Building

901 W Diversey

901 W Diversey Pkwy · Lakeview Built 2014 28 units

Ownership

Syndicated

Occupancy

96.4%

27 of 28 units occupied

T12 NOI

$462K

Avg rent $2,680 · Cap 6.00%

Valuation

$7.7M

Equity $2.8M · LTV 64%

DSCR

1.41x

Covenant 1.20x · Buffer 17%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$4,900,000

Rate

5.85%

Maturity

Jun 1, 2030

Months to maturity

48 mo

Annual debt service

$347K

DSCR (covenant 1.20x)

1.41x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$462,000

(less) Annual debt service

-$346,885

(less) T12 capex

-$17,500

Levered cash flow

$97,615

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

Depreciation

Annual non-cash

$224K

Straight-line, 27.5 years (residential), on building basis of $6.2M.

Building basis (80% of value)

$6.2M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$83K

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 $13KT12 $18K

Routine turnover and unit refresh costs. Standard run rate.

Open

$5K

Capex / unit / yr

$625

Documents

Linked files

Loan agreement

901 W Diversey Loan Agreement 2025.pdf

AI-parsed

Insurance

901 W Diversey Policy 2026.pdf

AI-parsed

PPM

901 W Diversey Operating Agreement.pdf

AI-parsed