Date
Details
Price
Change
Source
4/19/2026
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$420,000 Just Listed
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Property Description
Turn-Key Restaurant & Retail Asset | High-Traffic Madison St. Corridor Maximize ROI with this premier owner-user or value-add investment at 5419 W Madison Ave. Boasting 20,000+ VPD and strategic proximity to the United Center expansion, this highly visible asset delivers unmatched versatility in Chicago's Austin submarket. Property Highlights: Second-Generation Restaurant Infrastructure: Fully outfitted and ready for immediate operation. Features a highly coveted aquarium-style smoker/pit, walk-in cooler, fryers, grills, 5-burner stove, 3-compartment sink, prep tables, and warming/display cases. Dynamic Floorplan: Currently demised as two distinct suites (former takeout and salon). Maintain dual tenancy for diversified cash flow, or seamlessly combine into a sprawling dine-in concept. Administrative Suites: Features a dedicated management office complete with an attached, secure records retention room. Rare Dedicated Parking: Includes a 3,500sf private rear surface lot accommodating 10+ vehicles-an exceptional premium for urban retail that drives serious customer volume. Strategic Positioning: Surrounded by dense residential demographics and established local anchors like MacArthur's and TnT. Offers immediate access to I-290 and CTA transit lines. Bring your vision to a location primed for steady foot traffic and long-term appreciation. Fully equipped second-generation spaces with dedicated parking are a rarity. Schedule your private tour today.
Full Property Details
Full Property Details for 5419 W Madison St
General
- Price: $420,000
- Taxes: $14,250 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12582533
- Updated: 4/19/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Multi-Tenant, Public Restroom(s)
- Flooring: Tile, Vinyl
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: From I-290, take the Central Ave exit north to Madison St. Head west on Madison to 5419.
- Location Details: Mixed-Use Area, Public Transport Avail, Freestanding/Urban, TIF Zone, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Ceiling Height: 9
- Sub-Flooring: Tile, Vinyl
- Stories/Levels: 1
- Square Feet: 3,000
- Current Bldg. Use: Commercial, Medical/Dental
- Year Built: 1909
Lot Features
- Lot Size (Sq. Ft.): 6,500
- Lot Dimensions: 50 x 130
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1909
- Tax Amount: $14,250
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Taxes, Insurance, Sewer, All Utilities, Trash Collection
Disclosures and Reports
- Property ID: 16161010060000
Listed by Compass
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— 5419 W Madison St —
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NMLS#: 1598647
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Schools
Schools serving 5419 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 | 0.3 mi |
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644 | 9-12 | 0.8 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 5419 W Madison St
Tax History
Tax History for 5419 W Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,250
3%
$67,538
—
2022
$13,891
2%
$67,538
—
2021
$13,581
8%
$67,538
20%
2020
$12,531
11%
$56,251
—
2019
$11,302
2%
$56,251
—
2018
$11,111
25%
$56,251
36%
2017
$8,920
7%
$41,436
—
2016
$8,299
9%
$41,436
—
2015
$7,593
-1%
$41,436
—
2014
$7,688
2%
$41,436
—
2013
$7,536
1%
$41,436
—
2012
$7,436
—
$41,436
—
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 5419 W Madison St
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,096Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 1Total Bath
- 960Sq. Ft.
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- Condo / Townhouse
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,775Sq. Ft.
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5419 W Madison Street, Chicago, IL 60644 (MLS# 12582533) is a Commercial property. 5419 W Madison Street is currently listed for $420,000 and was received on April 19, 2026. Want to learn more about 5419 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.