2943 W Madison Street Chicago, IL ^$ 469,999

2943 W Madison Street

^$ 469,999

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2943 W Madison Street

Chicago, IL, 60612

^$ 469,999

Studio Baths0.0

Monthly Estimate*

^$ 2,932

2943 W Madison Street, Chicago, IL 60612 - Image 1

Studio

Lots and Land for sale in Chicago, IL

for $469,999. The lot size is 0.44.

Located just 1.4 miles from the transformative 1901 Development, this property presents outstanding potential for mixed-use investment. Zoned C1-1, it's well-suited for both commercial and residential development. The site offers excellent access to public transportation and is surrounded by a growing range of amenities. With East Garfield Park experiencing rapid revitalization, this is a strategic opportunity for investors looking to capitalize on future growth.

Lots and Land Active

Price

^$ 469,999

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 5,127

Style

Commercial,Conditional Use

Lot Size

0.44

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12466272

Features

General

Utilities Electricity Nearby Natural Gas Nearby Sewer Nearby

Possession Closing

Township West Chicago

Tax Year 2024

Current Use Commercial Conditional Use Other

Ownership Fee Simple

County Cook

Property Type Land Land

Status Active

Directions I-290 to California to W. Madison to Property

City Chicago

High School District 299

MLS Area CHI - East Garfield Park

Tax Annual Amount 5127.37

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Total Parking 0

Lot Dimensions 157X123

Lot Size Acres 0.44

Road Surface Type Asphalt

Frontage Length 157

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Jameson Sotheby's Intl Realty

Broker

realty.bobbyg@gmail.com;realty.bobbyg@gmail.com

Affordability Calculator

$3,359

Per Month

Monthly Principal & Interest: $2,932
Monthly Property Taxes: $427
Monthly Home Insurance: --

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Interest Rate

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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

Lots and land listings in Chicago, IL

Average List Price ^$322,017

Percent of Sale Price 31%

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.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2025	$469,999	-1.05%	Price Down
9/9/2025	$475,000		Listed Price

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2943 W Madison Street, Chicago, IL, 60612 is a Lots and Land for sale at $469,999 with a lot size of 0.44. 2943 W Madison Street is a studio with 0.0 baths. The property's zip code is 60612 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 12/15/2025.

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2943 W Madison Street

Lots and Land for sale in Chicago, IL

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