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4234 North Western Avenue

Updated Oct 14, 2026

Gabe Horstick And Alec Greenberg Acquire Multifamily Asset In Chicago For $5.18M
SOLDMultiFamily

Gabe Horstick And Alec Greenberg Acquire Multifamily Asset In Chicago For $5.18M

4234 North Western Avenue

$5,180,000

$211/SF

Building Size

24,512 SF

Asset Type

MultiFamily

Closing

Jan 14, 2026

About this deal

AI

The property asset involved in the transaction is located at 4234 North Western Avenue in Chicago, categorized as a Multi Family asset type. The sale was finalized at a price of $5,180,000, with a total square footage of 24,512 and a price per square foot of $211.

Summary of transaction details:

The transaction involved Gabe Horstick and Alec Greenberg acting as the buyers, while Patrick Fitzgerald served as the seller. The Kiser Group, represented by Lee Kiser and William Sprinkman, facilitated the deal, ensuring the transaction proceeded smoothly and effectively.

On the Map

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$5,180,000

$211/SF

MultiFamily

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Players

Lee Kiser

Kiser Group

Broker

$186M

vol

13 deals

Broker

Alec Greenberg

Buyer

$37.3M

vol

8 deals

Buyer

Patrick Fitzgerald

Seller
Seller
Bilt advertisement

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $211 per square foot on a published $5.2M for 24,512 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.06%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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