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2217 W Madison Street
Chicago IL 60612 US

$13,999,000

Pending Listing ID 12200392
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$13,999,000

Pending Listing ID 12200392
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2217 W Madison Street 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Roof Type: Rubber

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 13999000
  • unparsedaddress: 2217 W Madison Street
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60612
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.881087
  • longitude: -87.681911
  • listagentfullname: Karen Biazar
  • listagentemail: karen@northclybourngroup.com
  • listagentkey: 3yd-MREDIL-125093
  • listagentmlsid: 125093
  • listagentpreferredphone: 7736457900
  • listagentofficephone: 7732520600
  • listofficekey: 3yd-MREDIL-12604
  • listagentstatelicense: 471003309
  • listofficemlsid: 12604
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 2019
  • listingcontractdate: 2024-10-30
  • listagenturl: http://www.ncgchicago.com
  • countyorparish: Cook
  • parcelnumber: 17181010110000
  • constructionmaterials: Brick, Other
  • numberofunitstotal: 46
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Rubber
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.68191, 41.88109
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"North Clybourn Group, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"karen@northclybourngroup.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ca@ncgchicago.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"North Clybourn Group, Inc.", "ListBrokeragePhone":"(773) 252-0600", "ListBrokeragePostalCode":"60647", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2324 W North Ave.", "ListBrokerageWebsiteUrl":"http://www.ncgchicago.com", "ListOfficeAddress1":"2324 W North Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"148835", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"ca@ncgchicago.com", "ListOfficePostalCode":"60647", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12200392/?channel=rexren", "MLSModificationTimestamp":"2024-12-06T14:39:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - Near West Side"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":192581, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/14/2024 12:14:06 AM GMT
Source Updated Date: 12/25/2024 6:47:41 AM GMT

Courtesy of: Karen Biazar, North Clybourn Group, Inc., karen@northclybourngroup.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.