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1801 South Prairie Avenue

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

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

Melanie Giglio-Vakos

Compass

Broker

$7.9M

vol

4 deals

Broker

Chicago Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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