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    4718 W Madison St Chicago, IL 60644

    Sponsored
    Picture of Land at W Madison St 4718, Chicago, IL
    For Sale
    $140,000

    LAND - Chicago, IL

    Days on Market:
    3
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 4718 W Madison St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    16103280320000

    Keller Williams Success Realty (847) 381-9500 [email protected]

    Listing agent Michael Tanzillo (630) 901-2168

    Listing date Jan 8, 2026

    MLS# 12523940 Listing URL

    Copyright © 2026 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 West Side Development Opportunity

    This vacant lot presents a prime development opportunity on Chicago's West Side, offering 4987 square feet of land with excellent visibility along Madison Street. The property is zoned B3-2, which allows for mixed-use, commercial, or multi-unit residential development; however, the buyer is responsible for verifying zoning regulations. The surrounding area is undergoing revitalization and features new businesses, parks, public transit options, and various neighborhood amenities. This location is suitable for investors, builders, or owners seeking to establish long-term value in an emerging corridor. The property offers the potential to build in a growing area with strong future upside.
    Property Profile Insight Report 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 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
    -87.743656
    Latitude
    41.880922

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    FAQs

    What type of property is this?
    Land - Vacant lot in growing area with strong future upside.
    Where is this land located?
    The property is located at 4718 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Prime development opportunity in Chicago's West Side.; - 4987 sq ft vacant lot with excellent visibility on Madison Street.; - Zoned B3-2, allowing mixed-use, commercial, or multi-unit residential development.
    (630) 901-2168
    Request Owner's contact information
    4718 W Madison St Chicago, IL 60644
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    Chicago, IL 60644
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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
    4718 W Madison St Chicago, IL 60644
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