Seller requests to show until all contingencies have been met. Welcome to a rare Stunning SOUTH facing unit with an AMAZING view of the iconic Willis Tower. Located in a Boutique 8 unit elevator building at Madison & Morgan in one of Chicago's most sought-after energetic neighborhoods. Only 2 homes per floor, this Charming 2 Bed/2 Bath home effortlessly blends classic features with modern living elevating the home's elegant atheistic. A dramatic Foyer welcomes you into a bright 1900 sq ft open space ideal for family & entertaining! Featuring soaring 12Ft+ceilings Crown moldings Oak floors recessed lighting OVERSIZED windows that illuminate the home with natural light beautiful custom Plantation Shutters & a cozy Fireplace. The expansive LV/DR/Office area offers versatility to suit your lifestyle with the opportunity to design a dedicated private space. Enjoy stunning views of the Willis Tower & City scape from a large Balcony accessed from the Living Room. The re-designed open Chefs kitchen boasts high end Viking Pro Series SS appliances includes a convection oven/microwave & WARMING TRAY Granite counters under cabinet lighting & bespoke Breakfast bar. The custom butlers pantry/dry bar is designed for additional storage & enhances the home's entertaining vibe. The private Primary suite features custom plantation shutters & a row of thoughtfully organized closets. An elegant Marble ensuite Bathroom features dual vanities custom cabinetry for extra storage and a luxurious walk in shower. A generous sized 2nd BR with organized closets & custom silhouette shades is complimented by a spacious 2nd bathroom w/custom step in shower. A large laundry room & walk in coat /"costco" closet are located off the foyer. Additional features through out the home include recessed lighting custom Hunter Douglas silhouette shades & California Closets. One Car Garage space & Storage room included completes this stunning lovingly maintained home. LOW HOA $556 mo VERY healthy assoc. $71,000 reserve & no special assessments. Huge potential to personalize and be in the most desired location in the West Loop. Steps to Monteverde & Starbucks xrss the road a few blocks to Randolph's St Restaurant Row, hot Fulton Market restaurants nightlife, boutiques, workout studios, Target, Whole Foods, Mariano's, United Center, the EL the Madison Bus stop and 90/94 access. SKINNER SCHOOL DISTRICT!
CondoProperty Type
$434Price/Sq.Ft.
$556/moHOA Dues
1 car garageParking
Listed by Penny Bagherpour• @properties Christie's International Real Estate
West Loop, located between the Chicago River and Ashland Avenue, is a former industrial and culinary Chicago neighborhood with loft warehouses and restaurant-lined blocks. The neighborhood’s character concentrates around Randolph Street and Peoria Street, where chef-driven dining rooms, cocktail bars, and gallery-like storefronts cluster under old brick facades. Fulton Market’s timber-and-steel buildings sit beside new glass towers, giving the streetscape a layered, work-to-weekend feel. Time Out Market Chicago anchors a food-hall scene, while The Publican remains a long-running table for oysters and beer. Mary Bartelme Park adds lawns, play space, and a weekly market rhythm.
Provided by Walk Score and Local Logic
Market insights
1016 W Madison St Unit 4S · $825,000
DAYS ON MARKET
44 days
The average home goes pending in 52 days.
SALE-TO-LIST
99.9%
Most homes are selling 0% below list price.
LIST PRICE
$825,000
Median list price in this area is $325,000. (61% lower than this home)
PRICE DROP
1 price drop
13% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Storage
Walk-in closet
Open floor plan
Granite counters
Plantation shutters
Drapes
Gas-log fireplace with gas starter
Bedrooms
2 bedrooms on the main level
Bathrooms
2 full bathrooms
Double sinks
Separate showers with full-body spray
No tubs
Kitchen
Updated kitchen with granite counters
Eating area and breakfast bar
Double oven
Gas cooktop and oven
Microwave
Dishwasher
High-end stainless steel refrigerator
Range hood
Garbage disposal
Laundry & utility
In-unit laundry on the main level
Washer and dryer
Washer hookup
Laundry sink
Flooring
Hardwood
Marble foyer
Carpeted bedrooms
Heating & cooling
Forced-air heating
Central air conditioning
Exterior features
Balcony
Home design
Condominium
Mid-rise building with 4–6 stories
Fourth-floor entry
Parking
Attached garage
One garage space
Construction
Brick and concrete construction
Over 100 years old
Utilities
Lake Michigan water
Public sewer
Circuit-breaker electrical system
HOA & community
Monthly association fee of $556
Association fee includes water, parking, insurance, scavenger service, snow removal, and internet
Cats and dogs allowed
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 1016 W Madison St Unit 4S
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12765654
Oct 29, 2026
Contingent (Contingent - Continue to Show)
—
Oct 8, 2026
Price Changed
$825,000
$434/sq ft
Sep 22, 2026
Listed (Active)
$860,000
$453/sq ft
MRED as Distributed by MLS Grid #12713794
Sep 22, 2026
Listing Removed
—
MRED as Distributed by MLS Grid #12675751
Jul 23, 2026
Listing Removed
—
MRED as Distributed by MLS Grid #12665582
Jun 11, 2026
Listing Removed
—
MRED as Distributed by MLS Grid #12664657
Jun 2, 2026
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2023
$13,042 (+2.8%)
$1,706 + $63,212
$64,918
2022
$12,692 (+2.1%)
$1,706 + $63,212
$64,918
2021
$12,425 (−7.3%)
$1,706 + $63,212
$64,918
2020
$13,398 (+1.4%)
$1,706 + $61,340
$63,046
2019
$13,218 (+1.7%)
$1,706 + $67,294
$69,000
2018
$12,993 (+41.8%)
$1,706 + $67,294
$69,000
2017
$9,160 (+5.7%)
$1,505 + $44,275
$45,780
2016
$8,669 (+9.6%)
$1,505 + $44,275
$45,780
2015
$7,908 (+18.0%)
$1,505 + $44,275
$45,780
2014
$6,700 (+2.2%)
$1,279 + $37,402
$38,681
2013
$6,556 (+1.0%)
$1,279 + $37,402
$38,681
2012
$6,493 (+9.6%)
$1,279 + $37,402
$38,681
2011
$5,923 (−1.0%)
$1,706 + $36,867
$38,573
2010
$5,981 (−13.9%)
$1,706 + $36,867
$38,573
2009
$6,949 (+19.3%)
$1,706 + $48,793
$50,499
2008
$5,825 (+7.4%)
$1,637 + $45,685
$47,322
2007
$5,422
$1,637 + $45,685
$47,322
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
1,900
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,900
Year built
—
Style
Condo/Co-op
County
Cook County
APN
17084460281007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 17, 2026.
DX-5
Downtown Mixed-Use District
The DX Downtown Mixed-Use district is primarily intended to accommodate office, commercial, public, institutional and residential development.; The district promotes vertical mixed-use (residential/nonresidential) projects that contain active ground-floor uses.; The DX district can be combined with the dash 5 bulk and density designations (see Sec. 17-4-0401).
Permitted uses
Include but are not limited to:
General retail
Restaurant
Housing-Senior
Manufacturing
Self-Storage / mini-Storage
Warehouse
Hotel / motel
Mixed use building
Office
Medical office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60607
Average low and high temperatures (°F)
31
17
39
25
55
36
62
45
68
53
81
66
86
72
81
68
78
63
66
54
52
40
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
60/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.6 hrs
2.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1016 W Madison St Unit 4S
$816,232
$8,768 under list price of $825K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $480K to $1.2M.