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    4231 W Madison St Chicago, IL 60624

    For Sale
    $650,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    10,500 SF
    Days on Market:
    67
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 4231 W Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    16152010080000
    Size
    10,500 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1908
    Number of units
    6
    Architectural style
    Other

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent James Mattz (708) 798-1111 License #471014052

    Listing date Oct 9, 2025

    MLS# 12409857 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 Commercial Property in Chicago

    This 10,500 square foot mixed-use commercial property is located in Chicago, IL. The property offers an opportunity for investors, developers, or business owners. The main level features a wide-open storefront with visibility, suitable for retail, showrooms, or hospitality concepts. The open layout allows for customization to suit business needs. The upper levels offer potential for office use, creative studios, or residential conversion, creating income streams. The property may be suitable as a value-add investment, a high-performing asset, or a location for business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brooks Brothers Furniture ... Electronics Store Wonder Tea Store Brooks Bros Salon Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7318289
    Latitude
    41.8803419

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    FAQs

    What type of property is this?
    Mixed-use property - 10,500 sq ft mixed-use property with income potential.
    Where is this mixed-use property located?
    The property is located at 4231 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-traffic location offers **strong income potential**.; - Expansive 10,500 square foot mixed-use commercial property.; - Prominent, **wide-open storefront with excellent visibility**.
    (708) 798-1111
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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
    4231 W Madison St Chicago, IL 60624
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