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
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:
- Property Type: Multi Family
- Transaction Amount: $5,180,000
- Address: 4234 North Western Avenue
- Market: Chicago
- Square Footage: 24,512
- Price per Square Foot: $211
- Buyer: Gabe Horstick & Alec Greenberg
- Seller: Patrick Fitzgerald
- Brokers: Lee Kiser & William Sprinkman - Kiser Group
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.
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
3.06%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93