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    4121 W Madison St Chicago, IL 60624

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    For Sale
    $135,000

    Income-producing mixed-use property featuring storefronts and residential unit.

    Property Features for 4121 W Madison St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1915

    Source: INFINITI PROPERTIES, INC. Agent BRUCE STAFFORD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Storefronts

    This mixed-use property presents an investment opportunity, featuring two ground-floor storefronts, one of which is currently operating as a barbershop. The property also includes a spacious two-bedroom apartment on the upper level. This apartment offers the potential to be converted into a three-bedroom residence, although it requires rehabilitation. The property is being sold in As-Is condition, and the buyer will be responsible for addressing any existing City Code Violations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Place2Place Transportation Transportation Service True Fashion Used Clothing Store Q & S Financial ... Accountant

    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
    -87.729017
    Latitude
    41.8803621

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    FAQs

    What type of property is this?
    Mixed-use property - Income-producing mixed-use property featuring storefronts and residential unit.
    Where is this mixed-use property located?
    The property is located at 4121 W Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Income-producing mixed-use property.; - Two ground-floor storefronts, one currently operating as a barbershop.; - Spacious two-bedroom apartment above.
    (708) 206-3000
    Request Owner's contact information
    4121 W Madison St 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
    4121 W Madison St Chicago, IL 60624
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