$4,850,000
1219 W Madison Street #PH
Chicago, IL, 60607
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 Details
Price:
$4,850,000
MLS #:
MRD12564231
Status:
Active
Beds:
3
Baths:
4
Type:
Single Family
Neighborhood:
chinearwestside
Listed Date:
Feb 10, 2026
Finished Sq Ft:
4,000
Year Built:
1885
Schools
School District:
299
Elementary School:
Skinner Elementary School
Interior
Appliances
Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Gas Cooktop
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Fireplaces Total
1
Flooring
Hardwood
Heating
Natural Gas, Radiant Floor
Laundry Features
Washer Hookup, In Unit
Exterior
Association Amenities
Elevator(s), Storage
Construction Materials
Brick
Parking Features
Alley Access, Additional Parking, Parking Lot, Yes, Owned
Parking Spots
9
Roof
Rubber
Financial
HOA Frequency
Monthly
HOA Includes
None
Tax Year
2024
Taxes
$69,765
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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Current real estate data for Single Family in Chicago as of Feb 11, 2026
2,413
Single Family Listed
79
Avg DOM
216
Avg $ / SqFt
$504,656
Avg List Price
Community
- Address1219 W Madison Street #PH Chicago IL
- CityChicago
- CountyCook
- Zip Code60607
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Property Summary
- 1219 W Madison Street #PH Chicago IL is a Single Family for sale in Chicago, IL, 60607. It is listed for $4,850,000 and features 3 beds, 4 baths, and has approximately 4,000 square feet of living space, and was originally constructed in 1885. The current price per square foot is $1,213. The average price per square foot for Single Family listings in Chicago is $216. The average listing price for Single Family in Chicago is $504,656. To schedule a showing of MLS#mrd12564231 at 1219 W Madison Street #PH in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.

1219 W Madison Street #PH
Chicago, IL





