5225 Madison StChicago, IL 60644

This exceptional retail investment property in Chicago, Illinois, presents a compelling opportunity for discerning investors. Located at 5225 W Madison St, 60644, this stabilized, value-add asset boasts 20,034 square feet across two, two-story buildings on approximately 0.90 acres. The property, built in 2005, features a diverse tenant mix, including a recently signed long-term lease with the University of Illinois Chicago Outreach Center, ensuring strong, internet-resistant occupancy. The property benefits from its prime location near the intersection of Madison Street and Laramie Avenue, just north of I-290, across from Walgreens and other established retailers. The property offers 54 parking spaces in a secure rear lot, supplemented by ample street parking and bike lanes on Madison Street. The asking price is $3,300,000, representing a compelling 9.25% cap rate with a current NOI of $305,387 and a price per square foot of $164.72. The property's strong cash flow, diverse tenant base, and strategic location make it an ideal investment for those seeking stable returns and future growth potential. The well-maintained brick buildings offer a mix of storefront, shopping center, and daycare spaces, creating a synergistic environment for tenants and maximizing revenue streams.