5124-5126 West Madison Street

Chicago, IL 60644

$596,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Look out for the price reduction, motivated seller! This is an amazing opportunity for an investor or live in owner. Rarely available 3 story, classic multi-use multiple unit building located in Madison/Austin TIF Corridor. Charming and attractive red brick front facade with vintage window detail. A must see. Two large storefronts with newer modern facades. Two separate entrances and addresses leading to two floors of apartments. Rear decks and stairs rebuilt in 2005. Multi-car parking in back of...Look out for the price reduction, motivated seller! This is an amazing opportunity for an investor or live in owner. Rarely available 3 story, classic multi-use multiple unit building located in Madison/Austin TIF Corridor. Charming and attractive red brick front facade with vintage window detail. A must see. Two large storefronts with newer modern facades. Two separate entrances and addresses leading to two floors of apartments. Rear decks and stairs rebuilt in 2005. Multi-car parking in back of 170 foot deep lot or use for expansion. Full basement under each side - west side basement is finished. New roof in 2003. Current rent is below market value and apartment tenants are month-to-month. Being sold as-is. There are two PIN numbers for this property: 16094250430000 and 1609425044000.
  1. Listed by Hans Volk • Berkshire Hathaway HomeServices Chicago

Property Details for 5124-5126 West Madison Street

Area
CHI - Austin
Zoning
MULTI
LISTING UPDATED: 10/25/2024 10:32 AM

Property Details for 5124-5126 West Madison Street

StatusActive
MLS #12093213
Days on Market141
Taxes$17,133 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1916
Lot Size0.20 AC / 8,789 SF
CountyCook County

Building Information for 5124-5126 West Madison Street

Stories3Residences6Year Built1916Lot Size0.20 AC / 8,789 SF

Property Information for 5124-5126 West Madison Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: List Broker Must Accompany,Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps, Power - 120V, 220 Volts
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Tenant Pays: Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 51.70 X 170
  • Lot Size Square Feet: 8789.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane, Reflective Coating
  • Fire Protection: Other,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter, Stone
  • Building Area Total: 7764
  • # Of Offices: 0
  • Retail SqFt: 4200
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Retail, Special Use, Other
  • Buyer Financing: Conventional, FHA
  • Public Document Count: 3
  • Document Date: 2024-06-27T01:51:13
  • Photos Count: 20
  • OpenHouse Count: 1
Miscellaneous
  • Location: Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $2,400.00
  • Fuel Expense: $4,000.00
  • Gross Income: $81,000.00
  • Gross Scheduled Income: $20,000.00
  • Insurance Expense: $4,000.00
  • Other Expense Source: Combination
  • Total Monthly Income: 6000
  • Other Expense: $1,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,800.00

Property History for 5124-5126 West Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5124-5126 West Madison Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Spencer Technology Acad Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Moving Everest Charter School
CharterK to 8

Clark Academy Prep Magnet 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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5124-5126 West Madison Street is a mixed use property for sale in Chicago, IL 60644. This property was listed for sale on June 26, 2024 by Berkshire Hathaway HomeServices Chicago, it's currently listed at $596,000. This listing's school district is Chicago Public Schools. Nearby schools include Spencer Technology Acad Elementary School, Manley Career Academy High School and Moving Everest Charter School. 5124-5126 West Madison Street is a 0-bed, 0-bath, mixed use property built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Chicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/25/2024 10:32 AM. 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.