22
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$324,900
Est. payment /mo
5,400 SqFt
Active Under Contract
5351 W Madison ST Chicago, IL 60644
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $60
MLS Listing ID 12395609
Year Built 1900
Annual Tax Amount $5,485
Tax Year 2023
Lot Dimensions 50X130
Property Sub-Type Mixed Use
Property Description
WOW! Long time (30+ year) owner offers this large 5400 square foot, well maintained, well managed and fully occupied all brick Mixed Use property that generates a solid $3,346/month ($40,152/year) positive cash flow (using accurate numbers including all operating expenses, taxes, etc.)! Long time tenants are three commercial spaces (barber school, a take-out restaurant, office) and four apartments consisting of a 2-bedroom unit and three studios. The commercial tenants pay their own electric. Fully fenced lot with plenty of parking. Plenty of road and foot traffic on Madison Street.
Location
State IL
County Cook
Area Chi - Austin
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Anthony Monteleone • RE/MAX All Pro
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