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400 West Dickens Avenue

Susan Miner Of Premier Relocation Represents Buyer In Lincoln Park Mansion Sale For $14.25M
SOLDSingle Family

Susan Miner Of Premier Relocation Represents Buyer In Lincoln Park Mansion Sale For $14.25M

400 West Dickens Avenue

$14,250,000

$950/SF

Building Size

15,000 SF

Asset Type

Single Family

Closing

Oct 1, 2024

AI

A single-family property located at 400 West Dickens Avenue in Chicago has been successfully sold for $14,250,000. The asset covers an area of 15,000 square feet on a 0.3-acre lot. The transaction reflects a price per square foot of $950 and marks a significant sale in the luxury real estate market.

Summary of transaction details:

This remarkable transaction was facilitated by Susan Miner representing the buyer and Ryan Preuett along with Timothy Salm representing the seller, showcasing a collaborative effort in a closed high-value deal. The property gained attention for its rapid sale, occurring just one month after it was listed on the market.

Players

Timothy Salm

Sotheby's International Realty

Broker

$128.8M

vol

18 deals

Broker

Chicago Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93