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
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