Drew Breneman Acquires Multifamily Asset In Chicago From Gabe Horstick & Alec Greenberg For $17.5M

The property asset involved in this transaction is a multifamily building located at 3821 North Ashland Avenue in Chicago. The sale price was $17,500,000, with a size of 44,819 square feet, resulting in a price per square foot of $390.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Address: 3821 North Ashland Avenue
• Market: Chicago
• Size: 44,819 SF
• Price per SF: $390
• Buyer: Drew Breneman
• Seller: Gabe Horstick & Alec Greenberg - Base 3 Development
• Date of Transaction: 06/24/2025

This transaction involved key individuals: Drew Breneman as the buyer and Gabe Horstick and Alec Greenberg from Base 3 Development acting as the sellers. Their roles were pivotal in finalizing the deal on the specified date.