Gabe Horstick And Alec Greenberg Acquire Multifamily Asset In Chicago For $5.18M
SOLD
$5,180,000
Illinois
See Similar DealsMultiFamily24,512 SF
Sold 01/14/2026
SOLD
Gabe Horstick And Alec Greenberg Acquire Multifamily Asset In Chicago For $5.18M
4234 North Western Avenue
See Similar DealsMultiFamily24,512 SF
Sold 01/14/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:24,512 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$276,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,403.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,555.84
Annual Debt Service$294,670.11
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