Gabe Horstick Sells Mixed-use Property At 2721 West Division Street Chicago For $1,487,000
2721 West Division Street
$1,487,000
$235/SF
Building Size
6,306 SF
Asset Type
Mixed-use
Closing
May 5, 2026
AI
The mixed-use asset located at 2721 West Division Street in Chicago has been sold for a transaction amount of $1,487,000. The property encompasses a total area of 6,306 square feet, translating to a price per square foot of $235.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,487,000
- Address: 2721 West Division Street
- Market: Chicago
- Square Footage: 6,306
- Price Per Square Foot: $235
- Seller: Gabe Horstick
- Broker: Reed Meyer - Lease 312
Gabe Horstick was the seller involved in this transaction, while the representation for the sale was provided by Reed Meyer from Lease 312, underscoring the role of brokerage in this deal.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.67%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93