1016 W Madison Street #4S

$875,000 Active · 31 days on market
2
beds
2
baths
1,953
sq ft
$448
per sq ft

About this unit

This meticulously maintained residence is offered for the FIRST TIME by its original owner located on the COVETED South facing 4th floor just below the PH in a unique 8 unit elevator building. ONLY 2 homes per floor, this RARELY available South facing home offers 1,900 sq ft of living space + Large Balcony w/Vuws of iconic Willis Tower + Gar Parking included LOW HOA ($556 mo) & an EZ convert to a 3BR layout offers endless potential for personalization & is priced under $1m in one of Chicago's most sought-after neighborhoods. The virtually staged photos illustrate the possibilities for making this residence your own while keeping its classic features. A gracious foyer featuring classic black-and-white harlequin tile welcomes you into an open floor plan bathed in natural SOUTH light. Dramatic 12FT+ ceilings, crown moldings custom wainscoting & oversized windows create an elegant backdrop thru out the home.The expansive 27FT living room offers flexibility has ample space for multiple seating areas, entertaining & space for a home office. Oversized windows custom plantation shutters & a cozy gas fireplace complete the LR. The large south-facing balcony accessed from the LR showcases sweeping city views & the Iconic Willis Tower provides generous space for grilling & seating. The spacious DR ( this space is ez convert to 3rd br) flows seamlessly into a redesigned chef's kitchen featuring the PRO Series Viking appliances incl refrigerator, double oven/convection microwave w/WARMING drawer, 6 burner gas cooktop w/grill, & Bosch DW. Granite counters under-cabinet lighting & a bespoke island create functionality. A custom butler's pantry & dry bar w/added cabinetry & granite workspace further enhance the home's entertaining capabilities. Both BDRMS are fully enclosed for privacy. All closets by California Closets & custom Hunter Douglas window treatments featured throughout the home. The tranquil Primary Suite serves as a private retreat, offering custom plantation shutters, abundant closet space, & a luxurious spa-inspired ensuite bath totally renovated w/luxe finishes, dual vanities, a large walk-in shower, marble flooring & tile work w/ extra storage. The generously sized 2nd BR offers ample closet space & is complemented by a beautifully renovated 2nd full bath featuring a walk-in shower w/custom bench & a marble top vanity. (No tubs) Additional highlights include laundry RM w/side by side Maytag W/D. A large organized walk in closet for coat & storage off the foyer. Storage room incl . Reserves $71,000 NO Special Assessments. Madison & Morgan is the heart of the west loop, the Morgan EL & Madison Buses at yr doorstep. Walk to Randolph st & Fulton Market dining Whole foods a few blocks & MONTEVERDE next door what more could you want? 2N sold for 850k 2/26.

Property details

The facts that decide a tour — straight from MRED.

Monthly costs
HOA$556 / mo
HOA includesWater, Insurance, Security, TV/Cable, Scavenger, Snow Removal, Internet
Annual tax$15,014 (2025)
Rules & parking
ParkingGarage Door Opener, Yes, Garage Owned, Attached, Garage
PetsCats OK, Dogs OK, Number Limit

What it costs each month

Live estimate. Tax based on Cook County 2024 effective rate. HOA pulled from the listing.

$875,000
$
20%$175,000
6.85%
30 years
Principal & interest$4,587 / mo
HOA$556 / mo
Property tax (est.)$1,251 / mo
All-in monthly$6,394

Estimate. Real rate depends on your lender, credit, and reserves. We'll connect you to a Chicago-based broker once you tour.

Listing history

The MLS trail for this unit — list events and price changes only.

Jun 11, 2026 Listed for sale $875,000current

About 1016 W Madison Street

A look at the building this unit is in.

1016 W Madison Street

West Loop condo
1 for sale · 0 for rent
For sale from $875K
View the building

Where it is

FAQ

Where do these listings come from?

Straight from the Midwest Real Estate Data (MRED) MLS, refreshed regularly — the same listings your buyer's agent sees, no curated subset.

Can I work with Dibze to buy?

Yes. A licensed Chicago buyer's agent lines up tours, writes offers, and handles the close. The seller pays the commission, so it's free to you — and we rebate part of it back at closing.

Can I rent in this building?

If owners are leasing units, the For Rent tab shows them. These are individual condo owners listing through the MLS, so lease terms and pet rules vary by unit.

How is this different from Redfin or Zillow?

Same MLS feed, different model — we don't sell your contact info or turn every click into a lead. One Dibze condo expert handles your whole search and represents you, not the seller.

Listed by Penny Bagherpour · @properties Christie's International Real Estate · (312) 682-8500 · MLS #MRD12675751 · MRED
Mino Conenna
Mino Conenna
Licensed IL broker · Chicago condo specialist
Online now · replies in minutes

Schedule a showing

Unit #4S — pick a time. Mino confirms same day.

Free · No obligation · Cancel anytime

Not ready to tour?