4231 W Madison St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by James Mattz • Keller Williams Preferred Rlty
    P: (708)-249-3160 transactionsmanager@mattzmegagroup.com
  2. Listed by Kevin Bradd • Keller Williams Preferred Rlty
    P: (708)-798-1111 C: (773)-919-9168 Kbradd@gmail.com

Property Details for 4231 West Madison Street

Area
CHI - West Garfield Park
Air Conditioning Type
Central Air
LISTING UPDATED: 03/01/2026 12:06 AM

Property Details for 4231 West Madison Street

StatusActive
MLS #12575467
Days on Market21
Taxes$4,958 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1908
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of Keller Williams Preferred Rlty
Add your commute

Building Information for 4231 West Madison Street

Stories3Residences6Year Built1908Lot Size0.14 AC / 6,250 SF

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$3,094 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,681

Property Taxes

$413

HOA Dues

$0

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Property Information for 4231 West Madison Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 201 to 600 Amps, Power - 240V, Three Phase
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10500
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2026-02-23T22:35:50
  • Photos Count: 19
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $35.00

Property History for 4231 West Madison Street

DateEvent & SourcePriceAppreciation
Feb 23, 2026

Cancelled

MRED #12409857

$650,000
Feb 23, 2026

Listed (Active)

MRED #12575467

$550,000
Jul 3, 2025

Listed (Active)

MRED #12409857

$675,000
Apr 30, 2025

Expired

MRED #12101784

$624,990
Jul 11, 2024

Listed (Active)

MRED #12101784

$624,990
DateEvent & SourcePrice
02/23/2026

Cancelled

MRED #12409857

$650,000
02/23/2026

Listed (Active)

MRED #12575467

$550,000
07/03/2025

Listed (Active)

MRED #12409857

$675,000
04/30/2025

Expired

MRED #12101784

$624,990
07/11/2024

Listed (Active)

MRED #12101784

$624,990

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4231 West Madison Street

Taxable ValueLand$7,108Additions$15,891Total$22,999
Tax Record2023$4,958 ($413 / month)
Home Facts
Baths5.5Total Finished SqFt10,500 SqFtAbove Grade Finished SqFt10,500 SqFtStories3Lot Size6,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN16-15-201-008

Schools near 4231 West Madison Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 12
Public - 9 to 12
Rating
School
Distance
Hefferan Elementary School
PublicPK to 8

Marshall Metropolitan High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4231 West Madison Street is a mixed use property for sale in Chicago, IL 60624. This property was listed for sale on February 23, 2026 by Keller Williams Preferred Rlty, it's currently listed at $550,000. This listing's school district is Chicago Public Schools. Nearby schools include Hefferan Elementary School, Marshall Metropolitan High School and Art in Motion Charter School. 4231 West Madison Street is a 0-bed, 0-bath, mixed use property built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred Rlty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/01/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.