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$13,000,000

2217 W Madison Street
Chicago, Illinois 60612

Closed / MLS #12200392 / Multiple Family / Near West Side
Listing information updated 3/21/2025 at 6:03pm
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.
Exterior Type:
Brick,Other
Water Front:
No
Square Feet:
N/A
Built:
2019
Cooling System:
Central Air
Stories:
4
Roof:
Rubber
Current Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$862,411
Unit 1:
4 room(s) / 2 bed(s) / 2 bath(s)
Unit 2:
3 room(s) / 1 bed(s) / 1 bath(s)
Unit 3:
3 room(s) / 1 bed(s) / 2 bath(s)
Tax Amount:
$192,581
Tax Year:
2022
Zip Code:
60612
City:
Chicago
County:
Cook

Listing Office: North Clybourn Group, Inc.

Listing Office Phone: 773.252.0600

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/21/2025 at 6:03pm. 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. Some listings have been excluded from this website.

Near West Side

Near West Side, IL

Just west of the Loop you’ll find an area that is home to restaurants, shops, official landmarks, and neighborhoods old and new. The Near West Side is made up of several noteworthy neighborhoods including Fulton River District, the West Loop, Little Italy, Greektown, University Village, and Tri-Ta...

CTA

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Blue line at Western
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Green line at California
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Pink line at Ashland

Metra

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Milwaukee District North line at Western Ave Metra
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Milwaukee District West line at Western
Metra
North Central Service line at Western
$547,558
Average Sale Price
64
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2217 W Madison Street, Chicago, IL 60612
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2217 W Madison Street, Chicago, IL 60612 is a multiple family which sold for $13,000,000. This multiple family has been listed on @properties Christie's International Real Estate since October 30th, 2024 and was built in 2019. The nearest transit stops include Western CTA Blue line and Western Ave Metra Metra Milwaukee District North line.

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