Updated Oct 28, 2024
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
About this deal
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.
On the Map
$14,500,000
MultiFamily
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Players
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