$465,000
- 2
- beds
- 1
- baths
- 1,168
- sqft
- 2001
- year built
- 2
- beds
- 1
- baths
- 1,168
- sqft
- 2001
- year built
- Status:
- Pending
- MLS #:
- 12739191
- County:
- Cook
- Listed By:
- Lance Kirshner - Compass
- Office Phone:
- (312) 319-1168
- Agent Email:
- lance.kirshner@compass.com
Sponsoring Broker: Diane Glass, Berkshire Hathaway HomeServices Chicago
Don't miss this completely turnkey 2 bedroom/1 bath loft condo in the heart of the West Loop! Step inside to a bright and welcoming home with a well-designed layout that makes everyday living and entertaining effortless. The spacious and extra-wide living space provides plenty of room for lounging and dining, and even enough room for a home office setup. The updated open-concept kitchen offers white shaker-style cabinetry, granite countertops, stainless steel appliances, subway tile backsplash, and a center island. One of the home's standout features is the spacious walk-out terrace, offering a seamless extension of the living space and a private outdoor oasis. Perfect for morning coffee, al fresco dining, or entertaining friends; this sought-after amenity brings an extra level of enjoyment to city living. The functional floor plan offers two split bedrooms, both fully enclosed. The versatile second bedroom can be used as a comfortable guest suite, home gym, or office. Recent improvements include a gut-renovated bathroom, newer HVAC, new carpet in bedrooms, updated lighting, and custom closets throughout. One garage parking spot is included in the purchase price. Perfectly positioned along Madison Street, this home puts you in the center of everything that makes the West Loop one of Chicago's most coveted neighborhoods. Walk to an incredible selection of restaurants, coffee shops, nightlife, boutique fitness studios, shopping, and entertainment. Easy access to downtown, public transportation, expressways, and the area's many parks and green spaces add to the convenience.
-
- Bedrooms
- 2
-
- Bathrooms
- 1
-
- Year Built
- 2001
-
- Stories
- 6.0
-
- Construction Materials
- Brick
-
- Foundation
- Concrete Perimeter
-
- Garage Spaces
- 1.0
-
- Parking Features
- Attached, Garage
-
- Living Area
- 1168.0
-
- Interior Features
- Storage, Elevator
-
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Disposal, Humidifier, Stainless Steel Appliance(s)
-
- Flooring
- Hardwood
-
- Exterior Features
- Balcony
-
- Cooling
- Ceiling Fan(s), Central Air
-
- Heating
- Forced Air
-
- Basement
- None
-
- Water
- Public
-
- Area
- CHI - Near West Side
-
- County
- Cook
-
- City
- Chicago
-
- Zip Code
- 60607
-
- Middle School
- Skinner Elementary School
-
- Elementary School
- Skinner Elementary School
-
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Estimated Value
$451,605
Estimated Sales Price Range:
$415,476 - $487,733
Source: Constellation Data Labs
Price History
| 09/04/2026 | Listed | $465,000 |
| Source: Midwest Real Estate Data (MRED) #12739191 | ||
Source: MLS Data
Deed History
| 08/12/2019 | Warranty Deed | $420,000 |
| 05/16/2018 | Warranty Deed | $393,500 |
| 05/15/2015 | Warranty Deed | $343,000 |
| 06/23/2005 | Warranty Deed | $299,000 |
| 04/12/2002 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 05/17/2001 | Warranty Deed | $272,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 12/07/2020 | Conventional | $375,000 |
| 08/12/2019 | Conventional | $378,000 |
| 05/16/2018 | Conventional | $373,825 |
| 05/15/2015 | Conventional | $274,400 |
| 03/27/2009 | Unknown | $228,000 |
| 06/23/2005 | Credit Line (Revolving) / HELOC | $44,850 |
| 06/23/2005 | Fannie Mae/Freddie Mac (Code phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.) | $239,200 |
| 03/19/2003 | Unknown | $254,000 |
| 04/12/2002 | $254,000 | |
| 11/06/2001 | Unknown | $256,000 |
| 05/17/2001 | $258,300 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
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How much is the monthly mortgage payment for 1301 W Madison St #407?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1301 W Madison St #407 at around $3,312. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 1301 W Madison St #407?
In most cases, yes. Whether 1301 W Madison St #407 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chicago's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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What is the price per square foot for this home?
This home is listed at $465,000 with 1,168 sqft of space—that comes out to approximately $398 per square foot.
How long has this property been on the market?
1301 W Madison St #407 was listed on September 04, 2026, which means it's been on the market for 72 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 2001, making it approximately 25 years old.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Skinner Elementary School
- Middle: Skinner Elementary School
Want to see how these schools compare? Check out our Cook County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 1301 W Madison St #407?
The most recent public record shows annual property taxes for 1301 W Madison St #407 were approximately $7,996. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is there an HOA fee for this property, and what does it cover?
This home has an HOA fee of $403 paid monthly.
This covers access to community features including: Service Elevator(s).
Is 1301 W Madison St #407 still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.
Last Updated: November 15, 2026 at 12:27AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12739191
