TTG Lawndale 154 LP Acquires Multifamily Property In West Side, Chicago For $14.5M
SOLD
$14,500,000
Illinois
See Similar DealsMultiFamily
Sold 08/05/2022
SOLD
TTG Lawndale 154 LP Acquires Multifamily Property In West Side, Chicago For $14.5M
Chicago, Illinois 60623, United States
See Similar DealsMultiFamily
Sold 08/05/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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