Active

1219 W Madison Street #PH

Chicago, IL 60607

$4,585,000 $19,330/Mo

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Overview

Bed

Bath

4,000

Sqft

Description

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-mat ched 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.

Property Details

Property Type : Residential

Price : $4,585,000

AD Id : 75215840

MLS Id : MRD12564231

Beds : 3

Living Area Size : 4,000

Year Built : 2004

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 3 Room Types: Terrace, Other Room

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Rooms Total: 7

Interior Features

Vaulted Ceiling(s), Elevator, Storage, Walk-In Closet(s), Open Floorplan Roof: Rubber Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Gas Cooktop Laundry Features: Washer Hookup, In Unit

Roofing Information

Rubber
Flooring Information

Flooring: Hardwood Construction Materials: Brick
Heating & Cooling

Heating: Natural Gas, Radiant Floor Cooling: Central Air WaterSource: Public

Building Information

Year Built: 2004

Lot Information

Lot Dimensions: 45X189

Property Information

Property Type: Residential Sub Type: Attached Single Type Attached: Condo,Condo-Duplex,Other

Listing Price Information

Original List Price:$4850000

Tax Information

Annual Tax: $69765 Tax Year: 2024 Parcel Number: 17171050110000

Parking Information

Total Parking: 9 Alley Access, Additional Parking, Parking Lot, Yes, Owned Is Parking Included in Price: Yes

Homeowners Association Information

Included Fees: None Included Amenities: Elevator in Residence, Storage

School Information

Elementary School: Skinner Elementary School
Utility Information

Sewer: Public Sewer Water Source: Public
Location Information

City: Chicago Direction: Take I90 To West Madison

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1224 W Van Buren Street.., Chicago, IL, 60607	$335,000	2	1	1,000	1,000 SqFt
411 S Sangamon Street #7D, Chicago, IL, 60607	$624,900	3	2	2,000	2,000 SqFt
1441 W Fillmore Street #A, Chicago, IL, 60607	$375,000	2	1	1,126	1,126 SqFt
312 N May Street #4D, Chicago, IL, 60607	$650,000	2	2	1,600	1,600 SqFt
1040 W Adams Street #344, Chicago, IL, 60607	$599,900	2	2	1,356	1,356 SqFt
1000 W Washington Boule.., Chicago, IL, 60607	$724,900	2	2	1,500	1,500 SqFt
933 W Van Buren Street .., Chicago, IL, 60607	$320,000	1	1	810	810 SqFt
727 S Ashland Avenue #C, Chicago, IL, 60607	$309,000	2	1	1,000	1,000 SqFt
323 S Racine Avenue #PHD, Chicago, IL, 60607	$2,000,000	5	4	3,103	3,103 SqFt
950 W Monroe Street #710, Chicago, IL, 60607	$599,000	2	2	1,417	1,417 SqFt

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ByOwner last updated this listing 06/12/2026 @ 18:20

MLS: MRED #12564231 LISTED BY: Jovanka Corazzina, @properties Christie's International Real Estate 312-682-8500 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)