Mixed-UseOwned
Lakeview Lofts
310 N Lake Shore Dr, Chicago, IL
- Size
- 164 units
- Year built
- 2014
- Acquired
- 09/01/20
- Basis
- $54.0M
- Fund
- Fund II
- Region
- Midwest
- Manager
- PropLake Residential
- Accounting system
- Entrata
T12 NOI
$2.9M
+0.7% vs prior T12
Occupancy
95.8%
As of Aug 2026 rent roll
NOI / unit
$17,924
Trailing 12 months
Yield on cost
5.44%
T12 NOI / purchase price
DSCR
1.41x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- Fannie Mae
- Balance
- $36,500,000
- Rate
- 3.98%
- Structure
- 30-yr amort
- Maturity
- 10/01/31
- Annual debt service
- $2,086,032
- LTV on basis
- 67.6%
T12 income statement
PropLake standard chart of accounts · mapped from Entrata| Revenue | ||
| 4010Rental Income | $4,995,747 | 12 bronze rows |
| 4020Other Income | $198,943 | 12 bronze rows |
| 4030Vacancy Loss | ($250,808) | 12 bronze rows |
| Total revenue | $4,943,882 | |
| Operating expenses | ||
| 5010Payroll | $404,296 | 12 bronze rows |
| 5020Repairs & Maintenance | $279,896 | 12 bronze rows |
| 5030Utilities | $235,859 | 12 bronze rows |
| 5040Property Taxes | $440,736 | 12 bronze rows |
| 5050Insurance | $160,267 | 12 bronze rows |
| 5060Management Fees | $202,125 | 12 bronze rows |
| 5070Marketing | $80,155 | 12 bronze rows |
| 5080General & Administrative | $201,011 | 12 bronze rows |
| Total operating expenses | $2,004,345 | |
| Net operating income | $2,939,537 | |
| Below NOI | ||
| 6010Interest Expense | $1,452,696 | 12 bronze rows |
| 6020Capital Expenditures | $141,337 | 12 bronze rows |
| Net cash flow | $1,345,504 | |