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$650,000

  • For Sale
  • Active
  • Commercial
  • 10,500 Sq. Ft.
See This Home
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This expansive 10,500 square foot mixed-use commercial property presents an outstanding opportunity for investors, developers, or business owners seeking strong income potential and low operating costs in a high-traffic area. The main level features a prominent, wide-open storefront with excellent visibility-perfect for retail, showrooms, or hospitality concepts. Its open layout allows for flexible customization to suit a variety of business needs. The upper levels offer incredible potential for office use, creative studios, or even residential conversion-creating multiple income streams under one roof. Whether you're seeking a value-add investment, a high-performing asset, or a signature location for your business, this property delivers. Schedule a private tour today and explore the potential!

Full Property Details for 4231 W Madison St

General

  • Price: $650,000
  • Taxes: $4,958 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12409857
  • Updated: 10/15/2025
  • Added to Site: 198 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - West Garfield Park
  • County: Cook
  • Driving Directions: Take I-290 West, exit at Central Avenue, then head south, turn right (west) onto Madison Street and continue to 4231 W Madison St in Chicago's West Garfield Park
  • Location Details: Chicago West

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Stories/Levels: 3
  • Square Feet: 10,500
  • # of Stores: 1
  • Year Built: 1908
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 6,250
  • Lot Dimensions: 50 x 125

Financial Considerations

  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1908
  • Tax Amount: $4,958.16
  • Tax Year: 2023
  • Pays Electric: 600

Disclosures and Reports

  • Property ID: 16152010080000

Listed by Keller Williams Preferred Rlty

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— 4231 W Madison St —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4231 W Madison St

School District:Chicago Public School District 299
NameGradesDistance
Hefferan Elementary School
4409 West Wilcox Street, Chicago, IL 60624
PK-80.3 mi
Marshall Metropolitan High School
3250 West Adams Street, Chicago, IL 60624
12-111.3 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 4231 W Madison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2025
Price Reduced
$650,000
-3.7%
MLS
7/03/2025
Listed
$675,000
—
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 for 4231 W Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,958
4%
$22,999
—
2022
$4,769
2%
$22,999
—
2021
$4,698
14%
$22,999
6%
2020
$4,139
-3%
$21,619
-12%
2019
$4,261
2%
$24,567
—
2018
$4,188
-32%
$24,567
-22%
2017
$6,116
5%
$31,687
—
2016
$5,846
10%
$31,687
—
2015
$5,326
-1%
$31,687
1%
2014
$5,368
2%
$31,500
—
2013
$5,251
1%
$31,500
—
2012
$5,205
—
$31,500
—
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.

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NMLS#: 1598647

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4231 W Madison Street, Chicago, IL 60624 (MLS# 12409857) is a Commercial property. 4231 W Madison Street is currently listed for $650,000 and was received on July 03, 2025. Want to learn more about 4231 W Madison Street? Do you have questions about finding other Commercial 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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