Map of Property

4952 W Madison

For Sale

4952 W Madison Ave, Chicago, IL 60644

This Chicago property for sale is located at 4952 W Madison Ave. The general use of 4952 W Madison is multi-family and it incorporates 27,000 square feet of class C multi-family space. The current listed sale price for 4952 W Madison is $2,900,000. 4952 W Madison is situated on a lot that is 0.3 acre in size.

Contacts

broker
Sean Connelly

33 Realty

Property Details

  • Property Type Multi-Family
  • Property Size 27,000 SF
  • Units 23
  • Lot Size 0.3 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1924
  • Year Renovated 2020
  • Date Updated Feb 17, 2025
Northeast corner of Madison and Lavergne33 Realty is pleased to present for purchase 4952 W Madison Ave., a gut rehabbed 23-unit mixed use property in Chicago's Austin neighborhood with a master lease from a strong non profit organization. The property went through a full renovation in 2019 (details on page 4). The tenant, Primo Center, took occupancy in 2020 and has a master lease that runs through 2033 at a rate of $338,745 per annum, with an escalation amount of three percent (3%) per annum. The property is composed of five (5) one-bed / one-bath units, six (6) two-bed / one-bath units, six (6) three-bed / two-bath units, four (4) three-bed / one-bath units, one (1) four-bed / two-bath unit and a commercial space comprised of 3700 square feet. The property was extensively rehabbed in the last two years. The 2019-2020 rehab included: Upgraded Electric and Conduit Wiring, Brand New Water and Gas Service, New Copper Plumbing Throughout, Brand New Furnaces and Water Heaters for all Units, New Tear-Off Roof and Parapets, New Kitchens & Baths, LTV Flooring.
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Highlights

  • - Master Lease to strong non profit group with community vision
  • - Building is Managed by Single Tenant
  • - 3% Annual Rental Increases through 2033
  • - Completely Renovated in 2019-2020

Getting around

  • 79/100

    Walk Score ®

  • 70/100

    Transit Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Austin
  • Zip Code 60644
  • Market Chicago

Points of Interest

  • Cicero

    0.66 miles

  • 54th/Cermak

    2.04 miles

  • Kostner

    2.06 miles

  • Kedzie

    2.27 miles

  • Central Park

    2.59 miles

  • California

    3.95 miles

  • Berwyn

    3.98 miles

  • Logan Square

    4.01 miles

  • Uber Tent

    4.04 miles

  • Harlem Avenue

    4.30 miles

  • Gulf

    0.17 miles

  • Mobil

    0.23 miles

  • BP

    0.31 miles

  • Falcon

    0.38 miles

  • Exxon

    0.61 miles

  • Citgo

    1.03 miles

  • Soofa Solar Phone Charger

    2.37 miles

  • EVgo

    4.38 miles

  • ChargePoint

    4.63 miles

  • Tesla Destination Charger

    4.63 miles

  • West Suburban Hospital Parking Garage

    1.55 miles

  • Lot 46 G

    1.70 miles

  • Lot 57

    1.73 miles

  • Jewel Osco Lot

    1.92 miles

  • 54th/Cermak Park & Ride

    2.12 miles

  • Avenue Parking Garage

    2.30 miles

  • Hatch School Parking Lot

    2.40 miles

  • Lot 84

    2.55 miles

  • Holly Court Parking Garage

    2.85 miles

  • Concordia University Parking Garage

    3.25 miles

  • Shamrock Motel

    1.11 miles

  • Karavan Motel

    1.60 miles

  • Cindy Lyn Motel

    2.70 miles

  • Fullerton Hotel

    3.26 miles

  • Hyatt Place Chicago - Medical / University District

    3.98 miles

  • Hyatt House Chicago - Medical / University District

    4.05 miles

  • Hotel Chicago West Loop

    4.24 miles

  • IHSP Chicago Hostel

    4.27 miles

  • Urban Holiday Lofts

    4.30 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    4.34 miles

  • Leamington Foods

    0.72 miles

  • ALDI

    1.22 miles

  • Save-A-Lot

    1.30 miles

  • Pete's Market

    1.74 miles

  • Forman Mills

    1.83 miles

  • Jewel-Osco

    1.87 miles

  • Ross

    1.89 miles

  • Food 4 Less

    1.91 miles

  • Supermercado La Chiquita

    2.02 miles

  • Burlington

    2.19 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Sean Connelly

33 Realty

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