Updated Nov 26, 2025
Lutheran School Of Theology At Chicago Sells Hyde Park Residential Portfolio For $9.12M
5437 South University Avenue
$9,115,000
Units
63
Asset Type
MultiFamily
Closing
Nov 24, 2025
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $9,115,000
- Units: 63
- Price Per Unit: $144,683
- Seller: Lutheran School of Theology at Chicago (LSTC)
- Brokers: James Hanson, Richard Hanson & Judson Martin - Avison Young
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.
On the Map
$9,115,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $144.7K per unit across 63 units on a published $9.1M (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93