4948 Madison Street
Chicago, IL 60644

Status: Active
Bus / Bus w/Real Est
0 beds
0 baths
12,100 sq.ft
Listing Price: $1,240,000
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About this home

Fantastic Business Opportunity: Well-Established Dry-Cleaning Business with Free-Standing Building Take advantage of this rare opportunity to own a thriving dry-cleaning business located on a high-visibility corner with heavy foot traffic in West Chicago. Building Size: 12, 100 SF, Land Size: 22, 004 SF, Parking: 25-car parking lot Included in the sale are the business, all trade fixtures, and equipment. The property has been recently updated with new front and exterior painting. This is a highly profitable venture that established in 1947, this successful dry-cleaning business has been owner-operated for over 15 years. Don't miss out on this fantastic money-making opportunity!

Property details

School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Exhaust Fan
Area Major Confidential Commercial Listings
Zoning Type COMMR
Corporate Limits Chicago
Directions S. Cicero Ave to W. Madison Street to the property.
Property / Lot Details
Approx Land Sq Footage 12100
BuildingAreaTotal 12100
Lot Dimensions 176 X 125
LotSizeSquareFeet 22000
Lot Size .50-.99 Acre
Property Type Bus / Bus w/Real Est
Interior Features
Heat/Ventilation Forced Air,Gas
Stories 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Outdoor Parking 19-30 Spaces
MRD Virtual Tour Image360+realtor

Financials

Adjusted Net Income 000
Adj Net Inc Expense Source Owner Projection
Adj Net Income Year 2023
Ann Rnt Expense Source Owner Projection
Cost Of Goods Sold 570000
Cost of Goods Expense Source Owner Projection
Cost of Goods Year 2023
Known Encumbrances None Known
Gross Profit 000
Gross Profit Expense Source Owner Projection
Gross Profit Year 2023
Gross Sales Annual 570000
Gr Sales Ann Expense Source Owner Projection
Gross Sales Ann Year 2023
Inventory Year 2024
Inventory Expense Source Owner Projection
Net Profit 349750
Net Profit Source Owner Projection
Operating Expense Includes Insurance
Gross Payroll 58000
Gross Payroll Expense Source Owner Projection
Gross Payroll Year 2023
OperatingExpense 117000
Total Op Exp Year 2023
Investment Profile Business Opportunity

Tax/Assessments/Liens

PIN 16094270210000
Taxes $30,420
Tax Year 2022
$1,240,000 Listing Price:
MLS # 12104801
Investment Profile Business Opportunity
Listing Market Time 172 days
Basement
List Date 07/08/2024
Year Built
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