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1801 West Argyle Street, Ch...

Updated Dec 2, 2024

TLC Management Acquires Multifamily Asset In Chicago For $46M
SOLDMultiFamily

TLC Management Acquires Multifamily Asset In Chicago For $46M

1801 West Argyle Street, Chicago, IL 60640

$46,000,000

$72,784/SF

Building Size

632 SF

Asset Type

MultiFamily

Closing

Aug 24, 2020

About this deal

AI

The multifamily property located at 1801 West Argyle Street in Chicago has been sold in a closed transaction. The property, consisting of 150 units, was sold by The Carlyle Group to TLC Management for a price of $46,000,000. The deal was facilitated by broker Bill Baumann from Monarch Realty Partners. The transaction took place on 08/25/2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $46,000,000
  • Units: 150
  • Price per Unit: $306,666
  • Market: Chicago
  • Buyer: TLC Management
  • Seller: The Carlyle Group
  • Broker: Bill Baumann - Monarch Realty Partners
  • Date: 08/25/2020
  • Address: 1801 West Argyle Street

In this transaction, TLC Management successfully acquired the multifamily property from The Carlyle Group. Bill Baumann from Monarch Realty Partners served as the broker representing both parties. The deal represents a significant investment in the Chicago market.

On the Map

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$46,000,000

$72,784/SF

MultiFamily

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Players

Bill Baumann

JLL

Broker

$265.6M

vol

11 deals

Broker
Monarch Realty Partners
Monarch Realty PartnersBrokerage
Carlyle Group
Carlyle GroupSeller
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Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $72.8K per square foot on a published $46M for 632 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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