For sale

$860,000

Est. $7,334/mo —

•

1,900

sq ft

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

About this home

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

$453Price/Sq.Ft.

$556/moHOA Dues

1 car garageParking

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

Listing updated: Sep 28, 2026 at 12:51pm

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #12765654

Payment calculator

$7,334 per month

Principal and interest$4,870

Property taxes

HOA dues

Home insurance

Utilities

5 minutes to get started. No credit impact.

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Open houses

No upcoming open houses.

Nearby open houses (10)

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REDFIN OPEN SUN, 12PM TO 2PM
$599,000
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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 · $860,000

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 $309,900. (64% 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
Granite counters
Storage
Walk-in closet(s)
Drapes
Plantation shutters
Marble and hardwood flooring (primarily hardwood)
One fireplace in the living room with gas log and gas starter

Bedrooms
Master bedroom on main level with full bath, double sink, shower-only
Second bedroom on main level with blinds

Bathrooms
Two full bathrooms
Bathrooms feature separate shower, double sink, full body spray shower, no tub

Kitchen
Updated kitchen with granite counters and breakfast bar
High-end stainless steel refrigerator
Cooktop and oven (gas oven)
Double oven
Microwave
Range hood
Dishwasher
Disposal

Laundry & utility
In-unit laundry on main level with washer hookup, laundry closet and sink
Washer and dryer included

Flooring
Hardwood flooring in main living areas
Carpet in bedrooms
Marble in foyer

Heating & cooling
Natural gas forced air 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

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)

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

$859,548

$452 under list price of $860K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $700K to $1.2M.

SOLD JUN 9, 2026
$700,000 Last sold price
2 beds2 baths1,250 sq ft
948 W Madison St Unit 2NW, Chicago, IL 60607
$107/sq ft
SOLD APR 22, 2026
$1,225,000 Last sold price
3 beds2.5 baths1,950 sq ft
23 N Aberdeen St Unit 2N, Chicago, IL 60607
$175/sq ft
SOLD SEP 17, 2026
$935,000 Last sold price
3 beds2.5 baths2,400 sq ft
1001 W Madison St #710, Chicago, IL 60607
$63/sq ft
SOLD SEP 4, 2026
$700,000 Last sold price
2 beds2 baths1,500 sq ft
1037 W Monroe St #3, Chicago, IL 60607
$14/sq ft
SOLD AUG 21, 2026
$1,230,000 Last sold price
3 beds3 baths1,900 sq ft
16 N Carpenter St Unit 3N, Chicago, IL 60607
$194/sq ft
SOLD APR 17, 2026
$950,000 Last sold price
2 beds2 baths— sq ft
1000 W Washington Blvd #336, Chicago, IL 60607

Rental earnings

Est. $4,367 per month, based on comparable rentals

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Early Access listings

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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

Affordability tools

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