23-Unit Apartment
New
For Sale
$2,450,000
4952 W Madison Street, Chicago, IL 60644
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.30 Acres
Days on Market2
Property Features for 4952 W Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
Property is on the Northeast Corner of Madison and Lavergne.
Subdivision
CHI - Austin
Standard status
Active
APN
16094270190000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
42783
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1924
Floors in Building
3
Number of units
23
Building materials
Brick
Listing Agency:
33 Realty
Listed By:
Philip Gross
(773) 327-4975
Added: Oct 20
Last Checked: Oct 21 at 11:06AM
MLS# 12790045
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 23-unit apartment building is a brick property constructed in 1924, with central air and a 0.3023-acre site. Public sewer serves the property, and natural gas is available. The zoning designation is MULTI.
A nonprofit tenant occupies the property under a master lease through 2034, with one 5-year option and annual rent escalations. The tenant covers gas, electric, and most repairs, and staff are present at the property 24/7.
A nonprofit tenant occupies the property under a master lease through 2034, with one 5-year option and annual rent escalations. The tenant covers gas, electric, and most repairs, and staff are present at the property 24/7.
Key Highlights
- 23‑unit brick apartment building constructed in 1924
- Master lease with a nonprofit tenant through 2034, plus one 5‑year option
- Annual rent escalations; tenant pays gas, electric, and most repairs
Property Analytics
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Lease Details
23
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
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Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A master lease with a nonprofit tenant includes annual rent escalations and defined responsibility for utilities and repairs.
Where is this apartment building located?
The property is located at 4952 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 23‑unit brick apartment building constructed in 1924; Master lease with a nonprofit tenant through 2034, plus one 5‑year option; Annual rent escalations; tenant pays gas, electric, and most repairs
