SVN Chicago Commercial Sells Restaurant Condo In Chicago's South Loop For $1.8M

A 4,800-square-foot restaurant condo located at 1307 South Wabash Avenue in Chicago's South Loop has been sold for $1.8 million. The transaction was closed by SVN Chicago Commercial, with David Wong of Century 21 Realty Associates representing the buyer. The sale price represents 95% of the asking price, and the buyer received cooperation from the lender.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $1,800,000
• Address: 1307 South Wabash Avenue, Chicago
• Square Footage: 4,800
• Price Per Square Foot: $375
• Market: Chicago

The buyer's representative in this deal was David Wong from Century 21, while the seller's representative was Tim Rasmussen from SVN Chicago Commercial. The local buyer was able to secure the property with cooperation from the lender, purchasing it for 95% of the asking price.