1219 W Madison Street #PH
Chicago, IL 60607

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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-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.

Features

• Property Type: Condo/Townhouse
• Sub Type: Attached Single
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60607
• Year Built: 1885
• Age: 100+ Years
• School District: 299
• Elementary School: Skinner Elementary School
• Sq.Ft.: 4,000 sq ft
• Total Rooms: 7
• Bedrooms: 3
• Full Baths: 3
• Half Baths: 1
• Basement: Partially Finished, Partial
• # of Parking Spaces: 9
• Fireplace: Gas Starter, 1
• Accessibility: Yes, See Accessibility Features
• Baths: 4
• View: No
• % Owner Occupied: 100
• APRX_TOTAL_FIN_SQFT: 8000
• Accessibility Features: Main Level Entry, Ramp - Main Level
• Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Gas Cooktop
• Assessor Square Footage: 11500
• Association Amenities: Elevator(s), Storage
• Basement Sq Ft: 4000
• Bath Amenities: Separate Shower, Double Sink, Bidet, Soaking Tub
• Bedrooms Possible: 3
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Dining Room: Combined w/ LivRm
• Directions: Take I90 To West Madison
• Entry Level: 2
• Fireplace Location: Living Room
• Flooring: Hardwood
• General Information: Commuter Bus, Interstate Access
• Heating: Natural Gas, Radiant Floor
• Interior Features: Vaulted Ceiling(s), Elevator, Storage, Walk-In Closet(s), Open Floorplan
• Is Parking Included in Price: Yes
• Laundry Features: Washer Hookup, In Unit
• Living Area Source: Estimated
• Main Sq Ft: 4000
• Main Type: Residential
• Max Pet Weight: 999
• Parking Features: Alley Access, Additional Parking, Parking Lot, Yes, Owned
• Pets Allowed: Cats OK, Dogs OK
• Pets Allowed (Y/N): Yes
• Rebuilt (Y/N): Yes
• Rebuilt Year: 2010
• Rehab (Y/N): Yes
• Rehab Year: 2025
• Roof: Rubber
• Rooms: Terrace, Other Room
• Sewer: Public Sewer
• South: 1200
• Special Service Area: N
• Square Footage Comments: 2nd flr. condo-4000sqft, 1st flr. commercial space 4000sqft., Unfinished basement 4000sqft.
• Stories Total: 2
• TOTAL_SQFT: 8000
• Tax Annual Amount: 69765
• Tax Year: 2024
• Total # Units in Building: 1
• Total Finished/Unfinshed Sq Ft: 12000
• Township: West Chicago
• Type Attached: Condo, Condo-Duplex, Other
• Unfinished Basement Sq Ft: 4000
• Upper Sq Ft: 4000
• Water Source: Public
• West: 1200
• Window Features: Skylight(s)