Euclid Property and Madison Property
Mixed-use retail with residential condominiums property in Oak Park and Forest Park, IL — sponsored by Inland Private Capital
Files with the SEC as Chicagoland Street Retail DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Chicagoland Street Retail DST is a closed Delaware Statutory Trust — a structure that lets 1031 exchange investors hold fractional real estate — sponsored by Inland Private Capital. It indirectly owns the retail portions of two mixed-use buildings in Oak Park and Forest Park, Illinois, with residential condominiums on the floors above.1 The offering ran during 2012 and is closed to new investors.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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)
Who is the tenant, and what's the lease?
These are multi-tenant storefront properties rather than a single-tenant building: Starbucks, Jimmy John's, Great Clips and a mix of local operators were in place at the time of the offering.1 The Trust master-leased both properties to Chicagoland Street Retail LeaseCo, an Inland affiliate that operates and maintains them while the Trust carries capital expenditures.1
How did it end?
Sold after 10.1 years; sponsor reported 1.26x
Listed as a completed/full-cycle program on Inland Private Capital's published track record.
The offering memorandum says the trust indirectly owns the retail portions of two mixed-use buildings, with residential condominiums above; the named properties are Euclid Property and Madison Property.
Approximately 7,705 square feet (Euclid Property) and 16,355 square feet (Madison Property)How is it financed, and what does it pay?
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
Who's behind it?
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
- Inland Private Capital
- Legal Trust name
- Chicagoland Street Retail DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 6
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to Euclid Property and Madison Property?
Top1031 lists Euclid Property and Madison Property as historical. It is no longer raising money.
Where does Top1031 get the data for Euclid Property and Madison Property?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in Chicagoland Street Retail DST?
No. This is a historical offering: the raise ran during 2012 and the final Form D amendment, filed August 23, 2012, reported the offering fully subscribed. It is closed to new investors, and Top1031 lists it as a record of what was offered, not as an available exchange option.
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.