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$350,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,200 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago
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Welcome to this updated 2-bedroom, 2-bathroom condo in the desirable Madison Place community. The bright eat-in kitchen features stainless steel appliances, along with generous cabinet and counter space. The open living/dining area showcases wood laminate flooring and sliding glass doors that lead to a private balcony with serene treetop views-perfect for relaxing or entertaining. Large windows provide abundant natural light in both bedrooms. The spacious primary suite includes a walk-in closet and a private ensuite bathroom with a shower. Additional highlights include: In-unit washer/dryer, Indoor heated garage parking space (#43) and Secure storage unit. Tastefully updated lobby and mailroom, Pet-friendly elevator building. Monthly assessment covers heat, water, cable, and exterior maintenance. Ideally located in downtown Skokie with easy access to the train, buses, schools, parks, dining, cafes, shopping, entertainment, Skokie Public Library, Village hall and post office. Rentals are allowed with cap, making this a great opportunity for homeowners and investors alike.

Full Property Details for 5055 Madison St #402

General

  • Price: $350,000
  • HOA FEE: $526/month
  • Taxes: $7,469 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12594123
  • Updated: 3/17/2026
  • Added to Site: 2 day(s) ago

Interior

  • Basement: None
  • Interior Features: Elevator, Storage, Walk-In Closet(s), Dining Combo, Lobby
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Flooring: Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Elevator(s), Storage
  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Garage Door Opener, Heated Garage, Yes, Attached, Garage

Location

  • Area: Skokie
  • County: Cook
  • Township: Niles
  • Subdivision: Madison Place
  • Driving Directions: East on Madison St. from Lincoln Ave. between Oakton and Main.

School Information

  • School District: 69
  • Elem School District: 69
  • Midd School District: 69
  • High School District: 219
  • Elementary School: Madison Elementary School
  • Middle School: Lincoln Junior High School
  • High School: Niles West High School
  • Private School: Niles West High School

Community

  • Assoc. Fees Include: Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK, Size Limit
  • Pet Restrictions: Cats OK, Dogs OK, Size Limit, / 50lbs.
  • Mgmt. Company: Rosen Management

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Structure Type: Condo
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Sub-Flooring: Laminate, Carpet
  • Entry Floor Number: 4
  • Stories/Levels: 6
  • Square Feet: 1,200
  • Sq. Ft. Source: Estimated
  • Year Built: 2000

Unit Information

  • Units in Building: 60

Lot Features

  • Lot Dimensions: COMMON

Animals

  • Animals Allowed: Cats OK, Dogs OK, Size Limit

Financial Considerations

  • Association Fee: $526
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 2000
  • Tax Amount: $7,469.6
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 10214050771008

Listed by Jameson Sotheby's Intl Realty

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Listing agent

— 5055 Madison St #402 —

  • Jameson Sotheby's Intl Realty

312-835-9835

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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 5055 Madison St #402

School Districts:Skokie School District 69, Niles Township Community High School District 219
NameGradesDistance
Madison Elementary School, Skokie, IL
5100 Madison Street, Skokie, IL 60077
PK-20.1 mi
Lincoln Jr High School, Skokie, IL
7839 Lincoln Avenue, Skokie, IL 60077
6-80.5 mi
Thomas Edison Elementary School
8200 Gross Point Road, Morton Grove, IL 60053
3-50.6 mi
Niles West High School
5701 Oakton Street, Skokie, IL 60077
9-121 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 5055 Madison St #402 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Listed
$350,000
34.62%
MLS
3/08/2022
Sold
$260,000
—
Public Record
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 5055 Madison St #402

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,854
—
$21,975
—
2022
$6,850
—
$21,975
17%
2021
$6,816
1%
$18,820
—
2020
$6,768
—
$18,820
-11%
2019
$6,761
17%
$21,033
30%
2018
$5,779
—
$16,141
—
2017
$5,805
6%
$16,141
—
2016
$5,469
30%
$16,141
37%
2015
$4,212
2%
$11,796
—
2014
$4,118
-1%
$11,796
—
2013
$4,173
8%
$11,796
—
2012
$3,868
—
$11,797
—
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 for 5055 Madison St #402

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Listed by Jameson Sotheby's Intl Realty

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5055 Madison Street #402, Skokie, IL 60077 (MLS# 12594123) is a Condo property with 2 bedrooms and 2 full bathrooms. 5055 Madison Street #402 is currently listed for $350,000 and was received on March 17, 2026. Want to learn more about 5055 Madison Street #402? Do you have questions about finding other Condo real estate for sale in Skokie? You can browse all Skokie real estate or contact a Coldwell Banker agent to request more information.

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