Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    4153 Madison St Chicago, IL 60624

    Sponsored
    For Sale
    $40,000

    Prime Chicago Lot: B3-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.07-acre commercial land parcel, located at 4153 W Madison St in Chicago, Illinois (zip code 60624), presents a unique investment opportunity. The property, measuring 25 feet by 122 feet, boasts a highly desirable B3-2 zoning designation, allowing for a diverse range of commercial and potentially multifamily developments. Situated in a densely populated area with heavy daytime traffic, this vacant lot offers unparalleled visibility and accessibility. The land's strategic location is directly across the street from numerous mixed-use buildings, ensuring a vibrant and established surrounding environment. Built in 2022, this site is ready for immediate development. The asking price is $40,000, translating to a land value of $13.12 per square foot. This presents a compelling opportunity for developers seeking a well-positioned site in a thriving Chicago neighborhood. The Cook County location and proximity to established businesses make this a highly attractive investment prospect. Don't miss this chance to acquire a prime piece of Chicago real estate with significant development potential.

    Property Features for 4153 Madison St

    General Information

    Property type
    Land
    Lot Size
    3,049 SF

    HighLights

    • High‑Density Population Area
    • High Daily Traffic Counts
    • B3‑2 Zoning Classification
    • Newly Constructed in 2022
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.7302094
    Latitude
    41.8804106

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • New
      $4,240,000
      0.46 Acres

      Bronzeville Collection: Turnkey Multifamily Portfolio

      Classic Chicago multifamily property with extensive renovations and abundant investment opportunities.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • New
      $8,360,000
      0.46 Acres

      Bronzeville Multifamily Investment Opportunity

      31-unit multifamily property in Chicago's Bronzeville neighborhood near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,699,000
      Pending

      Six-Unit Multifamily Building in Chicago

      Well-maintained, fully rented six-unit building with architectural details.
      1509 W Thomas St, Chicago, IL 60642
      View Details
    • $1,049,000

      Four-Unit Multifamily Investment Opportunity

      Four units in Chicago's east Washington Park neighborhood.
      5644 S Prairie Ave, Chicago, IL 60637
      View Details
    • New
      $1,045,000

      Washington Park Four-Unit Investment Opportunity

      Four-unit property in east Washington Park with modern improvements.
      5331 S Calumet Ave, Chicago, IL 60615
      View Details
    • $4,000,000

      Renovated 9-Unit Building in Chicago

      Fully renovated 9-unit building near Hyde Park and lakefront.
      442-444 E 48Th St, Chicago, IL 60615
      View Details
    • New
      Contact for pricing

      Rehabbed Two-Unit Property in Chicago

      Spacious, rehabbed two-unit property with modern amenities and open floor plan.
      2117 N Mulligan Ave, Chicago, IL 60639
      View Details
    • New
      $2,595,000

      Renovated Mixed-Use Building in Lincoln Park

      Two-tenant commercial/residential building near Lincoln Park with long-term income.
      1950 N Sedgwick St, Chicago, IL 60614
      View Details
    • $1,365,000
      0.17 Acres

      South Shore Multifamily Investment Opportunity

      Value-add 12-unit property near Lake Michigan and public transportation.
      7839 S Kingston Ave, Chicago, IL 60649
      View Details

    FAQs

    What type of property is this?
    Land - Prime Chicago Lot: B3-2 Zoning
    Where is this land located?
    The property is located at 4153 Madison St Chicago, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: High-Density Population Area; High Daily Traffic Counts; B3-2 Zoning Classification
    Request Owner's contact information
    4153 Madison St Chicago, IL 60624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4153 Madison St
    Chicago, IL 60624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4153 Madison St Chicago, IL 60624
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.