$4,850,000
1219 W Madison St Unit Ph, Chicago, IL 60607
- 3Beds
- 4Baths
- 4000SqFt
- 3Beds
- 4Baths
- 4000SqFt
- Property TypeCondo
- Year Built1885
- Price per Sqft$1213
- On highrises2 Days
- Pet PolicyPets OK
Open Houses
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 3
- Bedrooms Possible: 3
- Primary Bedroom Dimensions: 20' x 14'
- Bedroom 2 Dimensions: 16' x 14'
- Bedroom 3 Dimensions: 16' x 14'
- Primary Bedroom Level: Second
- Bedroom 2 Level: Second
- Bedroom 3 Level: Second
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Jovanka Corazzina
- state license#475179166
- Brokered by:
- @properties Gold Coast
- (312) 506-0200