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Listing provided courtesy of Keller Williams Preferred RltyMREDas Distributed by MLSGrid- MLS# 12669668MLS Provider

4231 W Madison StreetChicago, IL 60624

Commercial · 10,500 Sq. ft.
$499,900 Active

4231 W Madison Street Overview

Time on Site:
24 days
Visits:
1

This expansive 10,500 square foot mixed-use commercial property presents an outstanding opportunity for investors, developers, or business owners seeking strong income potential and low operating costs in a high-traffic area. The main level features a prominent, wide-open storefront with excellent visibility-perfect for retail, showrooms, or hospitality concepts. Its open layout allows for flexible customization to suit a variety of business needs. The upper levels offer incredible potential for office use, creative studios, or even residential conversion-creating multiple income streams under one roof. Whether you're seeking a value-add investment, a high-performing asset, or a signature location for your business, this property delivers. Schedule a private tour today and explore the potential!

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4231 W Madison Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,500
  • Price/Sq.ft. $48

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 600
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 35

Building Information

  • Year Built: 1908

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Garfield Park

Tax Information

  • Tax Annual Amount: $4,958.16
  • Tax Year: 2023

General Information

  • Parcel Number: 16152010080000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 10500

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps, Power - 240V, Three Phase
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 50 X 125
  • Lot Size Square Feet: 6250

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

4231 W Madison Street Neighborhood

Community

60624 (Chicago) Demographics

34
Median Age
9,901
Population Density (per sq. mile)
17%
College Educated
$25,648
Estimated Median Income
3,326
Estimated Total Home Owners
9,168
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4231 W Madison Street Monthly Cost

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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4231 W Madison Street Market Data

Based on the last 30 days in this zip code

$239,338
Average List Price
$187
Average Price per Square Foot
2
Properties Sold
70
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

4231 W Madison Street History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
6/5/2026Source: MRED Added to Database
June 05, 2026