Euclid Property and Madison Property
Multifamily property in Oak Park and Forest Park, IL · sponsored by Inland Private Capital
Euclid Property and Madison Property was a DST sponsored by Inland Private Capital that owned a multifamily property in Oak Park and Forest Park, IL. Its last Form D, filed Aug 23, 2012, reports the offering fully sold.
How it ended
The last Form D, filed Aug 23, 2012, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $3,426,177Equity offered, per the Form D
- Sold
- 100%Form D, Aug 23, 2012; the % is our arithmetic
- Investors reported
- Form D, Aug 23, 201216
- Selling commissions
- Form D Item 15; the % is our arithmetic$239,832 · 6.9% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Euclid Property and Madison Property. Top1031 is not a broker-dealer.What did the Trust own?
The offering material places the space at 701–711 Lake Street in Oak Park (the Euclid Property) and 7231–7255 Madison Street in Forest Park (the Madison Property), each the ground-floor retail of a single four-story building with condominiums above. 1 Both buildings had vacant in-line spaces when the offering was written, and no public record fixes the exact closing date of the purchase. 1 The Starbucks at 7231 Madison reopened on July 25, 2024 after roughly two months of renovation. 3
- Reported location
- Oak Park and Forest Park, IL
- Property size
- Approximately 7,705 square feet (Euclid Property) and 16,355 square feet (Madison Property)
How was it financed, and what did it cost to sell?
This Trust carried mortgage debt rather than owning free and clear. The offering material describes a $2,350,000 loan from Parkway Bank and Trust Company placed on February 1, 2012, non-recourse subject to an environmental indemnity — meaning the lender generally looks to the property, not the investors, if the loan defaults. 1
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $239,832 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $386,156 · 11.2% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 12 named in the Form D
Show the firms
- 1st Global Capital Corp. · CRD 30349
- Arete Wealth Management, LLC · CRD 44856
- Cambridge Investment Research, Inc. · CRD 39543
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- Concourse Financial Group Securities, Inc. · CRD 15708
- Independent Financial Group, LLC · CRD 7717
- Inland Securities Corporation · CRD 15807
- Investacorp, Inc. · CRD 7684
- J.P. Turner & Company, L.L.C. · CRD 43177
- Triad Advisors LLC · CRD 25803
- VSR Financial Services, Inc. · CRD 14503
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Mar 28, 2012
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind the Trust?
Inland Private Capital sponsors Delaware Statutory Trust programs for 1031 exchange investors, part of the wider Inland group of real estate companies. On this Trust the master tenant running both buildings was a wholly owned subsidiary of the sponsor's corporate parent, so ownership and day-to-day operation sat inside the same organization. 1 A search of public records through August 2026 turned up no reported sale, refinancing, or full-cycle outcome for this Trust.
- Sponsor
- Offerings on record
What does the SEC record show?
An initial Form D and five later amendments tracked the raise across 2012, the last of them reporting the offering fully subscribed. 2 Interests were sold privately, without general advertising, to accredited investors — people meeting SEC income or net-worth thresholds.
- Legal Trust name
- Chicagoland Street Retail DST
- SEC CIK
- 1545430
- First Form D
- Apr 10, 2012
- Latest Form D
- Aug 23, 2012
- Filings on record
- 6
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $3,426,177 | $3,426,177+$65,959 | 16 | EDGAR | |
| Form D/A | $3,426,177 | $3,360,218+$2,075,018 | 16+5 | EDGAR | |
| Form D/A | $3,426,177 | $1,285,200+$440,000 | 11+3 | EDGAR | |
| Form D/A | $3,426,177 | $845,200+$300,000 | 8+1 | EDGAR | |
| Form D/A | $3,426,177 | $545,200+$470,938 | 7+5 | EDGAR | |
| Form D | $3,426,177 | $74,262 | 2 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Euclid Property and Madison Property?
- Euclid Property and Madison Property is a Historical offering. The last Form D, filed Aug 23, 2012, reports the offering fully sold.
- What does the Trust actually own?
- According to Inland Private Capital's offering material, the Trust indirectly owns the retail portions of two mixed-use buildings in the Chicago area: 701–711 Lake Street in Oak Park (the Euclid Property) and 7231–7255 Madison Street in Forest Park (the Madison Property). Each is a four-story building with ground-floor retail and residential condominiums above; the Trust's interest is in the retail, not the condominiums.
- Who ran the properties day to day?
- The Trust master-leased both properties to Chicagoland Street Retail LeaseCo, L.L.C., a wholly owned subsidiary of the sponsor's parent company, and the existing tenant leases were assigned to that master tenant. Under the master lease the master tenant handled operations, management and maintenance while the Trust remained responsible for capital expenditures.
- Was the Trust leveraged?
- Yes. The offering material describes a mortgage loan from Parkway Bank and Trust Company secured on February 1, 2012, on the two properties, described as non-recourse subject to an environmental indemnity. Leverage in a DST means the property carries debt the investors do not personally guarantee, but which can reduce or eliminate equity value if the property underperforms.
- Has the Trust sold the properties?
- No sale, disposition, or full-cycle result has been located in public records through August 19, 2026. The last SEC filing for this entity is the Form D amendment of August 23, 2012. No outcome has been reported yet, which is common for older DSTs that file nothing after the raise closes.
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.