4912 W Madison Street Chicago, IL ^$ 784,000

4912 W Madison Street

^$ 784,000

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4912 W Madison Street

Chicago, IL, 60644

^$ 784,000

Studio Baths0.0 Sq 7,965

Monthly Estimate*

^$ 5,476

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Studio

Commercial Property for sale in Chicago, IL

for $784,000. This 7,965 square foot building was built in 1919 on a lot size of 0.200872.

NOW LEASING AS WELL! Completely rehabbed retail opportunity in South Austin, minutes from I-290. Truss building, 11 ft. ceilings with fully open floor plan and 50'+ frontage along Madison Street. Newly finished epoxied concrete floors, two brand-new HVAC units on the roof, all major systems are brand new. Perfect for any business and floor plan design. Walls are insulated for custom installation of outlets, fixtures and wall finishes. Metered for single or divided use. Potential to occupy 51% of the space and lease out the rest for SBA loans. Daily traffic count 14,500+ with easy street parking. Handicap accessible restrooms. Targeted growth area with a new senior center and a community center. Perfect for walk-in business, storage or corporate/office space. Convenient location for any business and CTA accessible. Mayor's Invest South/West initiative opportunity zone.

Commercial Active

Price

^$ 784,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,568

Style

Lot Size

0.200872

Year Built

1919

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11627952

Features

General

Cooling Central Air

Possession Immediate

Zoning COMMR

Construction Materials Brick

Year Built 1919

Electric Service - 201 to 600 Amps Three Phase

Tenant Pays Other

Stories 1

Township Stickney

Property SubType Neighborhood Storefront

Tax Year 2021

County Cook

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status Active

Directions Cicero Avenue north to Madison Street west. Building on your right.

City Chicago

MLS Area CHI - Austin

Lot Size Square Feet 8750

Street Name Madison

Tax Annual Amount 12568

Additional Parcels Y/N N

Leasable Area 7965

Days on Market 591

Lease Type Modified Gross

Standard Status Active

Interior

Flooring Concrete

Street Suffix Street

Exterior

Building Area Total 7965

Lot Dimensions 175X50

Frontage Type City Street

Exterior Brick

* Excluded Features

List By

Re/Max 10 In The Park

Broker

evelyn.heirigs@gmail.com

Affordability Calculator

$6,524

Per Month

Monthly Principal & Interest: $5,476
Monthly Property Taxes: $1,047
Monthly Home Insurance: --

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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 6%

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
9/26/2023	$784,000	-1.26%	Price Down
4/13/2023	$794,000	-0.63%	Price Down
9/13/2022	$799,000		Listed Price

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4912 W Madison Street, Chicago, IL, 60644 is a Commercial Property for sale at $784,000 with 7,965 sqft and a lot size of 0.200872. 4912 W Madison Street is a studio with 0.0 baths and was built in 1919. The property's zip code is 60644 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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Data is updated as of 4/29/2024.

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4912 W Madison Street

Commercial Property for sale in Chicago, IL

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