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
Chicago Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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