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4952 W Madison St
Chicago, IL 60644 Austin

$2,450,000 USD

Apartments For Sale  •  28,233 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,233 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1924
  • Zoning C1-2
70 Transit Score
80 Walk Score

Highlights

100% Master-Leased Investment Opportunity with a single, well-funded nonprofit tenant occupying the entire building.
Long-Term Income Stability through an existing master lease extending until 2034.
Extension Option Included with a one 5-year renewal option available to the tenant.
Fully Renovated Asset 2019-2020 renovation, including: New electrical systems Copper plumbing HVAC upgrades Modernized kitchens and bathrooms
Single-Program Facility Operation with the entire property operated as one cohesive facility rather than multiple individual tenancies.

Amenities

  • Air Conditioning
  • Business Center
  • Heating
  • Basketball Court
  • Kitchen
  • Refrigerator
  • Range
  • Carpet
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Grand/Cicero Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 2.7 mi
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.8 mi
Transit/SubwayDriveWalkDistance
Cicero Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.7 mi
Laramie Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 20 min - 8.0 mi
Chicago O'Hare International 46 min - 15.9 mi
Phillip Gross 312-351-1111 33 Realty
Phillip Gross 312-351-1111 33 Realty