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Financial
Distress signals
Property profile

4041 W Madison St Chicago, IL 60624

FOR SALE
Retail space
Property ID
US28-0318727
16,550 SF 0.14 ac lot Built 1904
Last sale Aug 2026 · $305,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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4041 W Madison St, Chicago, IL 60624 For Sale
$350,000 16,550 SF
4041 W Madison St, Chicago, IL 60624
View Listing

Property summary

AI-generated overview

This mixed-use building contains approximately 15,600 square feet and is located in the Pulaski and Madison retail corridor. The first floor is configured for retail use and is built out as retail space. The upper floors have a largely open layout and are designed in a way that could accommodate development for uses such as office, creative space, or residential apartments. The property is situated within an area that includes both local and national retail businesses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$95k
Tax billed · 2022
Assessed value$391k
Assessed land$19k
Assessed improvement$372k
Effective rate24.36%

Value estimate

· Oct 2026
$640k
$576k – $704k
Submarket $/SF estimate$2.03M
NOI build-up
Gross scheduled income$337k
Vacancy & credit loss−$29k
Operating expenses−$92k
NOI · 61.66% cap applied$216k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$84/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$34 – $149
Qualifying comparables8

Cap rate analysis

How does the asset earn?
61.66%
$216k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm40.5
Realty agency37.8
Dental Office26.6

Location

4041 W Madison St Chicago, IL 60624
County assessor Recorded deeds · 6 transfers 8 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4002 Van Buren, Chicago, IL 60624-2746 $90,000 Jul 2025 5,800 SF
3437 Roosevelt, Chicago, IL 60624 $2,600,000 Apr 2025 14,300 SF
121 Pulaski, Chicago, IL 60624-2322 $325,000 Dec 2024 4,700 SF
3300 Roosevelt, Chicago, IL 60624-4335 $6,385,500 Jul 2024 17,500 SF
3451 Roosevelt, Chicago, IL 60624-4339 $1,300,000 Apr 2024 8,700 SF
420 Pulaski, Chicago, IL 60624-3151 $1,500,000 Apr 2023 16,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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