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Chicago, Illinois 60623, Un...

TTG Lawndale 154 LP Acquires Multifamily Property In West Side, Chicago For $14.5M
SOLDMultiFamily

TTG Lawndale 154 LP Acquires Multifamily Property In West Side, Chicago For $14.5M

Chicago, Illinois 60623, United States

$14,500,000

Units

154

Asset Type

MultiFamily

Closing

Aug 4, 2022

AI

A multifamily property located at 3324-3435 West Douglas Boulevard in the West Side neighborhood of Chicago has been sold in a closed transaction. The property consists of 154 units with an average price per unit of $94,156, resulting in a total sale price of $14,500,000.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $14,500,000
  • Address: 3324-3435 West Douglas Boulevard
  • Market: West Side, Chicago

The buyer of the property is TTG Lawndale 154 LP, represented by Chuck Treatch and Nicholas Tufano. The seller is Jarrell Lawndale Restoration. The transaction was financed by lument''>Lument Capital.

Players

Chuck Treatch

Buyer

$14.5M

vol

1 deal

Buyer
R
RestorationSeller

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93