Gabe Horstick Sells Multifamily Asset At 2008 West Armitage Avenue Chicago For $2,100,000
SOLD
$2,100,000
Illinois
See Similar DealsMultiFamily4,824 SF
Sold 05/29/2026
SOLD
Gabe Horstick Sells Multifamily Asset At 2008 West Armitage Avenue Chicago For $2,100,000
2008 West Armitage Avenue
See Similar DealsMultiFamily4,824 SF
Sold 05/29/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$435
Total Square Footage:4,824 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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