5419 W Madison Street Chicago, IL $ 420,000
5419 W Madison Street
$ 420,000
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5419 W Madison Street

Chicago, IL, 60644
$ 420,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 2,586

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Commercial Property for sale in Chicago, IL

for $420,000. This 3,000 square foot building was built in 1909 on a lot size of 0.149219.

Turn-Key Restaurant & Retail Asset | High-Traffic Madison St. Corridor Maximize ROI with this premier owner-user or value-add investment at 5419 W Madison Ave. Boasting 20,000+ VPD and strategic proximity to the United Center expansion, this highly visible asset delivers unmatched versatility in Chicago's Austin submarket. Property Highlights: Second-Generation Restaurant Infrastructure: Fully outfitted and ready for immediate operation. Features a highly coveted aquarium-style smoker/pit, walk-in cooler, fryers, grills, 5-burner stove, 3-compartment sink, prep tables, and warming/display cases. Dynamic Floorplan: Currently demised as two distinct suites (former takeout and salon). Maintain dual tenancy for diversified cash flow, or seamlessly combine into a sprawling dine-in concept. Administrative Suites: Features a dedicated management office complete with an attached, secure records retention room. Rare Dedicated Parking: Includes a 3,500sf private rear surface lot accommodating 10+ vehicles-an exceptional premium for urban retail that drives serious customer volume. Strategic Positioning: Surrounded by dense residential demographics and established local anchors like MacArthur's and TnT. Offers immediate access to I-290 and CTA transit lines. Bring your vision to a location primed for steady foot traffic and long-term appreciation. Fully equipped second-generation spaces with dedicated parking are a rarity. Schedule your private tour today.

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Commercial Active

Price

$ 420,000

Property Type

Commercial

Taxes

$ 14,250

Style

Commercial,Medical/Dental

Lot Size

0.149219

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12582533

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1909
Electric Service - 0 to 100 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Taxes Insurance Sewer All Utilities Trash Collection
Stories Count 1
Tax Year 2023
Current Use Commercial Medical/Dental
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 83000
Property Type Commercial Sale Retail/Stores
Status New
Directions From I-290 take the Central Ave exit north to Madison St. Head west on Madison to 5419.
City Chicago
Number Of Units Total 2
MLS Area CHI - Austin
Lot Size Square Feet 6500
Tax Annual Amount 14250
Additional Parcels Y/N N
Leasable Area 3000
Virtual Tour https://tour.giraffe360.com/bc723f8f25374918aed904e9dd0abdfd/
Standard Status Active
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Interior
Flooring Tile Vinyl
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3000
Lot Dimensions 50X130
Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

demarcus.hunter@compass.com;demarcushunterrealestate@gmail.com

Email

Affordability Calculator

$3,774
Per Month
69%
31%
0%
Monthly Principal & Interest
$2,586
Monthly Property Taxes
$1,188
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2026$420,000 Listed Price

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5419 W Madison Street, Chicago, IL, 60644 is a Commercial Property for sale at $420,000 with 3,000 sqft and a lot size of 0.149219. 5419 W Madison Street was built in 1909. The property's zip code is 60644 which is in Chicago, IL