Noah Birk, Aaron Sklar & Dan Gonzalez Of BSG Properties Acquire Multifamily Asset In Chicago For $7.8M
SOLD
$7,800,000
Illinois
See Similar DealsMultiFamily24,500 SF
Sold 12/23/2025
SOLD
Noah Birk, Aaron Sklar & Dan Gonzalez Of BSG Properties Acquire Multifamily Asset In Chicago For $7.8M
2042 West Irving Park Road
See Similar DealsMultiFamily24,500 SF
Sold 12/23/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:24,500 SF
Transaction Type:Sale
The multifamily asset involved in this transaction is located at 2042 West Irving Park Road in the Chicago market. The property comprises 20 units, providing a total square footage of 24,500. The sale was completed for a transaction amount of $7,800,000, resulting in a price per unit of $390,000 and a price per square foot of $318.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Address: 2042 West Irving Park Road
- Market: Chicago
- Units: 20
- Square Footage: 24,500
- Price Per Unit: $390,000
- Price Per Square Foot: $318
The buyer group for this transaction includes Noah Birk, Aaron Sklar, and Dan Gonzalez, representing BSG Properties. The seller is Gabriel Horstick from Base 3 Development, while the broker facilitating the sale is Matthew Fritzshall from TRITON Realty Group.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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