Address
4912 W Madison Street, Chicago, IL
Price
$ 784,000
Property Attributes
  • MLS#11627952
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Austin
  • Zip60644
  • Style
  • Year Built1919
  • Taxes$ 12568
  • Price$ 784,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7965
  • Lot Size8,750 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

NOW LEASING AS WELL! Completely rehabbed retail opportunity in South Austin, minutes from I-290. Truss building, 11 ft. ceilings with fully open floor plan and 50'+ frontage along Madison Street. Newly finished epoxied concrete floors, two brand-new HVAC units on the roof, all major systems are brand new. Perfect for any business and floor plan design. Walls are insulated for custom installation of outlets, fixtures and wall finishes. Metered for single or divided use. Potential to occupy 51% of the space and lease out the rest for SBA loans. Daily traffic count 14,500+ with easy street parking. Handicap accessible restrooms. Targeted growth area with a new senior center and a community center. Perfect for walk-in business, storage or corporate/office space. Convenient location for any business and CTA accessible. Mayor's Invest South/West initiative opportunity zone.

Price History
9/13/2022 Listed $799,000
4/13/2023 1% - $794,000
9/26/2023 2% - $784,000

General Features

Cooling Central Air
Possession Immediate
Zoning COMMR
Construction Materials Brick
Year Built 1919
Electric Service - 201 to 600 Amps,Three Phase
Tenant Pays Other
Stories 1
Township Stickney
Property SubType Neighborhood Storefront
Tax Year 2021
County Cook
Property Type Commercial Sale
Status Active
Directions Cicero Avenue north to Madison Street west. Building on your right.
City Chicago
MLS Area CHI - Austin
Lot Size Square Feet 8750
Street Name Madison
Tax Annual Amount 12568
Additional Parcels Y/N No
Leasable Area 7965
Days on Market 591
Lease Type Modified Gross
Standard Status Active
Property Type Retail/Stores

Interior Features

Flooring Concrete
Street Suffix Street

Exterior Features

Building Area Total 7965
Lot Dimensions 175X50
Frontage Type City Street
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60644

Price
AVG $670K
$780K
Taxes
AVG $22,793
$12,568
Visits
AVG 285
799
Data Provided by Inside Real Estate®
Year Built
AVG 1945
1919
Walkscore
AVG 78
73
Data Provided by Walkscore® not using MLS data