Gabe Horstick Acquires Multifamily Property In Chicago For $1.45M
1838 West Augusta Boulevard
$1,455,000
$259/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Feb 12, 2024
AI
The multifamily property located at 1838 West Augusta in Chicago was sold by Gabe Horstick for $1,455,000. The property comprises 6 units with a price per unit of $242,500 and spans 5,600 square feet, equating to a price per square foot of $260.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,455,000
- Units: 6
- Square Footage: 5,600
- Price per Unit: $242,500
- Price per Square Foot: $260
- Address: 1838 West Augusta
- Market: Chicago
Gabriel Horstick from Base 3 Development represented Gabe Horstick in the sale of the multifamily property at 1838 West Augusta. The brokerage services provided by Gabriel Horstick facilitated the successful transaction in the Chicago market.
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.90%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93