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Property Description
Welcome to Madison Place! This stunning penthouse-level 2-bedroom, 2-bathroom luxury condo is located in a meticulously maintained building in the heart of Skokie. The unit features a spacious open kitchen, a separate dining area, and a large family room that opens to your own private balcony-perfect for relaxing or entertaining. The primary suite includes a walk-in closet and a generously sized bathroom with a double vanity, separate shower, and soaking tub. Additional highlights include an in-unit washer and dryer, dedicated storage space, and parking in a heated garage. Ideally situated, Madison Elementary School is directly across the street, with vibrant Downtown Skokie, restaurants, shopping, and several parks all nearby. Public transportation is easily accessible, making commuting simple and convenient. The building also features a newly updated lobby and beautifully maintained grounds.
Full Property Details
Full Property Details for 5055 Madison St #601
General
- Price: $459,000
- HOA FEE: $592/month
- Taxes: $7,460 (2024)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12588045
- Updated: Today (3/18/2026)
- Added to Site: Today
Interior
- Basement: None
- Interior Features: Storage, Walk-In Closet(s), Open Floorplan
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Other Features: Commuter Bus
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Heated Garage, Yes, Attached, Garage
Location
- Area: Skokie
- County: Cook
- Township: Niles
- Driving Directions: 2 blocks North of Oakton & 1 block East of Lincoln. 1st building on your left is 5055 with guest parking out front.
School Information
- School District: 69
- Elem School District: 69
- Midd School District: 69
- High School District: 219
- Elementary School: Madison Elementary School
- Middle School: Madison Elementary School
- High School: Niles West High School
- Private School: Niles West High School
Community
- Assoc. Fees Include: Heat, Water, Parking, Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
- Pet Restrictions: Cats OK, Dogs OK, / 50lbs.
- Mgmt. Company: NS
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Sub-Flooring: Hardwood
- Entry Floor Number: 6
- Stories/Levels: 6
- Sq. Ft. Source: Not Reported
- Year Built: 2000
Unit Information
- Units in Building: 60
Lot Features
- Lot Dimensions: Common
Animals
- Animals Allowed: Cats OK, Dogs OK
Financial Considerations
- Association Fee: $592
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 2000
- Tax Amount: $7,460
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 10214050771005
Listed by Baird & Warner
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5055 Madison St #601
School Districts:Skokie School District 69, Niles Township Community High School District 219
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Skokie, IL 5100 Madison Street, Skokie, IL 60077 | PK-2 | 0.1 mi |
Lincoln Jr High School, Skokie, IL 7839 Lincoln Avenue, Skokie, IL 60077 | 6-8 | 0.5 mi |
Thomas Edison Elementary School 8200 Gross Point Road, Morton Grove, IL 60053 | 3-5 | 0.6 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 1 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 #601
Date
Details
Price
Change
Source
3/18/2026
Listed
$459,000
58.28%
MLS
6/19/2021
Sold
$290,000
—
Public Record
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
Tax History for 5055 Madison St #601
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,840
-13%
$25,245
—
2022
$7,870
261%
$25,245
17%
2021
$2,180
8%
$21,620
—
2020
$2,017
1%
$21,620
-11%
2019
$1,993
-10%
$24,163
30%
2018
$2,223
1%
$18,543
—
2017
$2,194
-25%
$18,543
—
2016
$2,910
-10%
$18,543
37%
2015
$3,222
4%
$13,552
—
2014
$3,084
22%
$13,552
—
2013
$2,535
-17%
$13,552
—
2012
$3,041
—
$13,553
—
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 5055 Madison St #601
5055 Madison Street #601, Skokie, IL 60077 (MLS# 12588045) is a Condo property with 2 bedrooms and 2 full bathrooms. 5055 Madison Street #601 is currently listed for $459,000 and was received on March 18, 2026. Want to learn more about 5055 Madison Street #601? 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.

