4231 West Madison Street

Chicago, IL 60624

$624,990
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this exceptional mixed-use commercial property, boasting a generous 10,500 sqft of versatile space, perfect for a wide range of business opportunities. Strategically located in a high-traffic area, this property promises excellent visibility and accessibility, making it an ideal investment for savvy business owners and investors alike. Main Level Storefront: The main level features a spacious storefront with expansive windows, providing ample natural light and an inviting atmosphere for...Welcome to this exceptional mixed-use commercial property, boasting a generous 10,500 sqft of versatile space, perfect for a wide range of business opportunities. Strategically located in a high-traffic area, this property promises excellent visibility and accessibility, making it an ideal investment for savvy business owners and investors alike. Main Level Storefront: The main level features a spacious storefront with expansive windows, providing ample natural light and an inviting atmosphere for customers. This area is perfectly suited for retail businesses, offering a flexible layout that can be easily customized to meet your specific needs. The high ceilings and open floor plan enhance the overall appeal, creating a welcoming environment for shoppers and clients. Upper Levels 2 & 3 presents a fantastic opportunity for additional income through rental spaces. With separate entrances, this area can be utilized for office spaces, studios, or even residential units, depending on your vision and zoning allowances. The versatility of this space allows for multiple configurations, catering to various tenant requirements and maximizing your return on investment. Prime Location,Large Storefront Windows,lexible Layout,Income Potential, Modern Amenities. This mixed-use property is not just a place of business but a strategic investment. The combination of a prominent storefront and potential rental income from the upper levels makes it a highly attractive option for investors looking to diversify their portfolio. The property's versatility ensures it can adapt to market demands, providing long-term stability and growth. Don't miss out on this unique opportunity to own a prime piece of commercial real estate that promises both immediate returns and future appreciation. Schedule a viewing today to explore the endless possibilities this property has to offer.
  1. Listed by Jazmine Little • Coldwell Banker Realty

Property Details for 4231 West Madison Street

Area
CHI - West Garfield Park
LISTING UPDATED: 08/17/2024 03:32 AM

Property Details for 4231 West Madison Street

StatusActive
MLS #12101784
Days on Market168
Taxes$4,958 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1908
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 4231 West Madison Street

Stories3Residences1Year Built1908Lot Size0.14 AC / 6,250 SF

Property Information for 4231 West Madison Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 201 to 600 Amps, Power - 240V, Three Phase
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Fire Protection: Fire Extinguisher/s
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 32
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $35.00

Property History for 4231 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 4231 West Madison Street

Taxable ValueLand$7,108Additions$15,891Total$22,999
Tax Record2022$4,769 ($397 / month)
Home Facts
Baths5.5Total Finished SqFt10,500 SqFtAbove Grade Finished SqFt10,500 SqFtStories3Lot Size6,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN16-15-201-008

Schools near 4231 West Madison Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 11
Rating
School
Distance
Hefferan Elementary School
PublicPK to 8

Marshall Metropolitan High School
Public9 to 12

Legal Prep Academy High School
Charter9 to 12

Bridgescape Academy North Lawndal
Public9 to 11

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.

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4231 West Madison Street is a mixed use property for sale in Chicago, IL 60624. This property was listed for sale on July 11, 2024 by Coldwell Banker Realty, it's currently listed at $624,990. This listing's school district is Chicago Public Schools. Nearby schools include Hefferan Elementary School, Marshall Metropolitan High School and Legal Prep Academy High School. 4231 West Madison Street is a 0-bed, 0-bath, mixed use property built in 1908.

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 Coldwell Banker Realty

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 08/17/2024 03:32 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.