John Doe Acquires Multifamily Property From Gabe Horstick In Chicago For $1.335M
1617 North Fairfield Avenue
$1,335,000
$310/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Mar 23, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 1617 North Fairfield Avenue in Chicago. The sale price of the property was $1,335,000, covering a total square footage of 4,300, resulting in a price per square foot of $310.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,335,000
- Address: 1617 North Fairfield Avenue
- Market: Chicago
- Square Footage: 4,300
- Price Per Square Foot: $310
- Buyer: John Doe
- Seller: Gabe Horstick
- Broker: Reed Meyer - Lease 312
This transaction involved John Doe as the buyer and Gabe Horstick as the seller, with Reed Meyer representing the seller through Lease 312 in this deal, marking a significant step in the real estate market within the Chicago area.
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
11.88%
Cash-on-Cash
-3.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93