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$4,999,000
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Property Description
EXQUISITE WEST LOOP LIVE/WORK BUILDING IN IT'S ENTIRETY WITH 9 SECURE PARKING SPACES CAN NOW BE YOURS! Discover an unparalleled blend of sophistication, modern convenience, and historic Chicago charm in this luxurious 8,490sq. ft. live/work property with 4000 sq. ft. basement, perfectly situated in the highly sought-after West Loop neighborhood on coveted Madison Street. The second floor of this property has been completely gutted and reimagined to offer an extraordinary living and working experience, seamlessly blending opulent residential comfort with a dynamic professional space that is waiting to be built to suit. The second-floor luxury condo promises an exceptional level of craftsmanship and design. Ascend via your private elevator to discover a meticulously designed, 4,000 sq. ft. 3-bedroom, 3.5-bath residence with soaring 17-foot ceilings. Every detail of this expansive unit exudes elegance and modernity, from the open-concept living space bathed in natural light and floor to ceiling book match marble fireplace to the gourmet kitchen featuring top-of-the-line appliances, custom cabinetry, and an extravagantly spacious Taj Mahal Island. The stunning great room seamlessly connects to a grand private terrace. Perfect for entertaining or unwinding, this outdoor retreat offers ample space for dinning, lounging and enjoying breathtaking views. The primary suite serves as a tranquil retreat, complete with a spa-like en-suite bath with radiant heated floors, double walk-in closets and sky light. While additional bedrooms offer en-suite baths, walk-in closets and ample space for family or guests. High-end finishes, designer fixtures, and smart home technology elevate the living experience to an entirely new level. The versatile first level presents a unique build-to-suit opportunity, ideal for professionals, entrepreneurs, and creatives seeking a bespoke workspace. This expansive 4,000 sq. ft. area, boasting soaring 17.5-foot ceilings, offers limitless potential such as establishing an elegant gallery with ample space to display prized artwork, host unforgettable gatherings with a spacious interior and an inviting courtyard for outdoor mingling. Elevate your golf game with a private indoor driving range, merging leisure and luxury. Create a culinary destination with an open layout designed for showcasing culinary excellence. Design a serene wellness retreat complete with treatment rooms and tranquil ambiance. Imagine creating a hidden gem where only a select few guests access-an exclusive speakeasy retreat with a secret garden escape. Whether you're a musician, content creator, or business visionary, the soundproof space offers endless possibilities. With the potential for a fully equipped sound or video recording studio, you can bring your creative projects to life right from home. Imagine producing music, podcasts, or videos in a space designed for inspiration and innovation. Perfect for professional and hobbyists alike, this home offers the ideal blend of work and play in a setting that fuels creativity. This property isn't just a home it's an entrepreneur's dream come true! The perfect blend of luxury, mystery and ambiance awaits. This space is waiting to be transformed, bringing a vision to life! Additionally, this exceptional property includes 9 private parking spaces, a rare and invaluable asset in the heart of the city. The parking lot presents a prime opportunity for additional development, allowing the new owner to further enhance this remarkable space. Whether you seek an upscale residential haven, a dynamic professional environment, or a combination of both, this West Loop masterpiece delivers on every level. Don't miss the chance to claim this extraordinary property and shape it into your ultimate vision of luxury and functionality.
Full Property Details
Full Property Details for 1219 W Madison St
General
- Price: $4,999,000
- Taxes: $65,830 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12461837
- Updated: 9/22/2025
- Added to Site: 135 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Take I-90 to Madison, west on Madison.
- Location Details: Chicago West, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 8,000
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 2004
Lot Features
- Lot Size (Sq. Ft.): 8,712
- Lot Dimensions: 45 x 189
- Potential Use: Commercial
Financial Considerations
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 2004
- Tax Amount: $65,830
- Tax Year: 2023
Disclosures and Reports
- Property ID: 17171050110000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 1219 W Madison St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Skinner Elementary School 111 South Throop Street, Chicago, IL 60607 | PK-5 | 0.1 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1219 W Madison St
Date
Details
Price
Change
Source
9/16/2025
Price Reduced
$4,999,000
-4.78%
MLS
9/03/2025
Listed
$5,250,000
467.57%
MLS
5/22/2009
Sold
$925,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1219 W Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$65,830
3%
$310,940
—
2022
$64,173
2%
$310,940
—
2021
$62,733
-2%
$310,940
8%
2020
$64,320
11%
$287,770
—
2019
$58,010
2%
$287,770
—
2018
$57,029
-7%
$287,770
1%
2017
$61,570
8%
$285,034
—
2016
$57,089
9%
$285,034
—
2015
$52,231
23%
$285,034
25%
2014
$42,442
2%
$228,750
—
2013
$41,604
1%
$228,750
—
2012
$41,048
—
$228,750
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1219 W Madison St
1219 W Madison Street, Chicago, IL 60607 (MLS# 12461837) is a Commercial property. 1219 W Madison Street is currently listed for $4,999,000 and was received on September 03, 2025. Want to learn more about 1219 W Madison Street? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

