4952 W Madison St - Apartments FOR SALE


Chicago, IL 60644- Austin
$2,450,000 USD
312-351-1111
4952 W Madison St, Chicago, IL for Sale
$2,450,000 USD
Apartments - FOR SALE
1/35
null | 10.05% Cap Rate

4952 W Madison St
Chicago, IL 60644
Austin


HIGHLIGHTS

  • 100% Master-Leased Investment Opportunity with a single, well-funded nonprofit tenant occupying the entire building.
  • Long-Term Income Stability through an existing master lease extending until 2034.
  • Extension Option Included with a one 5-year renewal option available to the tenant.
  • Fully Renovated Asset 2019-2020 renovation, including: New electrical systems Copper plumbing HVAC upgrades Modernized kitchens and bathrooms
  • Single-Program Facility Operation with the entire property operated as one cohesive facility rather than multiple individual tenancies.

OVERVIEW

4952 W Madison is a 1924-built, three-story masonry walk-up in the Austin neighborhood on Chicago's West Side — 23 total units — 22 residential above roughly 3,500 SF of ground-floor commercial space. The entire building is master leased to a well-funded nonprofit through 2034, with one five-year extension option and 3% annual escalations. The tenant carries gas, electric, and most repairs. A 2019–2020 gut renovation delivered new electrical, copper plumbing, HVAC, kitchens, and baths.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

22

PRICE/UNIT

$111,364

CAP RATE

10.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C1-2

APN/PARCEL ID

16-09-427-019-0000

ASK ABOUT THIS PROPERTY

Phillip Gross33 RealtyMore Info
312-351-1111

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Phillip Gross33 RealtyMore Info
312-351-1111

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