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Multifamily

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801 5th Street

SOLDMultiFamily

Jay Madary Of JVM Realty Acquires 280-Unit Springs At Oswego From James H. Schloemer

801 5th Street

Units

280

Asset Type

MultiFamily

Closing

Aug 17, 2026

AI

The transaction involves the 280-unit Springs at Oswego apartment community located at 801 5th Street, Oswego, Illinois. The property is categorized as multifamily and was built in 2019. It is now known as Trillium at Oswego, contributing to JVM Realty's portfolio in high-demand suburban Chicago markets with restricted new multifamily supply.

Summary of transaction details:

This deal marks a strategic expansion for JVM Realty, increasing their presence in Illinois to eight communities. Cushman & Wakefield facilitated the transaction, underscoring their role in connecting JVM Realty with Continental Properties for this acquisition.

Players

Brad Smith

Cushman & Wakefield

Broker

$108.7M

vol

5 deals

Broker

Jay Madary

JVM Realty

Buyer

$288.3M

vol

6 deals

Buyer

James H. Schloemer

Continental Properties Company, Inc

Seller

$85.4M

vol

2 deals

Seller

High River 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93