5255 W Madison St Chicago, IL 60644

The property at 5255 W Madison Street, Chicago, IL 60644, presents a stabilized, cash-flowing retail asset with in-place income and a 9.5% cap rate. Generating approximately $129,900 in gross annual income with a Net Operating Income of $76,252, this income-producing property is suited for buyers seeking passive income and long-term hold stability. The property has been under the same ownership for several decades and has been meticulously maintained. Capital improvements have been completed, including a new roof installed within the last two years and electrical upgrades. The property is a turnkey investment with no known deferred maintenance and minimal near-term capital requirements. Operating costs are controlled, tenants occupy individual retail spaces, and utilities are tenant-paid where applicable. Constructed of brick, the building is positioned along West Madison Street, a high-visibility, high-traffic urban retail corridor serving dense residential neighborhoods. This neighborhood retail location supports consistent demand from service-oriented and necessity-based tenants. The property, with a lot size of 0.32 acres, is suited for 1031 exchange buyers, private investors, and groups seeking a stabilized Chicago retail investment.