Gabe Horstick Alec Greenberg And Ted Horstick Purchase Multifamily Asset At 2244 North Halsted Street For $1.62M
SOLD
$1,620,188
Illinois
See Similar DealsMultiFamily6,060 SF
Sold 10/21/2025
SOLD
Gabe Horstick Alec Greenberg And Ted Horstick Purchase Multifamily Asset At 2244 North Halsted Street For $1.62M
2244 North Halsted Street
See Similar DealsMultiFamily6,060 SF
Sold 10/21/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$267
Total Square Footage:6,060 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,410.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,756.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,680.52
Annual Debt Service$92,166.21
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