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1418 West Blackhawk Street

Gabe Horstick And Alec Greenberg Sell Multifamily Asset In Chicago For $2.15M
SOLDMultiFamily

Gabe Horstick And Alec Greenberg Sell Multifamily Asset In Chicago For $2.15M

1418 West Blackhawk Street

$2,150,000

$220/SF

Building Size

9,762 SF

Asset Type

MultiFamily

Closing

Dec 21, 2025

AI

The multifamily property located at 1418 West Blackhawk Street in Chicago has been sold for $2,150,000. This building encompasses a total square footage of 9,762, resulting in a price per square foot of $220.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Address: 1418 West Blackhawk Street
  • Market: Chicago
  • Square Footage: 9,762
  • Price Per Square Foot: $220
  • Seller: Gabe Horstick & Alec Greenberg
  • Broker: Reed Meyer - Lease 312

The transaction involved sellers Gabe Horstick and Alec Greenberg, who executed the sale with the assistance of their broker, Reed Meyer from Lease 312, representing the sellers in this multifamily asset deal.

Players

Reed Meyer

Lease 312

Broker

$13.4M

vol

7 deals

Broker

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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93