4041 W Madison Street, Chicago, IL 60624 - Photo 1

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$349,000

For Sale
Active
Store
15,600 Sq. Ft.
Updated 9 days ago

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Property Description

Pulaski and Madison retail corridor, a 15,600 square foot mixed-use building is available for sale. The first floor is built out with retail space and both spaces are rented. The upper floors are vacant with an open layout ready to be developed as office, creative or apartment space. Nearby businesses are a mix of local and national retail users. This is a great opportunity for a user or investor looking to add value.

Full Property Details

Full Property Details for 4041 W Madison St

General

Price: $349,000
Taxes: $20,781 (2023)
Status: Active
Type: Store
Source: MRED
MLS ID: 12097827
Updated: 3/25/2026
Added to Site: 630 day(s) ago

Location

Area: CHI - West Garfield Park
County: Cook
Driving Directions: Madison, west of Pulaski to property.

Heating & Cooling

Cooling Type: Central Individual
Heating Type: Forced Air

Structural Information

Stories/Levels: 3
Square Feet: 15,600
Year Built: 1904

Unit Information

# Tenants: 2

Lot Features

Lot Size (Sq. Ft.): 6,072
Lot Dimensions: 50 x 121.45
Frontage: City Street
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Insurance Fee: $8,500
Assessment Year: 1904
Tax Amount: $20,781
Tax Year: 2023
Tenant Pays: Air Conditioning, Electricity, Heat, Operating Stops, Trash Collection

Disclosures and Reports

Property ID: 16152030070000

Listed by Altura Realty Inc.

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— 4041 W Madison St —

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Schools

Schools serving 4041 W Madison St

School District:Chicago Public School District 299

Name	Grades	Distance
Tilton Elementary School, Chicago, IL 223 North Keeler Avenue, Chicago, IL 60624	PK-8	0.3 mi
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624	12-11	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4041 W Madison St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/19/2026

Price Reduced

$349,000

-11.65%

MLS

1/20/2026

Price Reduced

$395,000

-7.04%

MLS

1/08/2026

Price Reduced

$424,900

-3.43%

MLS

12/16/2025

Price Increased

$440,000

7.58%

MLS

12/01/2025

Price Reduced

$409,000

-2.39%

MLS

11/02/2025

Price Reduced

$419,000

-2.33%

MLS

9/02/2025

Price Reduced

$429,000

-1.38%

MLS

6/16/2025

Price Reduced

$435,000

-3.33%

MLS

7/12/2024

Listed

$450,000

—

MLS

Get Price Alerts and Save Property

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 4041 W Madison St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$20,781

-78%

$82,500

-79%

2022

$95,221

383%

$390,934

374%

2021

$19,706

$82,500

—

2020

$18,352

11%

$82,109

—

2019

$16,552

46%

$82,109

44%

2018

$11,302

20%

$57,032

31%

2017

$9,414

-32%

$43,580

-37%

2016

$13,860

18%

$69,201

2015

$11,795

12%

$64,367

13%

2014

$10,529

16%

$56,749

14%

2013

$9,051

11%

$49,766

10%

2012

$8,142

—

$45,374

—

View All

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 4041 W Madison St

4041 W Madison Street, Chicago, IL 60624 (MLS# 12097827) is a Store property. 4041 W Madison Street is currently listed for $349,000 and was received on July 12, 2024. Want to learn more about 4041 W Madison Street? Do you have questions about finding other Store real estate for sale in West Garfield Park? You can browse all West Garfield Park real estate or contact a Coldwell Banker agent to request more information.

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4041 W Madison St Chicago, IL 60624