1219 Madison Street, Chicago, IL 60607

Welcome to this property located in Chicago, IL. featuring 3 bedrooms, 4 bathrooms, 4,000 square feet of living space. Built in 1885. this home is offered at $4,850,000.

An exceptional opportunity to own a luxury private residence with built-in passive income in the heart of the West Loop. 1219 W. Madison offers a rare combination of residential living paired with two income-producing commercial storefronts on coveted Madison Street. This 8,490+ square foot mixed-use property is ideally situated on coveted Madison Street and offers exceptional flexibility for owner-occupants, investors, or entrepreneurs. The second floor features a fully gutted and beautifully rebuilt 4,000+ square foot, 3-bedroom, 3.5-bath luxury residence accessed via a private elevator. Soaring 17.5-foot ceilings, expansive windows, and refined architectural details create a dramatic yet inviting living environment. The open-concept great room is anchored by a floor-to-ceiling book-matched marble fireplace and flows seamlessly into a chef’s kitchen with high-end appliances, custom cabinetry, and an oversized Taj Mahal quartzite island. A generous private terrace extends the living space outdoors. The primary suite offers a spa-like retreat with radiant heated floors, double walk-in closets, and skylight, while additional bedrooms with skylights feature en-suite baths and walk-in closets. Designer finishes, premium fixtures, and integrated smart-home technology are featured throughout. The first level consists of two commercial storefront spaces totaling approximately 4,000 square feet with soaring 17.5-foot ceilings and direct Madison Street exposure. The spaces may be leased individually or combined, offering strong income potential or ideal owner-user flexibility. A private interior courtyard provides additional outdoor space for tenant use or entertaining. The property includes nine private parking spaces at the rear of the building, a rare asset in the West Loop. Zoned for development, the parking area offers future expansion potential or may remain as a private parking lot for residents or commercial tenants. An exceptional opportunity to combine luxury living, income generation, and long-term investment potential in one of Chicago’s most sought-after neighborhoods.

The interior boasts vaulted ceiling(s), elevator, storage, walk-in closet(s), open floorplan. The kitchen is equipped with double oven, range, microwave, dishwasher, high end refrigerator, freezer, washer, dryer, gas cooktop. The home includes a fireplace. Climate control includes natural gas, radiant floor heating and central air cooling. A partially finished, partial basement provides additional space.

The property sits on a 45X189 lot. with 9 parking spaces (alley access, additional parking, parking lot, yes, owned). The home has rubber roofing.

Utilities include public water and public sewer sewer.

Located in Cook County. students will attend Skinner Elementary School Elementary.

Annual property taxes are $69,765 (as of 2024).