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1838 West Augusta Boulevard

Gabe Horstick Acquires Multifamily Property In Chicago For $1.45M
SOLDMultiFamily

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.

Players

Gabriel Horstick

Base 3 Development

Broker

$19M

vol

7 deals

Broker

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