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    3948 W Madison St Chicago, IL 60624

    Picture of Storefront properties at W Madison St 3948, Chicago, IL
    For Sale
    $135,000

    Retail - Chicago, IL

    Type:Retail
    Property size:
    3,300 SF
    Days on Market:
    44
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 3948 W Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    16113110100000
    Size
    3,300 SF

    Building Details

    Year built
    1929
    Architectural style
    Other

    Realty One Group Excel (630) 816-5397 [email protected]

    Listing agent Mohammad Fatani (630) 239-7400 License #475202050

    Listing date Oct 31, 2025

    MLS# 12508429 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

    Chicago Retail Storefront For Sale

    A storefront property is available for sale or lease in Chicago, Illinois. The building requires complete rehabilitation, including plumbing and electrical work. The seller is open to leasing the property for $1500 per month, with the tenant responsible for the rehabilitation. Alternatively, the property is for sale. The building is in need of significant repair and rehabilitation. The property has a size of 3300 square feet and is located in Chicago, IL 60624.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Henderson Studio Plastic Fabrication Company

    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
    -87.7250251
    Latitude
    41.8810492

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    FAQs

    What type of property is this?
    Storefront property - Storefront for sale or lease in Chicago, Illinois.
    Where is this storefront property located?
    The property is located at 3948 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Opportunity to own a commercial storefront for just $140,000.; - Option to lease the storefront for $1500/month.; - Flexibility to completely rehabilitate the building to suit your specific needs.
    (630) 239-7400
    Request Owner's contact information
    3948 W Madison St Chicago, IL 60624
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    Chicago, IL 60624
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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
    3948 W Madison St Chicago, IL 60624
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