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5400 W Madison St
Chicago, IL 60644 Austin

Price Upon Request

Apartments For Sale  •  23,750 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,750 SF
  • Lot Size 0.64 AC
  • Building Class C
  • Year Built 1928
  • Zoning B3-2
70 Transit Score
82 Walk Score

Highlights

Highly desirable unit mix of 1, 2, 3, & 4 bedroom layouts.
20+ units have seen cosmetic updates featuring kitchens, baths, flooring.
Significant value add opportunity through increasing rental rates to market levels.
Ability to drive NOI through leasing of commercial store fronts off Madison Ave.
Long standing tenant Madison Food Mart under lease through 2026.

Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Oak Park Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.7 mi
Hanson Park Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.1 mi
Transit/SubwayDriveWalkDistance
Central Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.7 mi
Laramie Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 16 min - 8.6 mi
Chicago O'Hare International 44 min - 15.5 mi