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    3153 W Madison St Chicago, IL 60612

    For Sale
    $125,000

    Land - Chicago, IL

    Lot size:
    0.11 Acres
    Days on Market:
    360
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 3153 W Madison St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    16131000030000
    Lot size
    0.11 Acres

    Building Details

    Architectural style
    Other

    Arleatha Kelly (708) 628-4195 [email protected]

    Listing agent Arleatha Kelly (708) 628-4195 License #471017269

    Listing date Dec 13, 2024

    MLS# 12254610 Listing URL

    Copyright © 2025 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

    East Garfield Park Vacant Lot

    This vacant lot in East Garfield Park presents a development opportunity near Madison Street and Kedzie Avenue. The 0.11-acre property is ready for development into a dream home or investment property. The location offers proximity to public transportation and easy access to downtown Chicago. Nearby attractions include The Hatchery, The Golden Dome, and Chicago Stadium, which is approximately 5-10 minutes away. Transportation options include Interstate 290 (Eisenhower Expressway) and Chicago Transit Authority (CTA) EL train stops at Kedzie/Homan, as well as CTA bus service on Madison Street and Kedzie Avenue. The property is zoned COMMR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Madison Terrace Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.705181
    Latitude
    41.880614

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    FAQs

    What type of property is this?
    Commercial land - Vacant lot in up-and-coming Chicago neighborhood near transportation.
    Where is this commercial land located?
    The property is located at 3153 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Vacant lot ready for development - build your dream home or investment property.; - Prime location near Madison Street and Kedzie Avenue.; - Close proximity to public transportation with CTA EL train and bus routes.
    (708) 628-4195
    Request Owner's contact information
    3153 W Madison St Chicago, IL 60612
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    Chicago, IL 60612
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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
    3153 W Madison St Chicago, IL 60612
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