Turnkey 4-Unit West Loop Opportunity

1041 West Madison Street Chicago, IL 60607

1041 West Madison Street, Chicago, IL, 60607
1041 West Madison Street, Chicago, IL, 60607
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,400,000
Last Verified:
Nov 18, 2024

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Highlights

  • Rare Opportunity / Prime Location
  • Excellent Renovations
  • Low In-Place Rents

Description

1041 W Madison offers a rare chance to acquire a prime building in one of Chicago's most desirable neighborhoods. The property features (1) Retail space and (3) 3 Bedroom, 2 Bathroom units at 1,700 SF, all beautifully renovated with modern appliances and in-unit laundry. The mechanical systems are in excellent condition and the property includes two indoor parking spots and four outdoor spaces.

West Loop


Year Built: 2014
Building Size: 6100sq ft
Lot Size: 0.07 acres


Documents

SVN - OM/Proposal/BOV (L)

Map of 1041 West Madison Street, Chicago, IL, 60607

Presented by:
SVN | Chicago Commercial

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Joe Connelly


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.