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Lutheran School Of Theology At Chicago Sells Hyde Park Residential Portfolio For $9.12M

Property Image
SOLD
$9,115,000
James Hanson
Richard Hanson
Judson Martin

Illinois

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MultiFamily
Sold 11/24/2025
the dealplayerscompscontact
Property Image
SOLD

Lutheran School Of Theology At Chicago Sells Hyde Park Residential Portfolio For $9.12M

5437 South University Avenue

See Similar Deals
MultiFamily
Sold 11/24/2025
James Hanson
Richard Hanson
Judson Martin
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily asset involved in this transaction consists of a 63-unit, three-building portfolio located at 5437-5447 South University Avenue, 1154-1160 East 54th Place, 5434-5438 South University Avenue, 1124-1128 East 54th Place, and 5437–5439 South Greenwood Avenue, situated in the Chicago market. The sale price was recorded at $9,115,000, resulting in a price per unit of $144,683.

Summary of transation details:

The transaction was marked by a note of a short-term leaseback for residents, and was managed by Peak Properties. The deal was led by Avison Young principals James Hanson, Richard Hanson, and Judson Martin.

Players

James Hanson
Avison Young
James Hanson
4 deals$47.6M volume(312) 273-4506
BROKER
Richard Hanson
Avison Young
Richard Hanson
1 deal$9.1M volume(312) 273-4505
BROKER
Judson Martin
Avison Young
Judson Martin
1 deal$9.1M volume(312) 957-7600
BROKER
Avison Young
Avison Young
BROKERAGE
Lutheran School of Theology at Chicago (LSTC)
Lutheran School of Theology at Chicago (LSTC)
SELLER

Details

SOLD
IMAGE: Richard Hanson, Judson Martin & James Hanson DATE: 11/24/2025 ADDRESS: 5437-5447 South University Avenue, 1154-1160 East 54th Place, 5434-5438 South University Avenue, 1124-1128 East 54th Place & 5437–5439 South Greenwood Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: Lutheran School of Theology at Chicago (LSTC) (@LSTChicago) BROKERS: James Hanson, Richard Hanson & Judson Martin - Avison Young (@Avison_Young_Global) SALE PRICE: $9,115,000 UNITS: 63 ~ PPU: $144,683 NOTE: Avison Young sold the Hyde Park Residential Portfolio, a 63-unit, three-building multifamily portfolio near the University of Chicago, for $9.12 million to a private investment group. The deal included a short-term leaseback for residents and was led by Avison Young principals James Hanson, Richard Hanson, and Judson Martin, with Peak Properties managing the portfolio.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$486,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,383.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,209.75
Annual Debt Service$518,517.00