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    4900 W Madison St Chicago, IL 60644

    Sponsored
    For Sale
    Contact for pricing

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.19 Acres
    Days on Market:
    60
    Last Refresh:
    Jan 7 at 10:06 pm

    Property Features for 4900 W Madison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 17, Bedroom 24, Bathroom 7, Bathroom 23, Bedroom 21, Bedroom 22, Bathroom 13, Bedroom 6, Bathroom 9, Bedroom 1, Bedroom 12, Bathroom 5, Bathroom 22, Bedroom 9, Bedroom 14, Bathroom 20, Bathroom 6, Bathroom 21, Bedroom 3, Bedroom 10, Bedroom 15, Bathroom 15, Bathroom 27, Bedroom 2, Bedroom 19, Bathroom 4, Bedroom 26, Bedroom 18, Bathroom 10, Bathroom 19, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 17, Bedroom 25, Bathroom 26, Bathroom 12, Bedroom 16, Bathroom 1, Bedroom 23, Bathroom 2, Bathroom 25, Bedroom 8, Bathroom 8, Bedroom 13, Bathroom 3, Bathroom 24, Bathroom 14, Bedroom 20, Bedroom 11, Bathroom 11, Bathroom 16, Bathroom 18
    Bedrooms
    26
    APN
    16094270340000
    Lot size
    0.19 Acres

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    29
    Building materials
    Brick

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Marcus Carter (312) 638-3341

    Listing date Nov 9, 2025

    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

    Turn-Key Mixed-Use Building in Chicago

    This 27-unit mixed-use building, fully gut-rehabbed in 2023, presents a cash-flowing asset in a sought-after Chicago rental market. The property includes 27 fully occupied apartments, featuring a mix of eighteen 1-bedroom units, four 2-bedroom units, and five studio apartments, along with two leased commercial storefronts. Each unit is equipped with new kitchens featuring granite countertops, modern appliances, and in-unit washers and dryers. Building upgrades encompass a new roof, porch, HVAC system, plumbing, electrical systems, windows, and flooring. The property is located in Chicago, IL 60644, Cook County, on a lot of 0.19 acres. The zoning is MULTI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7479411
    Latitude
    41.8808661

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    FAQs

    What type of property is this?
    Apartment building - 27-unit mixed-use building, fully rehabbed in 2023, prime location.
    Where is this apartment building located?
    The property is located at 4900 W Madison St Chicago, IL.
    What are key features of this property?
    This property features: - Fully gut-rehabbed in 2023 with new roof, porch, HVAC, plumbing, electrical, windows, and floors.; - Turn-key, cash-flowing 27-unit mixed-use building in a hot rental market.; - 27 fully occupied apartments: (18) 1-beds, (4) 2-beds, and (5) studios.
    (773) 745-1000
    Request Owner's contact information
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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
    4900 W Madison St Chicago, IL 60644
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