For sale

$873,000

Est. $6,767/mo —

•

1,953

sq ft

1016 W Madison St Unit 4S, Chicago, IL 60607

About this home

One of only 3 South facing Units at Mcquire Lofts & one floor below the PH. Only 2 homes per floor in this boutique elevator building. This Charming 1900 SQ FT residence blends timeless classic features with modern living offering a layout with endless possibilities & an EZ convert to a 3BR/dedicated office/TV RM. This home lives large & features a south facing Balcony for BBQ & seating w/stunning views of the city & Willis Tower. A grand foyer w/classic black-and-white harlequin tile welcomes you into an expansive Living area with dramatic 12FT+ ceilings, featuring Crown moldings wainscoting oak floors oversized windows custom plantation shutters & a cozy fireplace. The HUGE Living area ( 44ft long) offers versatility of space with an office area & Dining Rm seamlessly connected to the redesigned chef's kitchen featuring the VIKING PRO Series 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 further enhance this home's entertaining capabilities. The Primary Suite offers custom plantation shutters, abundant closet space, & an ensuite spa-inspired bathroom w/luxe finishes, dual vanities, a large walk-in shower, marble flooring & tile work & custom storage. The large 2nd BR offers ample closet space & is complemented by a spacious REFRESHED 2nd full bath with walk-in shower custom bench & marble top vanity. (No tubs) The Kitchen & Bathrooms were gutted & renovated. The wall paper in 2nd bthrm has been removed & painted. Additional highlights include Laundry RM w/side by side Maytag W/D. All closets by California Closets & custom Hunter Douglas window treatments throughout. A WIC coat/Costco closet has additional storage off the foyer. I car garage space & storage rm included in the price. HEALTHY Reserves $71,000 NO Special Assessments. Madison & Morgan is the heart of the west loop, the Morgan EL & Madison Buses at yr doorstep. Starbucks xxrss the street! Walk to Randolph st & Fulton Market dining Whole foods a few blocks & MONTEVERDE next door. Come on home!

CondoProperty Type

$447Price/Sq.Ft.

$556/moHOA Dues

1 car garageParking

Listed by Penny Bagherpour • @properties Christie's International Real Estate

Listing updated: Sep 15, 2026 at 09:34am

Redfin checked: a few seconds ago

•Source:MRED as Distributed by MLS Grid #12713794

Payment calculator

$6,767 per month

Principal and interest$4,705

Property taxes

HOA dues

Home insurance

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Next available date: Wednesday, September 16

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Skinner Elementary School

Public PreK-8 • Assigned • 0.4mi

8/10

Wells Community Academy High School

Public 9-12 • Assigned • 1.4mi

1/10

Provided by GreatSchools

About West

Loop

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 · $873,000

DAYS ON MARKET

The average home goes pending in 49 days.

SALE-TO-LIST

Most homes are selling 0% above list price.

LIST PRICE

Median list price in this area is $306,017. (65% lower than this home)

PRICE DROP

11% 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
Open floorplan
Special millwork
Granite counters
Separate dining room
Walk-in closet(s)
Five total rooms
One fireplace with gas starter in the living room

Bedrooms
Two bedrooms (both on the main level)
Master bedroom on the main level with a full bath featuring double sink and shower only
Second bedroom on the main level

Bathrooms
Two full bathrooms

Kitchen
Updated kitchen with granite counters and breakfast bar/eating area
High-end stainless steel appliances
Gas cooktop and gas oven
Double oven
Cooktop and oven
Microwave
Dishwasher
Disposal
Refrigerator (high end)

Laundry & utility
In-unit laundry with washer hookup
Washer and dryer included

Flooring
Hardwood flooring throughout main living areas

Heating & cooling
Natural gas heating
Forced air
Radiant floor heating
Central air conditioning

Sale and tax history for 1016 W Madison St Unit 4S

Sale History
Tax History

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

17084460231007

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 12, 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)

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

$861,989

$11K under list price of $873K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $595K to $1.2M.

Local rules require you to be signed in
939 W Madison St #507, Chicago, IL 60607
Unknown Last sold price
— beds3 baths1,500 sq ft
939 W Madison St #507, Chicago, IL 60607
Source: Public Records
Local rules require you to be signed in
16 N Carpenter St Unit 4S, Chicago, IL 60607
Unknown Last sold price
— beds— baths— sq ft
16 N Carpenter St Unit 4S, Chicago, IL 60607
Source: Public Records
SOLD APR 16, 2026
$815,000 Last sold price
2 beds3 baths2,300 sq ft
1000 W Washington Blvd #132, Chicago, IL 60607
$93/sq ft
SOLD FEB 23, 2026
$850,000 Last sold price
3 beds2 baths1,830 sq ft
1016 W Madison St Unit 2N, Chicago, IL 60607
$17/sq ft
SOLD JAN 21, 2022
$905,000 Last sold price
2 beds2 baths2,000 sq ft
1000 W Washington Blvd #201, Chicago, IL 60607
$6/sq ft
SOLD MAY 10, 2024
$660,000 Last sold price
2 beds2 baths1,500 sq ft
1000 W Washington Blvd #240, Chicago, IL 60607
$7/sq ft

Rental earnings

Est. $4,337 per month, based on comparable rentals

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Details provided by MRED as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 1016 W Madison St Unit 4S

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1016 W Madison St Unit 4S

Early Access listings

Nearby similar homes

New listings for sale in 60607

More real estate resources