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937 West Cornelia Avenue

Alec Greenberg And Gabe Horstick Acquire Multifamily Property In Chicago For $5.775M
SOLDMultiFamily

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

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.

Players

Sean Connelly

33 Realty

Broker

$125.7M

vol

9 deals

Broker
Alec Greenberg

Alec Greenberg

Buyer

$7.2M

vol

2 deals

Buyer

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