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    4456 W Madison St Chicago, IL 60624

    For Sale
    $500,000

    Land - Chicago, IL

    Days on Market:
    86
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 4456 W Madison St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16103310200000

    Building Details

    Architectural style
    Other

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

    Listing agent Jerome Lanier (708) 798-1111 License #475178028

    Listing date Sep 13, 2025

    MLS# 12465892 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

    West Garfield Park Land Opportunity

    Six continuous lots totaling approximately 39,500 square feet are available on Madison Street in West Garfield Park, Chicago. The property is zoned B3-2, suitable for shopping centers, large stores, and retail storefronts, with the possibility of constructing apartments above the ground floor. This presents an opportunity for developers or investors interested in establishing retail, mixed-use, or multi-family housing in an expanding area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -87.736954
    Latitude
    41.8809078

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    FAQs

    What type of property is this?
    Commercial land - Six continuous lots in West Garfield Park, ideal for development.
    Where is this commercial land located?
    The property is located at 4456 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Six continuous lots totaling approximately **39,500 square feet**.; - Zoned B3-2, ideal for shopping centers, large stores, and retail storefronts.; - Apartments permitted above the ground floor, allowing for mixed-use development.
    (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
    4456 W Madison St Chicago, IL 60624
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