No. 9 Walton condo sells at 10% markup from sale price last year

With most of the pricey Gold Coast tower's units bought last year, owners are already looking to flip

Feb.February 06, 2019 01:00 PM

John Groetelaars and No. 9 Walton

Let the flipping begin.

A medical supply company CEO is the latest buyer in the No. 9 Walton condo tower, acquiring the unit at a 10 percent markup from the original purchase price nine months ago.

John Groetelaars, CEO of Chicago-based hospital bedmaker Hill-Rom Holdings, bought the 11th floor, 2,700-square-foot condo for nearly $3.5 million from a trust, according to the Chicago Tribune.

That trust purchased the three-bedroom, 3½-bath unit for more than $3.1 million in May from the developer, JDL Development. The unit was first listed in November for $3.65 million, and was never lived in, according to the Tribune.

With most of the units completed last year, some owners are already looking to flip. One couple is looking to sell their 33rd floor unit for 40 percent more than they paid for it.

Jane Shawkey-Nye of Baird Warner represented Groetelaars, who joins a resident roster at No. 9 that includes Chicago Blackhawks star Jonathan Toews, Chicago Cubs outfielder Jason Heyward and billionaire Ken Griffin.

The building has dominated the list of pricey home sales since Griffin’s record-breaking purchase in late 2017.

[Chicago Tribune]John O’Brien

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