1104 W Madison St - Storefront Retail/Residential FOR SALE


Chicago, IL 60607- West Loop
$3,125,000 USD
773-293-5090
1104 W Madison St, Chicago, IL for Sale
$3,125,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.25% Cap Rate

1104 W Madison St
Chicago, IL 60607
West Loop


HIGHLIGHTS

  • 6.25% Cap Rate At List Price
  • Full Gut Renovation in 2016
  • High-End Condo Quality Finishes Throughout
  • Prime West Loop Location

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 1104 W. Madison, a gut-renovated five (5) unit mixed-use building located in the heart of Chicago’s highly sought-after West Loop neighborhood.** The property is ideally positioned along Madison Street, offering immediate access to the area’s vibrant retail and dining corridor. Residents benefit from close proximity to the nearby CTA Blue Line, providing seamless connectivity to downtown Chicago and O’Hare International Airport. Additionally, the property is just a short walk to Fulton Market, one of the city’s most dynamic and rapidly growing districts, known for its premier restaurants, nightlife, and corporate presence. 1104 W. Madison features a desirable and diverse unit mix consisting of one (1) 3Bd/2Ba, three (3) 2Bd/2Ba units, and one (1) commercial space. The building underwent a complete gut renovation in 2016 and offers condo-quality finishes throughout. Residential units feature open-concept layouts with modern kitchens, granite countertops, and stainless steel appliances. Each unit is equipped with individual furnaces, hot water tanks, and in-unit laundry, providing tenants with both comfort and convenience. 1104 W. Madison presents investors with a rare opportunity to acquire a stabilized, cash-flowing asset in one of Chicago’s most rapidly appreciating neighborhoods. A new owner will benefit from a strong, established tenant base and immediate returns, with an in-place cap rate of 6.25% and a net operating income of $195,000.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,006 SF

ZONING

DX-3

APN/PARCEL ID

17-08-444-032-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.