Building

3422 N Halsted

3422 N Halsted St · Boystown Built 2003 22 units

Ownership

Wholly-owned

Occupancy

95.5%

21 of 22 units occupied

T12 NOI

$318K

Avg rent $2,380 · Cap 6.00%

Valuation

$5.3M

Equity $1.9M · LTV 64%

DSCR

1.31x

Covenant 1.20x · Buffer 9%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$3,400,000

Rate

6.40%

Maturity

Aug 20, 2028

Months to maturity

26 mo

Annual debt service

$255K

DSCR (covenant 1.20x)

1.31x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$318,000

(less) Annual debt service

-$255,206

(less) T12 capex

-$26,400

Levered cash flow

$36,394

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

Depreciation

Annual non-cash

$154K

Straight-line, 27.5 years (residential), on building basis of $4.2M.

Building basis (80% of value)

$4.2M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$57K

Cost segregation could accelerate ~20-30% to 5/7/15-year lives. Coordinate with the CPA on bonus depreciation timing.

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 $22KT12 $26K

Routine turnover and unit refresh costs. Standard run rate.

Open

$4K

Capex / unit / yr

$1,200

Documents

Linked files

Loan agreement

3422 N Halsted Loan Agreement 2025.pdf

AI-parsed

Insurance

3422 N Halsted Policy 2026.pdf

AI-parsed