5225 Madison St, Unit 53 Chicago, IL 60644-4142
Property profile & analytics
5225 Madison St, Unit 53, Chicago, IL 60644-4142
- Retail space
- 0.45 lot acres
Property ID
US28-2137252
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Madison Banquet Hall Chicago / Wedding Service
- Mid City Apartments LLC / Apartment Building
- International Deliverance Outreach Ministries / Association Or Organization
- Wally Aiyash Real Estate / Construction Company / General Contractor
Property Details for 5225 Madison St
- Year built
- 2004
- Lot size
- 0.45 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 16-16-102-029
- APU
- 1616102029
Description
This exceptional commercial property at 5225 W Madison St in Chicago, IL, presents a unique investment opportunity. The property encompasses 22,634 square feet distributed across two, two-story buildings situated on a 0.90-acre lot in Cook County. Its prime location at the well-lit intersection of Madison Street and Laramie Avenue, just north of I-290, ensures high visibility and accessibility. The property benefits from its proximity to Walgreens and other retailers along this major thoroughfare. A significant advantage is the recent long-term lease signed by the University of Illinois Outreach Center, occupying a substantial portion of the east building. This diverse tenant mix, with contrasting peak hours, creates a synergistic environment. The property features 54 parking spaces in a secure rear lot, supplemented by ample street parking and bike lanes along Madison Street. The well-maintained brick buildings offer a blend of retail, restaurant, and office spaces, currently configured as creative office and coworking spaces, with additional space suitable for fast food and storefront businesses. The property is ideally suited for a variety of uses and offers significant potential for growth and return on investment. The multiple tenancy structure provides flexibility and diversification of income streams.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7563
- Latitude
- 41.88
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$42,173
$31,687
$173,350
$205,037
-
$126,748
$693,400
$820,148
