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About the Listing 17665 - 886721
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.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Residential
MLS ®
12564231
Year Built
1885
Total Square Footage
4,000
Lot/Acreage
45X189
County
Cook
Area
CHI - Near West Side
School District
299
Elementary School
Skinner Elementary School
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full / 1 Half
- Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Gas Cooktop
- Air Cond: Central Air
- Heating: Natural Gas,Radiant Floor
- Fireplaces: 1, Gas Starter
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Partial
- Other: Vaulted Ceiling(s),Elevator,Storage,Walk-In Closet(s),Open Floorplan,Cats OK,Dogs OK
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 9
- Lot Dimensions: 45X189
- Roof: Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Alley Access,Additional Parking,Parking Lot,Yes,Owned
Financial Details
- Tax Amount: $69,765
- Taxes w/Assessments: N/A
- Tax/Property ID: 17171050110000
- Tax Year: 2024
Payment Calculator
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Questions About..
1219 W Madison Street Ph Chicago, IL 60607
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