1104 W Madison St 5 Unit Apartment Building $3,125,000 ($625,000/Unit) 6.25% Cap Rate Chicago, IL 60607

Kiser Group is pleased to exclusively offer for purchase 1104 W. Madison, a gut-renovated five (5) unit mixed-use building located in the heart of Chicago’s highly sought-after West Loop neighborhood.** The property is ideally positioned along Madison Street, offering immediate access to the area’s vibrant retail and dining corridor. Residents benefit from close proximity to the nearby CTA Blue Line, providing seamless connectivity to downtown Chicago and O’Hare International Airport. Additionally, the property is just a short walk to Fulton Market, one of the city’s most dynamic and rapidly growing districts, known for its premier restaurants, nightlife, and corporate presence.
1104 W. Madison features a desirable and diverse unit mix consisting of one (1) 3Bd/2Ba, three (3) 2Bd/2Ba units, and one (1) commercial space. The building underwent a complete gut renovation in 2016 and offers condo-quality finishes throughout. Residential units feature open-concept layouts with modern kitchens, granite countertops, and stainless steel appliances. Each unit is equipped with individual furnaces, hot water tanks, and in-unit laundry, providing tenants with both comfort and convenience.
1104 W. Madison presents investors with a rare opportunity to acquire a stabilized, cash-flowing asset in one of Chicago’s most rapidly appreciating neighborhoods. A new owner will benefit from a strong, established tenant base and immediate returns, with an in-place cap rate of 6.25% and a net operating income of $195,000.