Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60612
Madison
2217
Street
E0° 0' 0''
N0° 0' 0''
Madison just west of Leavitt on the southside of the street
CHI - Near West Side
CHI - Near West Side
W
W
MULTI
Additional Information
: Brick , Concrete
: Multi-Family
Circuit Breakers,Separate Meters,Over 600 Amps
Circuit Breakers,Separate Meters,Over 600 Amps
: Concrete Perimeter
21,384 SQFT
46
46
4
North Clybourn Group, Inc.
Karen Biazar
Financial
192581
Listing Information
Staci Slattery
12604
North Clybourn Group, Inc.
125093
12604
MRED
Listing Information
148835
12604
North Clybourn Group, Inc.
Active
2024-09-17T15:35:01Z
2024-06-17T05:05:28Z
Property Description

46-unit multifamily asset in the rapidly developing neighborhood of United Center/Near West Side. Professionally managed and Fully staibilized this property has approximately 40,500 RSF, containing a mixture of two-bedroom/two bath and one-bedroom/ one bath apartments, with two elevator bays, 1:1 attached garage parking and common rooftop deck. Gross Monthly Income of $99,799 priced at 6.2% Cap Rate. Pro Forma at 7.1% Cap Rate. Completed in 2020 to an elevated standard all units are inclusive of stainless-steel appliances, quartz countertops, all new plumbing and electrical systems, in-unit laundry, custom outfitted closets, window treatments and more. With the United Center and Medical District just blocks away and the new Green Line stop at Damen and Lake opening late summer 2024, the Near West Side is a highly trafficked area that includes easy access to grocery stores, bars, restaurants, hotels, and various other entertainment options with much upside on the horizon. In addition to the new Green Line Station and being on a major bus route, the subject property offers tenants excellent transportation options via the Dan Ryan, Eisenhower & Blue Line stations.

Commercial Sale For Sale

2217 W Madison Street, Chicago, Illinois 60612

$13,999,000
Listing ID#12081281
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12081281
Price : $13,999,000
Year Built : 2019
Listing Status : Active
Roof
Roof : Rubber
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