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Listing provided courtesy of Altura Realty Inc.MREDas Distributed by MLSGrid- MLS# 12097827MLS Provider

4041 W Madison StreetChicago, IL 60624

Commercial · 15,600 Sq. ft.
$350,000 Active

4041 W Madison Street Overview

Time on Site:
717 days
Visits:
6

Pulaski and Madison retail corridor, a 15,600 square foot mixed-use building is available for sale. The first floor is built out with retail space and both spaces are rented. The upper floors are vacant with an open layout ready to be developed as office, creative or apartment space. Nearby businesses are a mix of local and national retail users. This is a great opportunity for a user or investor looking to add value.

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4041 W Madison Street Facts & Features

  • Type Commercial
  • Sq. ft. 15,600
  • Price/Sq.ft. $22

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 5705
  • Gross Scheduled Income: 70296
  • Insurance Expense: 8500
  • Net Operating Income: 39051
  • Trash Expense: 0
  • Water Sewer Expense: 2000

Building Information

  • Year Built: 1904

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Operating Stops, Trash Collection

Tax Information

  • Tax Annual Amount: $20,781.00
  • Tax Year: 2023

General Information

  • Parcel Number: 16152030070000
  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 15600

General Information

  • Cooling: Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • Leasable Area: 6000
  • Stories: 3

Unit Information

  • Unit SqFt.: 6000

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 50 X 121.45
  • Lot Size Square Feet: 6072

General Information

  • Number Of Units Total: 2

4041 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.

4041 W Madison Street Monthly Cost

$
$ %
%
$
$
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.

4041 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

4041 W Madison Street History

Date Event Value Agent
5/15/2026Source: MRED Status Change
Active
5/10/2026Source: MRED Price Reduction
$350,000 -22.2%
5/10/2026Source: MRED Status Change
Price Change
4/18/2026Source: MRED Status Change
Active
4/13/2026Source: MRED Price Increase
$450,000 28.9%
4/13/2026Source: MRED Status Change
Price Change
3/24/2026Source: MRED Status Change
Active
3/19/2026Source: MRED Price Reduction
$349,000 -11.6%
3/19/2026Source: MRED Status Change
Price Change
1/25/2026Source: MRED Status Change
Active
1/20/2026Source: MRED Price Reduction
$395,000 -7.0%
1/20/2026Source: MRED Status Change
Price Change
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Price Reduction
$424,900 -3.4%
1/8/2026Source: MRED Status Change
Price Change
12/22/2025Source: MRED Status Change
Active
12/16/2025Source: MRED Price Increase
$440,000 7.6%
12/16/2025Source: MRED Status Change
Price Change
12/6/2025Source: MRED Status Change
Active
12/1/2025Source: MRED Price Reduction
$409,000 -2.4%
12/1/2025Source: MRED Status Change
Price Change
11/7/2025Source: MRED Status Change
Active
11/2/2025Source: MRED Price Reduction
$419,000 -2.3%
11/2/2025Source: MRED Status Change
Price Change
9/7/2025Source: MRED Status Change
Active
9/2/2025Source: MRED Price Reduction
$429,000 -1.4%
9/2/2025Source: MRED Status Change
Price Change
6/21/2025Source: MRED Status Change
Active
6/16/2025Source: MRED Price Reduction
$435,000 -3.3%
6/16/2025Source: MRED Status Change
Price Change
7/17/2024Source: MRED Status Change
Active
7/12/2024Source: MRED Added to Database
July 12, 2024