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2450 West Chicago Avenue

Nicholas Perrino Purchases Multifamily Property From Gabe Horstick In Chicago For $1.654M
SOLDMultiFamily

Nicholas Perrino Purchases Multifamily Property From Gabe Horstick In Chicago For $1.654M

2450 West Chicago Avenue

$1,654,000

$291/SF

Building Size

5,667 SF

Asset Type

MultiFamily

Closing

Jul 29, 2025

AI

This transaction involves a multifamily property located at 2450 West Chicago Avenue in the Chicago market. The sale price of the property was $1,654,000, consisting of 6 units. The property has a total square footage of 5,667, resulting in a price per unit of $275,666 and a price per square foot of $291.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,654,000
  • Address: 2450 West Chicago Avenue
  • Market: Chicago
  • Units: 6
  • Price Per Unit: $275,666
  • Square Footage: 5,667
  • Price Per Square Foot: $291
  • Buyer: Nicholas Perrino
  • Seller: Gabe Horstick
  • Broker: Reed Meyer - Base 3 Properties

The key individuals in this transaction include the buyer, Nicholas Perrino, and the seller, Gabe Horstick, who was represented in this deal by broker Reed Meyer from Base 3 Properties. This collaboration facilitated the successful exchange of the property.

Players

Reed Meyer

Lease 312

Broker

$13.4M

vol

7 deals

Broker
BP
Base 3 PropertiesBrokerage

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

9.59%

Cash-on-Cash

-2.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93