Save
Ask
Tour
Hide
Share
$13,999,000
36 Days Online

2217 W Madison Street
Chicago, IL 60612

For Sale|Multi-Family|Active
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc. 773-252-0600
Call Now: 847.669.4010
Is this the home for you? We can help make it yours.
847.669.4010
2217 W Madison Street2217 W Madison Street2217 W Madison Street2217 W Madison Street
Save
Ask
Tour
Hide
Share

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. Gross 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.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$13,999,000
Days Online 
36 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2019
MLS® Number 
12081281
Status 
Active
Property Tax 
$192,581
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Construction 
BrickConcrete
Electric 
Circuit Breakers
Number of Stories 
4
Foundation 
Concrete Perimeter
Zoning 
MULTI
Number Of Stories 
4
Interior Features
Cooling 
Central Air
Save
Ask
Tour
Hide
Share
Exterior Features
Roof 
Rubber
Construction Details 
BrickConcrete
Community Features
MLS Area 
CHI - Near West Side
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc. 773-252-0600



Based on information submitted to the MLS GRID as of 2024-07-18 01:55 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-07-18 01:55 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share