facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1317 North Ashland Avenue

Gabe Horstick And Alec Greenberg Of Base 3 Development Acquire Multifamily Property In Chicago For $575K
SOLDMultiFamily

Gabe Horstick And Alec Greenberg Of Base 3 Development Acquire Multifamily Property In Chicago For $575K

1317 North Ashland Avenue

$575,000

$70/SF

Building Size

8,220 SF

Asset Type

MultiFamily

Closing

Feb 20, 2025

AI

The asset involved in this transaction is a multifamily property located at 1317 North Ashland Avenue in the Chicago market. It consists of 8 units and has a total square footage of 8,220. The sale price for this property was $575,000, resulting in a per unit price of $71,875 and a price per square foot of $69.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $575,000
  • Units: 8
  • Square Footage: 8,220
  • Price Per Unit: $71,875
  • Price Per Square Foot: $69
  • Buyer: Gabe Horstick & Alec Greenberg - Base 3 Development
  • Buyer's Representative: Matthew Fritzshall - TRITON Realty Group

This deal highlights the involvement of the buyers Gabe Horstick and Alec Greenberg, who represent Base 3 Development in this transaction. The buyer's representative, Matthew Fritzshall from TRITON Realty Group, played a crucial role in facilitating the deal.

Players

Matthew Fritzshall

TRITON Realty Group

Broker

$84.6M

vol

16 deals

Broker
TRITON Realty Group
TRITON Realty GroupBrokerage
Gabriel Horstick

Gabriel Horstick

Base 3 Development

Buyer

$19M

vol

7 deals

Buyer
Base 3 Development
Base 3 DevelopmentBuyer

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

27.59%

Cash-on-Cash

-7.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93