2217 West Madison Street
$13,999,000
60
61
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Description
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. 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...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. 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.
- Listed by Karen Biazar • North Clybourn Group, Inc.
- Listed by Staci Slattery • North Clybourn Group, Inc.
Property Details for 2217 West Madison Street
Area
CHI - Near West Side
ZoningMULTI
LISTING UPDATED: 11/05/2024 12:07 AM
Property Details for 2217 West Madison Street
Status | Active |
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MLS # | 12200392 |
Days on Market | 22 |
Taxes | $192,581 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 2019 |
Lot Size | 0.49 AC / 21,384 SF |
County | Cook County |
Building Information for 2217 West Madison Street
Stories4Residences46Year Built2019Building Size-Lot Size0.49 AC / 21,384 SF
Property Information for 2217 West Madison Street
Property History for 2217 West Madison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2217 West Madison Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dett Elementary School PublicPK to 8 | ||
Marshall Metropolitan High School Public9 to 12 | ||
Chicago Bulls College Prep Charter9 to 12 | ||
CRANE MEDICAL PREP HS Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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