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1340 W Madison Street #1, Chicago, IL 60607
$555,000
1340 W Madison Street #1, Chicago, IL 60607View this property at 1340 W Madison Street #1, Chicago, IL 60607
1340 W Madison Street #1ChicagoIL60607
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Property Description
Rarely available and uniquely designed duplex commercial condo For Sale on Madison Street in the booming West Loop neighborhood. The unit is light filled with floor to ceiling windows along bustling Madison Street. The property features a 1,500 square foot main floor with fifteen-foot tin ceiling, terra cotta tiled floors and exposed brick. Overlooking the main floor is a built-out lounge space with access to the private roof deck. The 1,500 square foot lower level features another lounge area with a 15-foot ceiling, and several storage rooms. The building is located in the flourishing and dynamic West Loop neighborhood which has seen a blistering population growth rate of more than 38% over the last decade. The unit is conveniently located next door to Johnny's IceHouse East and just a few blocks from the United Center (home of the Chicago Bulls and Blackhawks). The area has also seen hundreds of companies relocate to the neighborhood including the world headquarters for McDonalds. The area also boasts many of Chicago's most popular restaurants along Randolph's Restaurant Row and the Fulton Market District. Easy access to 90/94 and 290 for travel in any direction. The unit is presently built out as a wine bar and also provides off-premises sales. The unit is also being sold along with the mirror unit at 1338 W Madison MLS #11694697.
Full Property Details
Full Property Details for 1340 W Madison St #1
General
- Sold For: $555,000
- Taxes: $10,505 (2021)
- Status: Closed
- Type: Commercial Residential Facility
- MLS ID: 11694690
- Added to Site: 480 day(s) ago
Additional Information
- Security/Safety: Hydrants on Site
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Ogden Ave to Madison Street, East on Madison Street to Property
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Ceiling Height: 15
- Stories/Levels: 4
- Square Feet: 20,000
- Current Bldg. Use: Commercial
- Year Built: 1996
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 5,100
- Lot Dimensions: 50 x 100
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Hydrants On Site
- Assessment Year: 1996
- Tax Amount: $10,505
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Insurance, Repairs, Scavenger, Sewer
Disclosures and Reports
- Property ID: 17083350261005
Listed by Be Realty, LLC
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Schools
Schools serving 1340 W Madison St #1
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1260 W Adams St, Chicago, IL 60607 | K-8 | 0.2 mi | |
54 N Hermitage Ave, Chicago, IL 60612 | K-8 | 0.5 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1340 W Madison St #1
Date
Details
Price
Change
Source
6/30/2023
Sold
$555,000
-5.77%
MLS
1/03/2023
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1340 W Madison Street #1, Chicago, IL 60607 (MLS# 11694690) is a Commercial Residential Facility property that was sold at $555,000 on June 30, 2023. Want to learn more about 1340 W Madison Street #1? Do you have questions about finding other Commercial Residential Facility 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.