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48-Unit Apartment Building with Retail
For Sale
$17,300,000
Pending

2139 W Madison Street, Chicago, IL 60612

Mixed-use building combines apartment residences with commercial space.

Property SizeContact for details
Days on Market106

Property Features for 2139 W Madison Street

General Information

Standard status Pending
Elevators Yes
Property subtype Commercial

Additional Details

Multifamily Units 48

Taxes and HOA fees

Annual Taxes $259,879

Amenities

shared rooftop deck
Central air
Central Air Cooling

Building Details

Year Built 2023
Buildings 1
Listing Agency: FULTON GRACE REALTY
Listed By: WILLIAM GOLDBERG
Source: Corcoran
Added: May 18 Changed: Aug 29 Last Checked: May 26 at 9:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FULTON GRACE REALTY

Investment Insights

Based on property information with market context.

Completed in 2023, this apartment building includes 48 residential units and two commercial spaces. The residential component offers a range of one-, two-, and three-bedroom layouts, supported by an elevator, attached garage parking, and a shared rooftop deck.

The property is located at 2139 West Madison Street in Chicago’s Near West Side, near both the United Center and the Medical District. Grocery stores, bars, restaurants, hotels, and entertainment venues are also located nearby, providing a broad range of surrounding services and destinations.

Key Highlights

  • 48 residential units with one-, two-, and three‑bedroom layouts
  • Two commercial spaces included in the building
  • Completed in 2023

Property Analytics

Current Use

communities empowered through ... Construction Company

Suggested Use

Top Pick Accounting Firm (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48
Residential units

Location Intelligence

Trade Area within ½ mile

5,327
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed-use building combines apartment residences with commercial space.
Where is this apartment building located?
The property is located at 2139 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $17,300,000.
What are key features of this property?
This property features: 48 residential units with one-, two-, and three‑bedroom layouts; Two commercial spaces included in the building; Completed in 2023
More about this property
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