Building

1734 N Western

1734 N Western Ave · Bucktown Built 1990 36 units

Ownership

Syndicated

Occupancy

91.7%

33 of 36 units occupied

T12 NOI

$458K

Avg rent $2,280 · Cap 5.99%

Valuation

$7.7M

Equity $2.7M · LTV 65%

DSCR

1.26x

Covenant 1.20x · Buffer 5%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$4,950,000

Rate

6.55%

Maturity

Nov 30, 2027

Months to maturity

17 mo

Annual debt service

$377K

DSCR (covenant 1.20x)

1.26x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$458,000

(less) Annual debt service

-$377,404

(less) T12 capex

-$45,000

Levered cash flow

$35,596

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

Depreciation

Annual non-cash

$223K

Straight-line, 27.5 years (residential), on building basis of $6.1M.

Building basis (80% of value)

$6.1M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$82K

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 $36KT12 $45K

Routine turnover and unit refresh costs. Standard run rate.

Open

$9K

Capex / unit / yr

$1,250

Documents

Linked files

Loan agreement

1734 N Western Loan Agreement 2025.pdf

AI-parsed

Insurance

1734 N Western Policy 2026.pdf

AI-parsed

PPM

1734 N Western Operating Agreement.pdf

AI-parsed