4805 W Madison Street, Chicago, IL 60644 - Photo 1

1/1

$450,000

Sold
Closed
Commercial
7,992 Sq. Ft.

1/1

Property Description

GREAT INVESTMENT OPPORTUNITY! This spacious mixed-use building offers incredible potential with multiple income streams. Featuring three commercial spaces - perfect for any business - including a fully equipped, operational BBQ restaurant (all fixtures included), salon suites, and a banquet hall. Above, you'll find two 2BR/2BTH apartments that need some work - a fantastic value-add opportunity. The property also includes a 10-car parking lot and sits on a high-traffic, high-visibility street in the vibrant Austin community. Ideal for investors, business owners, and those seeking prime real estate with strong income potential. Don't miss this exceptional opportunity!

Full Property Details

Full Property Details for 4805 W Madison St

General

Sold For: $450,000
Taxes: $4,430 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12309715
Added to Site: 300 day(s) ago

Location

Area: CHI - Austin
County: Cook
Driving Directions: CICERO TO MADISON AND THEN WEST TO BUILDING
Location Details: Chicago West

Heating & Cooling

Cooling Type: None
Heating Type: Central Building Heat

Structural Information

Construction: Brick, Masonite
Exterior Const.: Brick, Masonite
Stories/Levels: 2
Square Feet: 7,992
# of Stores: 3
Year Built: 1908
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 9,750
Lot Dimensions: 9750 SQ. FT.
Zoning: COMMR

Financial Considerations

Assessment Year: 1908
Tax Amount: $4,430.56
Tax Year: 2023
Tenant Pays: Electricity

Disclosures and Reports

Property ID: 16162020180000

Listed by Re/Max Loyalty
Sold by Non Member

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 4805 W Madison St —

Re/Max Loyalty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 4805 W Madison St

School District:Chicago Public School District 299

Name	Grades	Distance
Spencer Technology Acad Elementary School 214 North Lavergne Avenue, Chicago, IL 60644	PK-8	0.4 mi
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612	12-11	2.4 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 4805 W Madison St

Date

Details

Price

Change

Source

8/06/2025

Sold

$450,000

-10%

MLS

3/21/2025

Listed

$500,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

5113 W 32nd St, Cicero, IL 60804 - Photo 1

Just Listed

$309,900

5113 W 32nd St Cicero, IL 60804

Multi-Family
Active
Updated 2 days ago

4
Total Beds

3136 S 54th Ave, Cicero, IL 60804 - Photo 1

Just Listed

$319,999

3136 S 54th Ave Cicero, IL 60804

Single Family
Active
Updated 1 day ago

6
Beds
2
Total Baths
1,400
Sq. Ft.

1417 S 48th Ct, Cicero, IL 60804 - Photo 1

Just Listed

$424,900

1417 S 48th Ct Cicero, IL 60804

Multi-Family
Active
Updated 4 days ago

5
Total Beds

3733 S 57th Ave, Cicero, IL 60804 - Photo 1

Just Listed

$219,900

3733 S 57th Ave Cicero, IL 60804

Condo / Townhouse
Active
Updated 3 days ago

2
Beds
1
Total Bath
1,100
Sq. Ft.

5734 W Cermak Rd, Cicero, IL 60804 - Photo 1

Price Reduced

-$36,000 (-5.26%)

$649,000

5734 W Cermak Rd Cicero, IL 60804

Lots/Land
Active
Updated 16 hours ago

1809 S 49th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$10,000 (-3.23%)

$299,900

1809 S 49th Ave Cicero, IL 60804

Multi-Family
Active
Updated 4 days ago

3
Total Beds

1337 S Austin Blvd, Cicero, IL 60804 - Photo 1

Price Reduced

-$10,000 (-1.74%)

$565,000

1337 S Austin Blvd Cicero, IL 60804

Multi-Family
Active
Updated 5 days ago

5
Total Beds

3419 S 54th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$6,000 (-1.35%)

$439,900

3419 S 54th Ave Cicero, IL 60804

Multi-Family
Active
Updated 16 hours ago

5
Total Beds

4704 W Monroe St, Chicago, IL 60644 - Photo 1

Sold

$475,000

4704 W Monroe St Chicago, IL 60644

Multi-Family
Closed
Updated 1 day ago

8
Total Beds

4816 W Jackson Blvd, Chicago, IL 60644 - Photo 1

Sold

$450,000

4816 W Jackson Blvd Chicago, IL 60644

Multi-Family
Closed

8
Total Beds

4918 W Washington Blvd, Chicago, IL 60644 - Photo 1

Sold

$465,000

4918 W Washington Blvd Chicago, IL 60644

Multi-Family
Closed

9
Total Beds

5092 W Monroe St, Chicago, IL 60644 - Photo 1

Sold

$447,000

5092 W Monroe St Chicago, IL 60644

Multi-Family
Closed

6
Total Beds

4805 W Madison Street, Chicago, IL 60644 (MLS# 12309715) is a Commercial property that was sold at $450,000 on August 06, 2025. Want to learn more about 4805 W Madison Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

4805 W Madison St Chicago, IL 60644