De Marco SELLER: Mike Wright BROKER: Jill Scott (@JillElizabethScott) - The Scott Group (@TheScottGroup_compass) - Compass (@Compass) (@Compass.Chicago) SALE PRICE: $1,950,000 SF: 4,000 ~ PPSF: $488

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

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94