Brick Storefront with Storm
For Sale
$285,000
2931 W Madison Street, Chicago, IL 60612
The interior is arranged for two offices and includes two partially installed washrooms.
Property Size3,000 SF
Price / SF$95
Days on Market350
Property Features for 2931 W Madison Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
COMMERCIAL
Property Condition
Severity
Major Repairs Needed
Evidence
The structure will require significant tuckpointing and masonry work.
Site & Location
Neighborhood
East Garfield Park
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$16,101
Amenities
storm shutters
roughed in washrooms
Building Details
Building Size
3,000 SF
Year Built
1899
Buildings
1
Construction
brick
Listing Agency:
Coldwell Banker Realty
(312) 266-7000
Listed By:
Bruce Heller · License #471007740
(312) 320-8245
Source:
Joy-residential
Added: Nov 11, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 3,000-SF brick storefront dates to 1899 and occupies the full lot. Storm shutters cover the storefront facade. Inside, framing outlines two offices, and two washrooms have rough-ins but are not finished. The building is configured for 400 AMP electrical service, but it currently has no power and the service requires reconnection.
The structure needs substantial masonry and tuckpointing work, and roofline coping stones are missing. A portion of the wood floor also requires replacement, and the property needs a new HVAC system. It is offered in its current condition. The site is within a Federal Opportunity Zone; tax incentives and accelerated depreciation may apply to qualified improvements.
The structure needs substantial masonry and tuckpointing work, and roofline coping stones are missing. A portion of the wood floor also requires replacement, and the property needs a new HVAC system. It is offered in its current condition. The site is within a Federal Opportunity Zone; tax incentives and accelerated depreciation may apply to qualified improvements.
Key Highlights
- 3,000 SF brick storefront built in 1899
- Storm shutters cover the storefront facade
- Interior framing for two offices and rough‑ins for two washrooms
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Dollar Tree
Shops & Services
16,435 visits/mo
0.2 miles
Family Dollar
Shops & Services
13,005 visits/mo
0.4 miles
BP
Shops & Services
7,041 visits/mo
0.4 miles
JJ Fish & Chicken
Dining
1,583 visits/mo
0.4 miles
Pollo Campero
Dining
291 visits/mo
0.2 miles
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
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Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - The interior is arranged for two offices and includes two partially installed washrooms.
Where is this storefront property located?
The property is located at 2931 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 3,000 SF brick storefront built in 1899; Storm shutters cover the storefront facade; Interior framing for two offices and rough‑ins for two washrooms
