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    5351 W Madison St Chicago, IL 60607

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    For Sale
    $324,900

    5400 SF mixed-use property generating $40,152 annual income.

    Property size:
    5,400 SF
    Lot size:
    0.15 Acres

    Property Features for 5351 W Madison St

    General Information

    Size
    5,400 SF
    Lot size
    0.15 Acres

    Source: RE/MAX All Pro Agent Denise Jenks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property on Madison Street

    This well-maintained, 5400-square-foot mixed-use property is fully occupied and has been under the same ownership for over 30 years. The all-brick building generates a positive cash flow of $3,346 per month, or $40,152 annually, based on accurate numbers including all operating expenses and taxes. The property features three commercial spaces currently occupied by a barber school, a take-out restaurant, and an office, along with four apartments consisting of one 2-bedroom unit and three studios. The commercial tenants are responsible for their own electric utilities. The lot is fully fenced and provides ample parking. The property benefits from significant road and foot traffic on Madison Street.
    Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service All Time Wrecking ... Demolition Contractor Nya Screen Printer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7596007
    Latitude
    41.8800749

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    FAQs

    What type of property is this?
    Mixed-use property - 5400 SF mixed-use property generating $40,152 annual income.
    Where is this mixed-use property located?
    The property is located at 5351 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - High positive cash flow: $3,346/month ($40,152/year) after all expenses.; - Fully occupied mixed-use property with a long-term owner (30+ years).; - Large 5400 square foot all-brick building.
    (630) 244-5495
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5351 W Madison St Chicago, IL 60607
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