Map of Property

4952 W Madison

4952 W Madison Ave, Chicago, IL 60644

  • For Sale $2,900,000
  • 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

Contacts

broker
Sean Connelly

33 Realty

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    70/100 Excellent Transit

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • 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

  • McDonald's

    0.06 miles

  • Whale Fish and Chicken

    0.07 miles

  • The Licking

    0.10 miles

  • MacArthur's Restaurant

    0.55 miles

  • Uncle Remus

    0.80 miles

  • Dunkin'

    1.00 miles

  • Subway

    1.02 miles

  • Taste Buds

    1.08 miles

  • Hody's Grill

    1.10 miles

  • Terry's Place

    1.23 miles

  • Saint Thomas School

    0.18 miles

  • Chicago Jesuit Academy

    0.26 miles

  • Spencer Technology Academy

    0.30 miles

  • Christ the King Jesuit College Prep

    0.30 miles

  • Malcolm X College Westside Learning Center

    0.46 miles

  • George W. Leland Elementary School

    0.51 miles

  • Michele Clark Magnet High School

    0.58 miles

  • Moving Everest Charter School

    0.61 miles

  • Austin Community Academy High School

    0.67 miles

  • Hefferan Elementary School

    0.72 miles

  • Little Folks Cottage Inc

    1.19 miles

  • ABC Toon Town Day Care

    1.60 miles

  • Our Lady of Lourdes Child Development Center

    1.74 miles

  • Sunny Days Kid's Academy

    1.91 miles

  • Morningside Children's Academy

    1.98 miles

  • Herzl Child-Parent Center

    2.01 miles

  • YMCA Child Care

    2.03 miles

  • Blocks 24 hr Child Care Center

    2.33 miles

  • Little Beginnings Day Care

    2.40 miles

  • Dorie Miller Child Parent Center

    2.52 miles

Frequently Asked Questions

How much does 4952 W Madison cost?

The space currently listed for sale at 4952 W Madison asks for $2,900,000.

What is the total square footage of 4952 W Madison?

4952 W Madison totals 27,000 square feet.

When was this property built?

4952 W Madison was built in 1924.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Sean Connelly

33 Realty

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