Lake Street Studios
727 W Lake St, Chicago, Illinois 60661
🟠 Expiring Soon
Lake Street Studios is a 61-unit multifamily property located at 727 W Lake St in Chicago, Illinois 60661. Placed in service in 2014 under the LIHTC program, its 15-year compliance period expires in 2029. This property is approaching its Year-15 compliance milestone.
Year-15 Compliance Timeline
EXPIRING SOONPlaced in Service
2014
Current Year
2026
Expiration
2029
2014
2017
2020
2023
2026
2029
📋
Compliance expires in 3 years
This property is approaching its Year-15 compliance milestone. It is worth monitoring for changes in ownership intent and refinancing activity.
Compliance Period
15 Years
Years Elapsed
12 / 15
Years Until
3
Property Overview
HUD IDILA20140017
Year Placed in Service2014
Year-15 Expiration2029
Acquisition Status🟠 Expiring Soon
Unit Breakdown
Total Units61
Low-Income Units61
Low-Income Ratio100%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
White0%
Black / African American58%
Hispanic / Latino0%
Asian0%
Am. Indian / Alaska Native0%
Hawaiian / Pacific Islander0%
Other / Multi-racial0%
Not Reported42%
Household Composition
With Children0%
Elderly 62+74%
Head 62+74%
Disability Status
Units with ≥1 Disabled Member0%
Members with Disability0%
Household Size at Certification
Actual = Certified size97%
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules