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    2943 W Madison St Chicago, IL 60612

    Sponsored
    Picture of Mixed-use properties at W Madison St 2943, Chicago, IL
    For Sale
    $469,999

    LAND - Chicago, IL

    Lot size:
    0.44 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2943 W Madison St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16131030470000
    Lot size
    0.44 Acres

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Robert Grilli (708) 337-2385

    Listing date Jan 5, 2026

    MLS# 12466272 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Land Near 1901 Development

    This property, located 1.4 miles from the 1901 Development, offers potential for mixed-use investment. Zoned C1-1, the 0.44-acre site is suitable for both commercial and residential development. The location provides access to public transportation and is surrounded by a range of amenities. Situated in East Garfield Park, which is undergoing revitalization, this property may appeal to investors seeking future growth opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.700463
    Latitude
    41.880766

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use investment opportunity near transformative 1901 Development in Chicago.
    Where is this mixed-use property located?
    The property is located at 2943 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $469,999.
    What are key features of this property?
    This property features: - Excellent potential for mixed-use investment due to C1-1 zoning.; - Strategic location just 1.4 miles from the transformative 1901 Development.; - Situated in East Garfield Park, experiencing rapid revitalization.
    (708) 337-2385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2943 W Madison St Chicago, IL 60612
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