Retail · Chicago, Illinois
2901-11 North Sheffield
2901-11 North Sheffield is financed with a $3.9M CMBS loan at 4.90% that reaches maturity on December 6, 2026, in 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $3,945,416
- Original balance (same notes)
- $4,450,000
- Interest rate
- 4.90% fixed
- Originated
- November 22, 2016
- Maturity
- December 6, 2026
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- March 5, 2019
- Prepayment premium ends
- September 5, 2026
- Master servicer
- Midland
- Originator
- CGMRC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2901-11 North Sheffield Avenue, Chicago, IL 60657
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 16,843 sq ft
- Built
- 1920, renovated 2016
- Largest tenants
- River Partners Chicago 16843
- Value at securitization
- $6.5M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.88x | 1.58x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $416K | $902K |
| Debt yield | 22.9% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the CD 2017-CD3 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x or more from securitization
- Matures within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 117% above the underwritten figure ($902K a year against $416K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.88x at securitization to 1.58x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $3.9M | Current | No | 1.58x | 100% |
| September 2026 | $4.0M | Current | No | 1.58x | 100% |
| August 2026 | $4.0M | Current | No | 1.58x | 100% |
| July 2026 | $4.0M | Current | No | n/a | n/a |
| June 2026 | $4.0M | Current | No | n/a | n/a |
| May 2026 | $4.0M | Current | No | n/a | n/a |
| April 2026 | $4.0M | Current | No | 1.77x | 100% |
| March 2026 | $4.0M | Current | No | 1.77x | 100% |
| February 2026 | $4.0M | Current | No | 1.64x | 100% |
| January 2026 | $4.0M | Current | No | 1.64x | 100% |
| December 2025 | $4.0M | Current | No | 1.64x | 100% |
| November 2025 | $4.0M | Current | No | 1.64x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2017-CD3 Mortgage Trust | 48 | $3,945,416 | Oct 2026 | SEC filing, October 22, 2026 |
Other Chicago-Naperville-Elgin loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aon Center | Chicago, IL | Office | $136.0M | 4.627% | Jul 2026 | 4.11x | 66% | Past maturity and not performing |
| Riverway | Rosemont, IL | Office | $114.6M | 4.96% | Dec 2026 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Gurnee Mills | Gurnee, IL | Retail | $89.0M | 3.99% | Oct 2026 | 2.27x | 91% | Current |
| 181 West Madison Street | Chicago, IL | Office | $84.4M | 3.90% | Dec 2026 | n/a | n/a | With the special servicer |
| 625 North Michigan Avenue | Chicago, IL | Office | $50.6M | 4.63% | Mar 2026 | 1.33x | 64% | Past maturity and not performing |
| Mariano's - Bronzeville | Chicago, IL | Retail | $19.0M | 4.155% | Nov 2026 | n/a | n/a | Current |
| Cicero Industrial | Cicero, IL | Industrial | $16.7M | 4.25% | Nov 2026 | 3.22x | 93% | Current |
| 2233 South Throop Street | Chicago, IL | Industrial | $15.0M | 3.34% | Oct 2026 | 3.09x | 100% | Current |
All loans maturing in 2026 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.