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
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.
Players
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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