2217 West Madison Street Chicago, IL 60612

$13,999,000
0.49
Acres
$13,999,000
Favorite

new 5 hrs ago
1/16
Street View

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.

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.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Near West Side
  • Tax Amount
    $192,581
  • Status
    Active
  • Listing #
    12200392
  • Built
    2019
  • Lot Size
    0.49
  • Listed on site
    5 hours

Listed by:
North Clybourn Group, Inc.

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of North Clybourn Group, Inc..
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
Favorite

Tour This Home

Wed
30Oct
Thu
31Oct
Fri
01Nov
Sat
02Nov
Sun
03Nov
Mon
04Nov
Tue
05Nov
Wed
06Nov
Thu
07Nov
Fri
08Nov
Sat
09Nov
Sun
10Nov
Mon
11Nov
Tue
12Nov
in Person
via Video Call