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505 West Menomonee Street, ...

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

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

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

$1,950,000

$487,500/SF

Building Size

4 SF

Asset Type

Other

Closing

Aug 11, 2022

AI

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

Broker

$8.9M

vol

5 deals

Broker

Eliana De Marco

Buyer

$3.9M

vol

2 deals

Buyer

Mike Wright

Seller

$55.4M

vol

3 deals

Seller

Chicago Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93