facebook
Traded Co logo
Submit

Alex Pappas Purchases 8-Unit Multifamily Property At 1507 W Bryn Mawr Avenue For $3M

Property Image
SOLD
$3,000,000
Joe Smazal
Alex Pappas
Reed Meyer

Illinois

See Similar Deals
MultiFamily8,450 SF
Sold 07/15/2025
the dealplayerscompscontact
Property Image
SOLD

Alex Pappas Purchases 8-Unit Multifamily Property At 1507 W Bryn Mawr Avenue For $3M

1507 West Bryn Mawr Avenue

See Similar Deals
MultiFamily8,450 SF
Sold 07/15/2025
Joe Smazal
Alex Pappas
Reed Meyer
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:8,450 SF
Transaction Type:Sale

A multifamily asset located at 1507 West Bryn Mawr Avenue in Chicago has been sold for $3,000,000. The property consists of 8 units and offers a total square footage of 8,450, resulting in a price per unit of $375,000 and a price per square foot of $355.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 8
  • Address: 1507 West Bryn Mawr Avenue
  • Market: Chicago
  • Buyer: Alex Pappas
  • Seller: Gabe Horstick
  • Buyer's Representative: Joe Smazal - Interra Realty
  • Seller's Representative: Reed Meyer - Base 3 Properties

The transaction was facilitated by Reed Meyer representing the seller, Gabe Horstick, while Joe Smazal represented the buyer, Alex Pappas. This deal reflects the ongoing demand from investors for stabilized assets in strong North Side rental markets.

Players

Joe Smazal
Interra Realty
Joe Smazal
73 deals$596.9M volume
BROKER
Reed Meyer
Lease 312
Reed Meyer
7 deals$13.4M volume(858) 251-7827
BROKER
Interra Realty
Interra Realty
BROKERAGE
BP
Base 3 Properties
BROKERAGE
Alex Pappas
Alex Pappas
4 deals$52.7M volume
BUYER

Details

SOLD
IMAGE: Gabe Horstick, Joe Smazal & Reed Meyer DATE: 07/15/2025 ADDRESS: 1507 West Bryn Mawr Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Alex Pappas SELLER: Gabe Horstick BUYER'S REP: Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty) SELLER'S REP: Reed Meyer - Base 3 Properties SALE PRICE: $3,000,000 UNITS: 8 ~ PPU: $375,000 SF: 8,450 ~ PPSF: $355 NOTE FROM SELLER'S REP: A $3,000,000 multifamily sale has closed at 1507 W Bryn Mawr in Chicago’s Andersonville neighborhood. The 8-unit property was sold by Gabe Horstick, represented by Reed Meyer as the seller’s broker. Joe Smazal represented the buyer, Alex Pappas. The transaction highlights continued investor demand for stabilized assets in strong North Side rental markets.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37