1041 West Madison Street

Chicago, IL 60607

$2,400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

  1. Listed by Priya Patel • Sperry Van Ness

Property Details for 1041 West Madison Street

Area
CHI - Near West Side
LISTING UPDATED: 11/11/2024 12:07 AM

Property Details for 1041 West Madison Street

StatusActive
MLS #12204268
Days on Market8
Taxes$42,050 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2014
Lot Size0.07 AC / 2,984 SF
CountyCook County

Building Information for 1041 West Madison Street

Stories4Residences4Year Built2014Lot Size0.07 AC / 2,984 SF

Property Information for 1041 West Madison Street

General Information
Location and General Information
  • Geographic Locale: East/West Corridor,Downtown Chicago
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: 7-15 Years
  • Lot Dimensions: 25 X 120
  • Lot Size Square Feet: 2984.0
  • Stories: 4
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Document Date: 2024-11-06T20:46:19
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $500.00
  • Gross Income: $192,876.00
  • Gross Scheduled Income: $137,608.00
  • Insurance Expense: $3,750.00
  • Total Monthly Income: 16073
  • Other Expense: $1,000.00
  • Trash Expense: $750.00
  • Water Sewer Expense: $2,000.00

Property History for 1041 West Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1041 West Madison Street

Taxable ValueLand$15,000Additions$213,427Total$228,427
Tax Record2022$47,144 ($3,929 / month)
Home Facts
Baths5Total Finished SqFt7,174 SqFtAbove Grade Finished SqFt7,174 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built2011CountyCOOKAPN17-17-203-010

Schools near 1041 West Madison Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - K to 8
Rating
School
Distance
Skinner Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Young Magnet High School
Public7 to 12

Chicago World Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1041 West Madison Street is a mixed use property for sale in Chicago, IL 60607. This property was listed for sale on November 5, 2024 by Sperry Van Ness, it's currently listed at $2,400,000. It has been on the market for a total of 8 days and was last sold on July 8, 2014. This listing's school district is Chicago Public Schools. Nearby schools include Skinner Elementary School, Wells Community Academy High School and Young Magnet High School. 1041 West Madison Street is a 0-bed, 0-bath, mixed use property built in 2014.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sperry Van Ness

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/11/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.