Gabe Horstick Alec Greenberg And Ted Horstick Purchase Multifamily Asset At 2244 North Halsted Street For $1.62M
2244 North Halsted Street
$1,620,188
$267/SF
Building Size
6,060 SF
Asset Type
MultiFamily
Closing
Oct 20, 2025
AI
The multi-family asset located at 2244 North Halsted Street in Chicago was sold for $1,620,188. The property has a total square footage of 6,060 and a price per square foot of $267.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,620,188
- Address: 2244 North Halsted Street
- Market: Chicago
- Square Footage: 6,060
- Price Per Square Foot: $267
- Buyer: Gabe Horstick, Alec Greenberg & Ted Horstick
- Seller: Mark Reiter
- Brokers: Matthew Fritzshall & Harrison Cohen - TRITON Realty Group
The transaction involved multiple buyers, specifically Gabe Horstick, Alec Greenberg, and Ted Horstick, purchasing the property from seller Mark Reiter, facilitated by brokers Matthew Fritzshall and Harrison Cohen who represent TRITON Realty Group in the deal.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93