5351 W Madison Street, Chicago, IL 60644 - Photo 1

1/1

$300,000

Sold
Closed
Commercial
5,400 Sq. Ft.

1/1

Property Description

WOW! Long time (30+ year) owner offers this large 5400 square foot, well maintained, well managed and fully occupied all brick Mixed Use property that generates a solid $3,346/month ($40,152/year) positive cash flow (using accurate numbers including all operating expenses, taxes, etc.)! Long time tenants are three commercial spaces (barber school, a take-out restaurant, office) and four apartments consisting of a 2-bedroom unit and three studios. The commercial tenants pay their own electric. Fully fenced lot with plenty of parking. Plenty of road and foot traffic on Madison Street.

Full Property Details

Full Property Details for 5351 W Madison St

General

Sold For: $300,000
Taxes: $5,485 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12395609
Added to Site: 213 day(s) ago

Additional Information

Security/Safety: Fire Extinguisher(s), Other, Carbon Monoxide Detector(s)

Location

Area: CHI - Austin
County: Cook
Driving Directions: Laramie to Madison East to 5155
Location Details: Chicago West, Central Business District

Heating & Cooling

Cooling Type: Central Air Conditioning, Window Unit(s)
Heating Type: Forced Air

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 2
Square Feet: 5,400
# of Stores: 2
Year Built: 1900
Built Before 1978: Yes

Unit Information

# Tenants: 7

Lot Features

Lot Size (Sq. Ft.): 6,500
Lot Dimensions: 50 x 130

Financial Considerations

Operating Expenses: $44,448
Security Deposit: Fire Extinguisher/s, Other, Carbon Monoxide Detector(s)
Assessment Year: 1900
Tax Amount: $5,485.76
Tax Year: 2023

Disclosures and Reports

Property ID: 16161010140000

Listed by RE/MAX All Pro
Sold by Coldwell Banker Realty

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Schools

Schools serving 5351 W Madison St

School District:Chicago Public School District 299

Name	Grades	Distance
Depriest Elementary School 139 South Parkside Avenue, Chicago, IL 60644	K-8	0.4 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 5351 W Madison St

Date

Details

Price

Change

Source

10/24/2025

Sold

$300,000

-7.66%

MLS

6/17/2025

Listed

$324,900

—

MLS

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

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Just Listed

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4901 W 14th St Cicero, IL 60804

Commercial Lease
Active
Updated 2 days ago

3115 S 53rd Ct, Cicero, IL 60804 - Photo 1

Just Listed

$349,000

Open House

3115 S 53rd Ct Cicero, IL 60804

Single Family
Active
Updated 3 days ago

4
Beds
2
Total Baths
1,381
Sq. Ft.

5322 W 23rd St, Cicero, IL 60804 - Photo 1

Just Listed

$260,000

5322 W 23rd St Cicero, IL 60804

Single Family
Active
Updated 3 hours ago

5
Beds
3
Total Baths
1,738
Sq. Ft.

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.

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 3 hours 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 1 day ago

5
Total Beds

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 1 day ago

1638 S Central Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$2,000 (-0.73%)

$272,900

1638 S Central Ave Cicero, IL 60804

Single Family
Active
Updated 19 hours ago

4
Beds
2
Total Baths
1,700
Sq. Ft.

5325 W Quincy St, Chicago, IL 60644 - Photo 1

Sold

$295,000

5325 W Quincy St Chicago, IL 60644

Single Family
Closed

3
Beds
2
Total Baths
1,696
Sq. Ft.

[Address not provided], Chicago, IL 60644 - Photo 1

Sold

$270,000

[Address not provided] Chicago, IL 60644

Single Family
Closed

5
Beds
3
Total Baths
2,190
Sq. Ft.

202 N Leclaire Ave, Chicago, IL 60644 - Photo 1

Sold

$310,000

202 N Leclaire Ave Chicago, IL 60644

Multi-Family
Closed

4
Total Beds

Co-Listed by Wilonda Cannon

5131 W Fulton St, Chicago, IL 60644 - Photo 1

Sold

$335,000

5131 W Fulton St Chicago, IL 60644

Commercial
Closed

5351 W Madison Street, Chicago, IL 60644 (MLS# 12395609) is a Commercial property that was sold at $300,000 on October 24, 2025. Want to learn more about 5351 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.

5351 W Madison St Chicago, IL 60644