2640 W Madison Avenue Chicago, IL ^$ 795,000

2640 W Madison Avenue

^$ 795,000

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2640 W Madison Avenue

Chicago, IL, 60612

^$ 795,000

Studio Baths0.0 Sq 6,900

Monthly Estimate*

^$ 5,553

2640 W Madison Avenue, Chicago, IL 60612 - Image 1

2640 W Madison Avenue, Chicago, IL 60612 - Image 2

2640 W Madison Avenue, Chicago, IL 60612 - Image 3

2640 W Madison Avenue, Chicago, IL 60612 - Image 4

2640 W Madison Avenue, Chicago, IL 60612 - Image 5

2640 W Madison Avenue, Chicago, IL 60612 - Image 6

Studio

Commercial Property for sale in Chicago, IL

for $795,000. This 6,900 square foot building was built in 1925 on a lot size of 0.459137.

Commercial Active

Price

^$ 795,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 25,000

Style

Lot Size

0.459137

Year Built

1925

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11471285

Features

General

Cooling None

Construction Materials Brick

Year Built 1925

Electric Service - 201 to 600 Amps

Tenant Pays Varies by Tenant

Stories 1

Property SubType Manufacturing / Warehousing

Tax Year 2020

Gross Income 90000

County Cook

Net Operating Income 28000

Operating Expense 2800

Property Type Commercial Sale Industrial

Possible Use Commercial Industrial

Status Active

Directions from the east-west on madison to 2640 from the west-east on madison to 2640

City Chicago

Total Units 1

MLS Area CHI - East Garfield Park

Lot Size Square Feet 20000

Street Name Madison

Tax Annual Amount 25000

Additional Parcels Y/N Y

Leasable Area 6900

Days on Market 623

Standard Status Active

Exterior

Building Area Total 6900

Lot Dimensions 75X100

Frontage Type City Street

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Patrick Commercial Real Estate

Broker

richard@patrickcommercial.com

Affordability Calculator

$7,637

Per Month

Monthly Principal & Interest: $5,553
Monthly Property Taxes: $2,083
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$833,097

Percent of Sale Price 5%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$795,000	-11.47%	Price Down
12/30/2023	$898,000	-0.11%	Price Down
2/27/2023	$899,000	-10.01%	Price Down
7/21/2022	$999,000		Listed Price

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2640 W Madison Avenue, Chicago, IL, 60612 is a Commercial Property for sale at $795,000 with 6,900 sqft and a lot size of 0.459137. 2640 W Madison Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 60612 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/30/2024.

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2640 W Madison Avenue

Commercial Property for sale in Chicago, IL

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