About 1169 West Madison Street 1w
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.
Features of 1169 West Madison Street 1w
MLS® # | 11348086 |
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Price | $549,900 |
Bathrooms | 0.00 |
Acres | 0.00 |
Year Built | 2005 |
Type | Commercial Sale |
Sub-Type | Retail/Stores |
Status | Active |
Community Information
Address | 1169 West Madison Street 1w |
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Area | CHI - Near West Side |
City | Chicago |
County | Cook |
State | IL |
Zip Code | 60607 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Cooling | Central Air |
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Fireplace | No |
Has Basement | No |
Additional Information
Days on Market | 624 |
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Zoning | COMMR |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Quest Realty Group LLC |
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