4041 W Madison Street Chicago, IL ^$ 409,000

4041 W Madison Street

^$ 409,000

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4041 W Madison Street

Chicago, IL, 60624

^$ 409,000

Bedrooms-- Baths-- Sq 15,600

Monthly Estimate*

^$ 2,552

4041 W Madison Street, Chicago, IL 60624 - Image 1

4041 W Madison Street, Chicago, IL 60624 - Image 2

Commercial Property for sale in Chicago, IL

for $409,000. This 15,600 square foot building was built in 1904 on a lot size of 0.139394.

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.

Commercial Active

Price

^$ 409,000

Property Type

Commercial

Taxes

^$ 20,781

Style

Lot Size

0.139394

Year Built

1904

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12097827

Features

General

Cooling Central Individual

Zoning COMMR

Year Built 1904

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Electricity Heat Operating Stops

Stories Count 3

Property Subtype Neighborhood Storefront

Tax Year 2023

Gross Income 5705

Assoc Fee Paid Per Not Applicable

County Cook

Net Operating Income 39051

Insurance Expense 8500

Property Type Commercial Sale Retail/Stores

Status Active

Directions Madison west of Pulaski to property.

City Chicago

Number Of Units Total 2

MLS Area CHI - West Garfield Park

Lot Size Square Feet 6072

Tax Annual Amount 20781

Trash Expense 0

Water Sewer Expense 2000

Additional Parcels Y/N N

Leasable Area 6000

Standard Status Active

Exterior

Building Area Total 15600

Lot Dimensions 50 X 121.45

Frontage Type City Street

* Excluded Features

List By

Altura Realty Inc.

Broker

brianp@altura-realty.com

Affordability Calculator

$4,283

Per Month

Monthly Principal & Interest: $2,552
Monthly Property Taxes: $1,732
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$1,038,118

Percent of Sale Price 154%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/1/2025	$409,000	-2.39%	Price Down
11/2/2025	$419,000	-2.33%	Price Down
9/2/2025	$429,000	-1.38%	Price Down
6/16/2025	$435,000	-3.33%	Price Down
7/12/2024	$450,000		Listed Price

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4041 W Madison Street, Chicago, IL, 60624 is a Commercial Property for sale at $409,000 with 15,600 sqft and a lot size of 0.139394. 4041 W Madison Street was built in 1904. The property's zip code is 60624 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/12/2025.

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4041 W Madison Street

Commercial Property for sale in Chicago, IL

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