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919 West Sheridan Road

Gabe Horstick And Alec Greenberg Acquire Chicago Multifamily For $4 Million From Marlene Bennett
SOLDMultiFamily

Gabe Horstick And Alec Greenberg Acquire Chicago Multifamily For $4 Million From Marlene Bennett

919 West Sheridan Road & 3817 North Fremont Street

$4,000,000

$181/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Jul 30, 2025

AI

The property asset involves a multifamily building located at 919 West Sheridan Road and 3817 North Fremont Street in the Chicago market. The transaction was finalized at a sale price of $4,000,000, encompassing a total of 22,000 square feet, which results in a price per square foot of $182.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Address: 919 West Sheridan Road & 3817 North Fremont Street
  • Market: Chicago
  • Buyer: Gabe Horstick & Alec Greenberg - Base 3 Development
  • Seller: Marlene Bennett
  • Broker: Bill Cassin - Apartment Investment Advisers

This transaction was facilitated by Gabe Horstick and Alec Greenberg, who represent Base 3 Development as the buyers. The seller of the property, Marlene Bennett, engaged Bill Cassin from Apartment Investment Advisers to manage the brokerage for the deal.

Players

Bill Cassin

Apartment Investment Advisers

Broker

$41.9M

vol

7 deals

Broker
Apartment Investment Advisers
Apartment Investment AdvisersBrokerage
Base 3 Development
Base 3 DevelopmentBuyer

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93