Gabe Horstick Acquires Mixed-use Property From Bobby Long In Chicago For $1.085M
SOLD
$1,085,000
Illinois
See Similar DealsMixed-use2,400 SF
Sold 01/07/2026
SOLD
Gabe Horstick Acquires Mixed-use Property From Bobby Long In Chicago For $1.085M
2128 North Damen Avenue
See Similar DealsMixed-use2,400 SF
Sold 01/07/2026
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$452
Total Square Footage:2,400 SF
Transaction Type:Sale
A mixed-use property located at 2128 North Damen Avenue in Chicago has been sold for $1,085,000. The asset spans 2,400 square feet, translating to a price per square foot of $452.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $1,085,000
- Sale Date: 01/07/2026
- Buyer: Gabe Horstick
- Seller: Bobby Long
- Broker: Adam Saffro - New Era Chicago, LLC
Adam Saffro of New Era Chicago, LLC represents the broker in this transaction, facilitating the sale between the buyer Gabe Horstick and seller Bobby Long.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,854.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,143.45
Annual Debt Service$61,721.44
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