Updated Apr 9, 2026
Alec Greenberg And Gabe Horstick Acquire Multifamily Property In Chicago For $5.775M
937 West Cornelia Avenue
$5,775,000
$288/SF
Building Size
20,020 SF
Asset Type
MultiFamily
Closing
Mar 30, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 937 West Cornelia Avenue in Chicago. It sold for $5,775,000, encompassing a total square footage of 20,020, which equates to a price per square foot of $288.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,775,000
- Address: 937 West Cornelia Avenue
- Market: Chicago
- Square Footage: 20,020
- Price per Square Foot: $288
- Buyer: Alec Greenberg & Gabe Horstick
- Seller: John Doe
- Brokers: Sean Connelly & Liam Moore - 33 Realty
The transaction showcases Alec Greenberg and Gabe Horstick as the buyers, while John Doe is the seller. The deal was facilitated by brokers Sean Connelly and Liam Moore from 33 Realty, highlighting the collaboration within the real estate brokerage sector during this transaction.
On the Map
$5,775,000
$288/SF
MultiFamily
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Players
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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93