2715 W Madison Street $4,300

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    2715 W Madison Street Chicago-East Garfield Park, IL 60612

    • Commercial
    • MLS# 10957724
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    Views: 1 Days On Site: 29

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    Property Details

    Description Tours

    A former private Supper Club with adjoining large paved parking lot. This unique and versatile building and parking lot is available for lease in its entirety. This live / work property would be ideal for a start-up. Use the downstairs club part for your whole team and live upstairs in a pimped out cool apartment with great views. The lower unit was once a club with kitchen however most of these furnishings and equipment have been removed. The top Apartment has a luxury kitchen opening up a massive living room space taking up the entire floor (75' x 20'). This space duplexes up to a master bedroom and bathroom. Offers great views of Chicago's cityscape. There is a large east facing deck directly off this space. This apartment has access to two additional deck spaces (rear deck and garage roof deck). This apartment is flooded with light. There is an adjoining oversized two car garage with roof deck over the garage. The property is entirely fenced in for security and privacy. Owner is willing to make modifications for the right tenant and lease terms. This is truly a unique opportunity for the right tenant in this booming East Garfield Park location. 10 mins to the West Loop, 3 mins to expressway and train. See pictures of how it looked when it was operating as a private supper club. This would make an amazing private residence / compound. You could run your business from the duplex lower level commercial space and live in the luxury duplex apartment upstairs. You have three lots of enclosed private paved parking to enjoy or use as you like. Make this space into your dream compound. The rental price for the entire property is $4300 / month.

    • General Features
      • Additional Parcels Y/N No
      • Area CHI - East Garfield Park
      • County Or Parish Cook
      • Current Use Commercial
      • Electric Expense 0
      • Existing Lease Type Modified Gross
      • Fuel Expense 0
      • Gross Income 0
      • Gross Scheduled Income 0
      • Number Of Units Total 2
      • Operating Expense1 0
      • Possible Use Commercial
      • Tax Annual Amount 5646.96
      • Tax Year 2019
      • Tenant Pays Electricity,Heat,Insurance,Varies by Tenant
      • Total Actual Rent 4300
      • Township North Chicago
      • Year Built 1908
      • Zoning COMMR
    • Building Features
      • Construction Materials Brick,Concrete
      • Cooling Central Air, Central Individual
      • Electric Separate Meters
      • Flooring Tile,Wood
      • Foundation Details Concrete Perimeter
      • Roof Membrane,Rubber
      • Stories 2
      • Utilities Electric to Site,Gas to Site,Water-Municipal
    • Property Features
      • Frontage Type City Street
      • Lot Size Dimensions 106X121
      • Lot Size Square Feet 12862
      • Parcel Number 16132000120000
      • Parking Total 2

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    Neighborhood

    60612 (Chicago-East Garfield Park) Demographics

    31 Median Age
    9,485 Population Density (per sq. mile)
    39% College Educated
    $37,137 Estimated Median Income
    3,342 Estimated Total Home Owners
    9,958 Estimated Total Renters
    25% / 75% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,559 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $357,000 Median Sales Price
    22 Homes Sold
    46 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,300
        12/28/2020 12:17:46 AM Status Changed Source New Value: Active
        12/22/2020 1:34:00 PM New in Database Source New Value: $4,300

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.