Building

3015 W Logan

3015 W Logan Blvd · Logan Square Built 1985 30 units

Ownership

Syndicated

Occupancy

93.3%

28 of 30 units occupied

T12 NOI

$365K

Avg rent $2,120 · Cap 6.00%

Valuation

$6.1M

Equity $2.1M · LTV 65%

DSCR

1.22x

Covenant 1.20x · Buffer 2%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$3,950,000

Rate

6.80%

Maturity

May 10, 2028

Months to maturity

22 mo

Annual debt service

$309K

DSCR (covenant 1.20x)

1.22x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$365,000

(less) Annual debt service

-$309,013

(less) T12 capex

-$33,600

Levered cash flow

$22,387

Available for distributions or capex reserve. Coordinate with waterfall before distributing.

Depreciation

Annual non-cash

$177K

Straight-line, 27.5 years (residential), on building basis of $4.9M.

Building basis (80% of value)

$4.9M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$65K

Cost segregation could accelerate ~20-30% to 5/7/15-year lives. Worth modeling before next refi to amplify the LP tax shield.

Rent Roll

Live unit detail

Sample rent roll only loaded for the demo building (1247 N Damen). AppFolio sync will populate the rest.

Capex

Capital projects

YTD $28KT12 $34K

Routine turnover and unit refresh costs. Standard run rate.

Open

$6K

Capex / unit / yr

$1,120

Documents

Linked files

Loan agreement

3015 W Logan Loan Agreement 2025.pdf

AI-parsed

Insurance

3015 W Logan Policy 2026.pdf

AI-parsed

PPM

3015 W Logan Operating Agreement.pdf

AI-parsed