Chicago West Side Development
For Sale
$30,000
4718 W Madison Street, Chicago, IL 60644
Land, Chicago, IL
Property SizeContact for details
Lot Size0.11 Acres
Days on Market268
Property Features for 4718 W Madison Street
General Information
Property type
Land
Property subtype
Other
Zoning
COMMR
Elementary school district
299
Middle school district
299
High school district
299
Directions
Cicero Ave to Madison East to property
Subdivision
CHI - Austin
Standard status
Active
APN
16103280320000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1236
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(847) 381-9500
Listed By:
Michael Tanzillo · License #475170089
(847) 381-9500
Added: Nov 25, 2025
Changed: Aug 19
Last Checked: Aug 20 at 3:06PM
MLS# 12523940
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.
Investment Insights
Based on property information with market context.
This vacant lot presents a development opportunity on Chicago's West Side, offering 4987 square feet of land with 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 neighborhood amenities. This location may be suitable for investors, builders, or owners seeking to establish long-term value in an emerging corridor.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Vacant lot in growing area with strong future upside.
Where is this commercial land located?
The property is located at 4718 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $30,000.
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.
