Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3960 W Madison St Chicago, IL 60624

    Picture of Mixed-use properties at W Madison St 3960, Chicago, IL
    For Sale
    $750,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    43,300 SF
    Days on Market:
    27
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 3960 W Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    16113110030000
    Size
    43,300 SF

    Building Details

    Year built
    1929
    Number of units
    4
    Architectural style
    Other

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

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

    Listing date Nov 11, 2025

    MLS# 12508428 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

    Mixed-Use Building in Chicago

    This mixed-use building, located in Chicago, Illinois, is available for sale or lease. The property features a leased bottom floor with vacant office floors above, requiring complete rehabilitation, including plumbing and electrical work. Each floor offers 9,000 square feet, contributing to a total property size of 43,300 square feet. The seller is open to leasing each floor at $1,200 per month, with the tenant responsible for the rehabilitation, or selling the entire building. The building is located at 3960 W Madison Street, Chicago, IL 60624 and is in need of TLC/rehab.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Repsbunny Consultant Tops and Bottoms Madison Shoe Store SAVAR Clothing Store Tops and Bottoms USA Clothing Store Kids Premium Clothing Baby Clothing Store

    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
    -87.7254988
    Latitude
    41.8809985

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000

      Bronzeville Multifamily Investment Opportunity

      Completely renovated 31-unit apartment building near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • New
      $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • New
      $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,399,000
      10,500 SF

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in a vibrant Chicago neighborhood.
      526 N Western Ave, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building for sale or lease in Chicago, Illinois.
    Where is this mixed-use property located?
    The property is located at 3960 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Large floor plates: Each floor offers 9,000 sq ft of space.; - Mixed-use potential: Building suitable for both commercial and residential purposes.; - Flexible lease option: Seller offers a lease option at $1200/month per floor with tenant responsible for rehabilitation.
    (630) 239-7400
    Request Owner's contact information
    3960 W Madison St Chicago, IL 60624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3960 W Madison St
    Chicago, IL 60624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3960 W Madison St Chicago, IL 60624
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.