Closed

$535,000

1169 Madison Street, Chicago, IL 60607
1 days
1169 Madison Street·Chicago, IL 60607
2005Year Built
About This Home

ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. SE HARD CORNER AT MADISON/RACINE. 6.37% CAP W/23.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$535K PURCHASE PRICE, $150K DOWN, $385K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $35,054. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $250K & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. CHIROPRACTOR HAS OCCUPIED THE SPACE FOR 12+ YEARS WITH A VERY SPECIFIC & EXPENSIVE BUILDOUT. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.

MLS# 12271740Listed January 15, 2025Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built2005
Lot SizeCOMMON

Location

CountyCook
TownshipWest Chicago
Zip Code60607

Financial

List Price$535,000
Annual Taxes (2023)$12,925
Monthly Tax Est.$1,077
Parcel #14083100020000
Interior Features

Flooring

CarpetWood

Cooling

Central Air
Utilities & Parking

Electric

Service - 101 to 200 Amps
Tax & Financial
Annual Taxes
$12,925
Tax Year 2023
Monthly Tax Est.
$1,077
per month
Property Location

1169 Madison Street, Chicago, IL 60607 — Cook County

$535,000
1169 Madison Street
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
1 days on market
COMMON
$12,925/yr taxes
$3,889
estimated monthly payment
Principal & Interest
$2,812/mo
Property Tax
$1,077/mo
$535,000
20% — $107,000
3%50%
6.875%
3%12%
Loan Amount
$428,000
Down Payment
$107,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Quest Realty Group LLC
Agent: Jason Vondrachek
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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