Gabe Horstick Sells Multifamily Asset At 2008 West Armitage Avenue Chicago For $2,100,000
2008 West Armitage Avenue
$2,100,000
$435/SF
Building Size
4,824 SF
Asset Type
MultiFamily
Closing
May 28, 2026
AI
The asset involved in this transaction is a multifamily property located at 2008 West Armitage Avenue in Chicago. The sale price for this property was $2,100,000, and it offers a total square footage of 4,824, resulting in a price per square foot of $435.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 2008 West Armitage Avenue
- Market: Chicago
- Seller: Gabe Horstick
- Broker: Reed Meyer - Sell312
Gabe Horstick was the seller of the property, and the transaction was facilitated by Reed Meyer representing Sell312 as the broker for the 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93