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2139 W Madison Street
Chicago, IL 60612
May 2026
SOLD
$17,300,000
Sold Price
2023
Yr. Built
MLS# 12651709
Cumulative Days on Market: 113 · Includes prior listings · Currently listed since 05/18/26 · Data provided by the MLS.

Property Description

Sold Before Print. This exceptional multi-use property, located in the rapidly growing United Center / Near West Side neighborhood, offers 48 residential units and 2 commercial spaces. Completed in 2023, the building features a mix of one, two, and three-bedroom apartments, each designed to a high standard. Residents enjoy the convenience of an elevator, attached garage parking, and access to a shared rooftop deck with stunning views. With the United Center and the Medical District just blocks away, this location is at the heart of a vibrant, high-traffic area, with a wave of new investments flooding the neighborhood. Nearby, you'll find grocery stores, bars, restaurants, hotels, and a variety of entertainment options, making this an ideal spot for both residents and businesses. The Near West Side is poised for even greater growth, offering tremendous upside potential.

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Property Highlights

Sold Price
17300000
Property Type
Commercial Sale
Local Property Type
Multi Family 5+
Year Built
2023
Cumulative Days On Market
1

Location

Area
CHI - Near West Side
City/Township
Chicago
County
Cook

Property Details

Price
$17,300,000
Sold Price
17300000
Local Property Type
Multi Family 5+
Property Type
Commercial Sale

Interior Features

Area and Spaces

Number of Units
50

Building Details

Construction

Year Built
2023

Terms

Commercial

Cap Rate
6.10

Terms

Cumulative Days On Market
1

Taxes

Tax

Tax (Annual)
$259,879

Heating, Cooling & Utilities

Cooling Features
Central Air

Utilities

Utilities
Water Available, Cable Available

Lot

Lot Dimensions
123X173
Listed by Fulton Grace Realty, will@dgadvisorsgroup.com. Sold by Jameson Commercial
Listing Data last updated 09/12/2026 12:20 am
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 12-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
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Property History

42 days ago
Property information last updated
113 days ago
Date Sold
116 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 113 days (includes prior listings) · Currently listed since May 18, 2026. Data provided by the MLS.

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