1169 W Madison Street # 1W

Chicago, IL
$ 549,900 Beds 0 Baths 0 Sq 1,100
Monthly Estimate* How much can I afford?

ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. SE HARD CORNER AT MADISON/RACINE. 6.37% CAP W/23.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$550K PURCHASE PRICE, $150K DOWN, $400K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $35,054. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $313K & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. CHIROPRACTOR HAS OCCUPIED THE SPACE FOR 12+ YEARS WITH A VERY SPECIFIC & EXPENSIVE BUILDOUT. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.

Contingent

  • Price
  • $ 549,900
  • Lot Size
  • 6,000 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 1,100
  • Full Bathrooms
  • 0
  • Year Built
  • 2005
  • Half Bathrooms
  • 0
  • City, Zip
  • Chicago
  • Taxes
  • $ 7876
  • County
  • COOK
  • Style
  • Area
  • CHI - Near West Side
  • MLS#
  • 10849931
  • Zip
  • 60607
Listing Provided by: Quest Realty Group LLC
Data Source: Midwest Real Estate Data (MRED) - 103 - IL

Features

General

Additional Parcels Y/N No
City Chicago
Contingency Attorney/Inspection
Cooling Central Air
County Cook
Days on Market 334
Directions MADISON (EAST OR WEST) TO PROPERTY.
Electric Service - 101 to 200 Amps
Flooring Carpet, Wood
Grossincome 44400
Leasable Area 1200
Lease Type Gross
Lot Size Square Feet 6000
MLS Area CHI - Near West Side
Net Operating Income 35054
Property SubType Neighborhood Storefront
Property Type Commercial Sale
Property Type Retail/Stores
Standard Status Active Under Contract
Status Contingent
Stories 1
Street Name Madison
Tax Annual Amount 7876
Tax Year 2018
Tenant Pays Electricity, Heat, Varies by Tenant
Total Units 1
Township West Chicago
Unit Number 1W
Year Built 2005
Zoning COMMR

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 1100
Buyerofficefax (312) 873-4455
Frontage Type City Street
Lot Dimensions COMMON

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Elmwood Park, IL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/8/2020 Listed $549,900

Property vs Zip Code Average in 60607

Price
AVG $720K
$550K
Taxes
AVG $9,362
$7,876
Visits
AVG 42
338
Year Built
AVG 1987
2005
Walkscore
AVG 89
96
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

1169 W Madison Street # 1W Chicago, IL is a Single Family Home for sale at $549900 with 1100 sqft and a lot size of 6,000 SqFt Acre(s). 1169 W Madison Street # 1W Chicago has 0 bedrooms, 0 baths and was built in 2005. The property's zip code is 60607 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.