3822 W Madison Street

Chicago, IL 60624

This property offers a unique mixed-use opportunity with both commercial and residential components. The apartment features approximately 1,000+ square feet of living space, with 3 bedrooms and 1 bathroom. The commercial portion of the property comprises approximately 1,400+ square feet and is currently being utilized as a saloon, with customer seating space and private vendor suites, as well as a manager's office. The commercial tenants are month-to-month and in good standing. The residential section of the property is occupied by a long-term tenant, also on a month-to-month basis and in good standing. Recent updates to the property include updated kitchen floor and cabinets, newer boilers, a new hot water tank for the residential tenant, and a new air conditioning system for the commercial tenant. This unique mixed-use setting offers a significant opportunity for the owner to generate income from both the commercial and residential components. The property's location on Madison Avenue provides excellent foot traffic and shopping opportunities, as well as proximity to the nearby park, which hosts a variety of community activities throughout the year. The security shutters installed on the property provide an added layer of protection and peace of mind for both tenants and the owner. The open concept saloon layout allows for versatility and potential customization to suit the needs of future commercial tenants.

Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty



Based on information submitted to the MLS GRID as of 2025-04-03 02:08 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-04-03 02:08 PM UTC
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