Updated Sep 9, 2024
Historic Chicago South Loop Mansions Sold For $4M For Restoration - Melanie Giglio, Marc Bahnsen & Mariam Moeinzadeh - Compass
1801 South Prairie Avenue
$3,900,000
$134/SF
Building Size
29,000 SF
Asset Type
Single Family Residence
Closing
Aug 11, 2023
About this deal
AI
A pair of historic Prairie Avenue mansions located at 1801 and 1811 South Prairie Avenue in Chicago's South Loop have been sold for nearly $4 million. The buyers of these 19th-century properties, which were previously used by the U.S. Soccer Federation, plan to restore them to their original residential use.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $3,900,000
- Acres: 0.45
- Square Footage: 29,000
- Price Per Square Foot: $134
- Address: 1801 & 1811 South Prairie Avenue, Chicago
- Market: Chicago
The sale of these historic mansions was facilitated by Melanie Giglio, Marc Bahnsen, and Mariam Moeinzadeh from Compass, acting as the brokers for the transaction.
On the Map
$3,900,000
$134/SF
Single Family Residence
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Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $134 per square foot on a published $3.9M for 29,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93