Property for Sale: 2217 W Madison, Chicago, IL 60612

$13,999,000
$13,999,000
2217 W Madison, Chicago, IL 60612
$13,999,000
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Price:
$13,999,000

Type Commercial
Year Built 2019

City Chicago
County Cook

MLS 12200392
Status Pending
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. 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.

Lot & Building Features

Construction Brick, Concrete
Cooling Central Air
Tax Year 2022
Lot Dimensions 21,384 SQFT ft

Price History of 2217 Madison, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $13,999,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Cheryl Cronin
Direct: 708-237-7799
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by North Clybourn Group, Inc., Karen Biazar & Staci Slattery
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

2217 Madison (MLS #12200392) is a commercial listing located in Chicago, IL. This property was listed on 10/30/2024 and has been priced for sale at $13,999,000.

Nearby zip codes are 60608, 60622, 60624, 60645 and 60647.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: North Clybourn Group, Inc.