facebook
Traded Co logo
Submit
Daily limit: 0/10

Historic Chicago South Loop Mansions Sold For $4M For Restoration - Melanie Giglio, Marc Bahnsen & Mariam Moeinzadeh - Compass

Property Image
SOLD
$3,900,000
Melanie Giglio-Vakos
Marc Bahnsen
Mariam Moeinzadeh

Illinois

See Similar Deals
Single Family Residence29,000 SF
Sold 08/11/2023
the dealplayerscompscontact
Property Image
SOLD

Historic Chicago South Loop Mansions Sold For $4M For Restoration - Melanie Giglio, Marc Bahnsen & Mariam Moeinzadeh - Compass

1801 South Prairie Avenue

See Similar Deals
Single Family Residence29,000 SF
Sold 08/11/2023
Melanie Giglio-Vakos
Marc Bahnsen
Mariam Moeinzadeh
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$134
Total Square Footage:29,000 SF
Transaction Type:Sale

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

Melanie Giglio-Vakos
Compass
Melanie Giglio-Vakos
4 deals$7.9M volume
BROKER
Marc Bahnsen
Compass
Marc Bahnsen
1 deal$3.9M volume(312) 203-9905
BROKER
Mariam Moeinzadeh
Compass
Mariam Moeinzadeh
1 deal$3.9M volume(312) 448-8212
BROKER

Details

SOLD
IMAGE: Melanie Giglio, Marc Bahnsen & Mariam Moeinzadeh DATE: 08/11/2023 ADDRESS: 1801 & 1811 South Prairie Avenue MARKET: Chicago ASSET TYPE: SFR ~ ACRES: 0.45 BROKERS: Melanie Giglio (@Mariam.Moeinzadeh), Marc Bahnsen (@MarcBahnsen) & Mariam Moeinzadeh (@Mariam.Moeinzadeh) - Compass (@Compass.Chicago) SALE PRICE: $3,900,000 SF: 29,000 ~ PPSF: $134 NOTE: Historic Prairie Avenue mansions, formerly used by the U.S. Soccer Federation, have been sold for almost $4 million. The buyers plan to restore the 19th-century properties to their original residential use in Chicago's South Loop.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88