John Doe Acquires Multifamily Property From Gabe Horstick In Chicago For $1.335M
SOLD
$1,335,000
Illinois
See Similar DealsMultiFamily4,300 SF
Sold 03/24/2026
SOLD
John Doe Acquires Multifamily Property From Gabe Horstick In Chicago For $1.335M
1617 North Fairfield Avenue
See Similar DealsMultiFamily4,300 SF
Sold 03/24/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:4,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,742.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,328.58
Annual Debt Service$75,942.97
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