Gabe Horstick Acquires Multifamily Property In Chicago For $1.45M
SOLD
$1,455,000
Illinois
See Similar DealsMultiFamily5,600 SF
Sold 02/12/2024
SOLD
Gabe Horstick Acquires Multifamily Property In Chicago For $1.45M
1838 West Augusta Boulevard
See Similar DealsMultiFamily5,600 SF
Sold 02/12/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:5,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,169.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,897.44
Annual Debt Service$82,769.31
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