3822 West Madison Street
$225,000
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Description
This property offers a unique mixed-use opportunity with both commercial and residential components. The apartment features approximately 1,000+ square feet of living space, with 3 bedrooms and 1 bathroom. The commercial portion of the property comprises approximately 1,400+ square feet and is currently being utilized as a saloon, with customer seating space and private vendor suites, as well as a manager's office. The commercial tenants are month-to-month and in good standing. The residential section...This property offers a unique mixed-use opportunity with both commercial and residential components. The apartment features approximately 1,000+ square feet of living space, with 3 bedrooms and 1 bathroom. The commercial portion of the property comprises approximately 1,400+ square feet and is currently being utilized as a saloon, with customer seating space and private vendor suites, as well as a manager's office. The commercial tenants are month-to-month and in good standing. The residential section of the property is occupied by a long-term tenant, also on a month-to-month basis and in good standing. Recent updates to the property include updated kitchen floor and cabinets, newer boilers, a new hot water tank for the residential tenant, and a new air conditioning system for the commercial tenant. This unique mixed-use setting offers a significant opportunity for the owner to generate income from both the commercial and residential components. The property's location on Madison Avenue provides excellent foot traffic and shopping opportunities, as well as proximity to the nearby park, which hosts a variety of community activities throughout the year. The security shutters installed on the property provide an added layer of protection and peace of mind for both tenants and the owner. The open concept saloon layout allows for versatility and potential customization to suit the needs of future commercial tenants.
- Listed by Daryl Brewer • Coldwell Banker Realty
Property Details for 3822 West Madison Street
Area
CHI - West Garfield Park
ZoningOTHER
LISTING UPDATED: 10/20/2024 12:06 AM
Property Details for 3822 West Madison Street
Status | Active |
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MLS # | 12102741 |
Days on Market | 207 |
Taxes | $1,511 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1906 |
Lot Size | 0.10 AC / 4,158 SF |
County | Cook County |
Building Information for 3822 West Madison Street
Stories2Residences2Year Built1906Lot Size0.10 AC / 4,158 SF
Property Information for 3822 West Madison Street
Property History for 3822 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.
Public Records for 3822 West Madison Street
Taxable ValueLand$3,076Additions$2,921Total$5,997
Tax Record2022$1,461 ($122 / month)
Home Facts
Baths2.5Total Finished SqFt2,753 SqFtAbove Grade Finished SqFt2,753 SqFtStories2Lot Size4,158 SqFtStyleMulti-Family Res (5+ Units)Year Built1906CountyCOOKAPN16-11-312-029
Schools near 3822 West Madison Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
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Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Tilton Elementary School PublicPK to 8 | ||
Orr Academy High School Public9 to 12 | ||
Ericson Elementary Scholastic Academy PublicPK to 8 | ||
Raby High School 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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