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!
Property Details
Price:
$499,900
MLS #:
MRD12669668
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chiwestgarfieldpark
Listed Date:
Jun 5, 2026
Total Sq Ft:
10,500
Year Built:
1908
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Tax Year
2023
Taxes
$4,958
Map
Community
- Address4231 W Madison Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60624
Market Summary
Current real estate data for Commercial in Chicago as of Jun 16, 2026
914
Commercial Listed
186
Avg DOM
$991,263
Avg List Price
Property Summary
- 4231 W Madison Street Chicago IL is a Commercial for sale in Chicago, IL, 60624. It is listed for $499,900
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Copyright 2026. All rights reserved.
4231 W Madison Street
Chicago, IL


