IL
Cook
Chicago
60612
2931 W Madison Street
2931 W Madison Street, Chicago, IL 60612
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Listing Type
Commercial/Industrial
Listing Status
active
4
$165,000

Home Details for 2931 W Madison Street

Price
$165,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1899
County
Cook
Garage
Days on site
0
MLS Listing#
12512185
Property Description

Solid brick commercial building of approximately 3,000+ SF covering the entire lot. The property features storm shutters protecting the storefront facade. The interior is currently framed for two offices with two (2) roughed in washrooms. The building is set up for 400 AMP service (electric line at the pole recently cut, copper stolen, and will need reconnection). The building currently has no power - you must bring a flashlight for showings. The structure will require significant tuckpointing and masonry work. Many coping stones at the roofline are missing. A new HVAC system will be needed. A section of the wood floor needs to be replaced. The property is located within a Federal Opportunity Zone, providing potential tax incentives and accelerated depreciation for qualified improvements. The condition of the property is reflected in the price. This is an "AS IS" sale. This is an excellent opportunity for an investor, contractor, or owner-user seeking a value-add project.

Property Features
  • Cooling Information
    • None
  • Utilities
    • Natural Gas Available
Listing Courtesy: Coldwell Banker Realty - 312-266-7000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-11-12 18:16:21. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-11-12 18:16:21
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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