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  3. Skokie, IL
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  5. Madison Place
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Madison Place

5055 Madison Street, Skokie, IL, 60077 |Madison Place

YEAR BUILT

2003

# STORIES

# TOTAL UNITS

43

UNIT SIZE RANGE

1,960-2,060 sqft

Description

Madison Place sits at 5055 Madison Street in Skokie. This building was built in 2003 and consists of 43 units spread across its many stories. It spans from 1,960 to 2,060 square feet. There are options with 1, 2, or 3 bedrooms, catering to different needs. The price range for the available units is between $425,000 and $420,000. The latest closed sale was around $235,000. Overall, the average closed price here is about $327,500. Recent sales show an average price per square foot of around $211. Homes here sell quite quickly, averaging just 34 days on the market. This gives buyers a fair chance to explore their choices. Nearby businesses like Aljoud Market LLC and Altur provide grocery needs. Dining options include La Playita, making meals out convenient. Residents can enjoy several amenities within the building. It includes an exercise room for fitness and a party room for gatherings. An intercom system provides added security, and elevators ease access to all floors. Parking is available, allowing for hassle-free living. The surrounding area is peaceful and gives a sense of community. Not far down the road, local parks add to recreational opportunities. This location is close to Lake Michigan, appealing to those who appreciate outdoor activities. Overall, Madison Place presents a comfortable lifestyle in a friendly neighborhood, with many options for relaxation and enjoyment.

Building ImageMLS ID #12302698
Building ImageMLS ID #12041417
Building Image
Building ImageView Listing

Madison Place

5055 Madison Street, Skokie, IL, 60077

|Madison Place

YEAR BUILT

2003

# STORIES

# TOTAL UNITS

43

UNIT SIZE RANGE

1,960-2,060 sqft

Description

Madison Place sits at 5055 Madison Street in Skokie. This building was built in 2003 and consists of 43 units spread across its many stories. It spans from 1,960 to 2,060 square feet. There are options with 1, 2, or 3 bedrooms, catering to different needs. The price range for the available units is between $425,000 and $420,000. The latest closed sale was around $235,000. Overall, the average closed price here is about $327,500. Recent sales show an average price per square foot of around $211. Homes here sell quite quickly, averaging just 34 days on the market. This gives buyers a fair chance to explore their choices. Nearby businesses like Aljoud Market LLC and Altur provide grocery needs. Dining options include La Playita, making meals out convenient. Residents can enjoy several amenities within the building. It includes an exercise room for fitness and a party room for gatherings. An intercom system provides added security, and elevators ease access to all floors. Parking is available, allowing for hassle-free living. The surrounding area is peaceful and gives a sense of community. Not far down the road, local parks add to recreational opportunities. This location is close to Lake Michigan, appealing to those who appreciate outdoor activities. Overall, Madison Place presents a comfortable lifestyle in a friendly neighborhood, with many options for relaxation and enjoyment.

Next

Description

Madison Place sits at 5055 Madison Street in Skokie. This building was built in 2003 and consists of 43 units spread across its many stories. It spans from 1,960 to 2,060 square feet. There are options with 1, 2, or 3 bedrooms, catering to different needs. The price range for the available units is between $425,000 and $420,000. The latest closed sale was around $235,000. Overall, the average closed price here is about $327,500. Recent sales show an average price per square foot of around $211. Homes here sell quite quickly, averaging just 34 days on the market. This gives buyers a fair chance to explore their choices. Nearby businesses like Aljoud Market LLC and Altur provide grocery needs. Dining options include La Playita, making meals out convenient. Residents can enjoy several amenities within the building. It includes an exercise room for fitness and a party room for gatherings. An intercom system provides added security, and elevators ease access to all floors. Parking is available, allowing for hassle-free living. The surrounding area is peaceful and gives a sense of community. Not far down the road, local parks add to recreational opportunities. This location is close to Lake Michigan, appealing to those who appreciate outdoor activities. Overall, Madison Place presents a comfortable lifestyle in a friendly neighborhood, with many options for relaxation and enjoyment.

Madison Place Market Stats Last 12 months

Avg. Listed Price$326,500($214/Sqft.)
Avg. Sale Price$327,500($211/Sqft.)
Year over year list priceDown Arrow4.81%
Year over year sale priceDown Arrow 3.30%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market34 days
Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceDown Arrow4.81%
Year over year sale priceDown Arrow3.30%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market34 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Madison Place Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 310310199532372025-04-10
MLS#: 12302698 		Closed$420,000
Unit 204204199632342023-08-31
MLS#: 11844289 		Closed$425,000
Unit 310310-321532008-10-08
MLS#: 06888904 		Closed$425,000
Unit 204
204

3 Beds

2 Baths

1996 sqft

DateStatusPrice
2023-08-31Closed$425,000
MLS#: 11844289
Days On Market34
Unit 310
310

3 Beds

2 Baths

1995 sqft

DateStatusPrice
2025-04-10Closed$420,000
MLS#: 12302698
Days On Market37
Unit 310
310

3 Beds

2 Baths

0 sqft

DateStatusPrice
2008-10-08Closed$425,000
MLS#: 06888904
Days On Market153
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the standout features of living at Madison Place is the fantastic amenities available to residents. Imagine working out in a well-equipped exercise room or hosting friends in a trendy party room. The building is also equipped with a service elevator and receiving room to make everyday living seamless. If you're a nature lover, the nearby trails will surely catch your interest, especially for morning runs or evening strolls in the fresh air. The community park is an added touch, offering a perfect spot for relaxation or a quick game of catch.

Next

Amenities Description

One of the standout features of living at Madison Place is the fantastic amenities available to residents. Imagine working out in a well-equipped exercise room or hosting friends in a trendy party room. The building is also equipped with a service elevator and receiving room to make everyday living seamless. If you're a nature lover, the nearby trails will surely catch your interest, especially for morning runs or evening strolls in the fresh air. The community park is an added touch, offering a perfect spot for relaxation or a quick game of catch.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Security Door Lock(s)

Security Door Lock(s)

Receiving Room

Receiving Room

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

At Madison Place, you’ll find policies that cater to both creature comforts and practicality. If you’re a pet owner, you’ll be pleased to know that cats are welcome, and dogs too, making it an inviting space for animal lovers. Of course, there are size limits and numbers regarding pets, but that just ensures a comfortable community environment for all residents.

Next

Amenities Description

At Madison Place, you’ll find policies that cater to both creature comforts and practicality. If you’re a pet owner, you’ll be pleased to know that cats are welcome, and dogs too, making it an inviting space for animal lovers. Of course, there are size limits and numbers regarding pets, but that just ensures a comfortable community environment for all residents.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Madison Place$211/sqft.$3 /sqft.
5055 W Madison St$211/sqft.$3 /sqft.
8232 Niles Center Rd$149/sqft.$56 /sqft.
8232 Niles Center Road$197/sqft.$4 /sqft.
5001 Madison St$198/sqft.$4 /sqft.
Madison Place$248/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Madison Place.

Madison Elementary School

--
Public|Grades PK–2
5100 Madison St|0.14 miles away

Lincoln Jr High School

C+
Public|Grades 6–8
7839 Lincoln Ave|0.66 miles away

Thomas Edison Elementary School

C+
Public|Grades 3–5
8200 Gross Point R...|0.78 miles away

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|1.29 miles away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.34 miles away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|1.37 miles away
Next

Schools

Madison Elementary School

--
Public|Grades PK–2
5100 Madison St|Less than 1 Mile Away

Lincoln Jr High School

C+
Public|Grades 6–8
7839 Lincoln Ave|Less than 1 Mile Away

Thomas Edison Elementary School

C+
Public|Grades 3–5
8200 Gross Point R...|Less than 1 Mile Away

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|1.29 Miles Away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.34 Miles Away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|1.37 Miles Away

Elizabeth Meyer School

--
Public|Grades PK–KG
8100 Tripp Ave|1.38 Miles Away

Niles Central

--
Public|Grades 9–12
7700 Gross Point R...|1.61 Miles Away

Jane Stenson School

A
Public|Grades KG–5
9201 Lockwood Ave|1.63 Miles Away

Montessori School of Skokie

--
Private|Grades PK–5
8401 Karlov Ave|1.68 Miles Away

Devonshire Elementary School

B
Public|Grades KG–5
9040 Kostner Ave|1.72 Miles Away

Bridges Adult Transition Center

--
Public|Grades 9–12
4700 W Chase Ave|1.73 Miles Away

Hillel Torah North Suburban Day School

--
Private|Grades PK–8
7120 Laramie Ave|1.94 Miles Away

Mosaic Early Childhood Academy

--
Private|Grades PK–KG
4023 Gemtester|1.95 Miles Away

Old Orchard Jr High School

B
Public|Grades 6–8
9310 Kenton Ave|1.95 Miles Away

Oliver Mccracken Middle School

A-
Public|Grades 6–8
8000 E Prairie Rd|1.96 Miles Away

Fasman Yeshiva High School

--
Private|Grades 9–12
7135 Carpenter Rd|1.97 Miles Away

Fairview South Elementary School

A-
Public|Grades KG–8
7040 Laramie Ave|2.02 Miles Away

Jerusalem Evangelical Lutheran School

--
Private|Grades PK–8
6218 Capulina Ave|2.04 Miles Away

East Prairie Elementary School

A
Public|Grades PK–8
7616 E Prairie Rd|2.13 Miles Away

Park View Elementary School

A-
Public|Grades PK–8
6200 Lake St|2.27 Miles Away

Mesivta Shaarei Adirim

--
Private|Grades 9–11
9220 Crawford Ave|2.42 Miles Away

Dr Bessie Rhodes School Global Studies

C
Public|Grades KG–8
3701 Davis St|2.58 Miles Away

Keshet High School

--
Private|Grades 9–12
8233 Central Park ...|2.59 Miles Away

Ida Crown Jewish Academy

--
Private|Grades 9–12
8233 Central Park ...|2.60 Miles Away

John Middleton Elementary School

B-
Public|Grades 1–5
8300 Saint Louis A...|2.61 Miles Away

Niles North High School

B
Public|Grades 9–12
9800 Lawler Ave|2.64 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

8200 N Niles Center

0.17 miles away|4 min walk

Bronx & Dempster

0.91 miles away|18 min walk

Bronx & Grove

1.22 miles away|24 min walk

Bronx & Davis

1.39 miles away|27 min walk

Central Ave & Howard St

1.47 miles away|29 min walk

Church St & Skokie Blvd

1.62 miles away|32 min walk
Next

Transit

8200 N Niles Center

0.17 miles away|4 min walk

Bronx & Dempster

0.91 miles away|18 min walk

Bronx & Grove

1.22 miles away|24 min walk

Bronx & Davis

1.39 miles away|27 min walk

Central Ave & Howard St

1.47 miles away|29 min walk

Church St & Skokie Blvd

1.62 miles away|32 min walk

Church St & Keating Ave

1.63 miles away|32 min walk

Cicero & Sherwin

1.65 miles away|32 min walk

Church St & Kilpatrick Ave

1.67 miles away|32 min walk

Church St & Knox Ave

1.72 miles away|33 min walk

Church St & Niles Center Rd

1.73 miles away|34 min walk

Church St & Kenton Ave/Niles Center Rd

1.74 miles away|34 min walk

Austin Station

1.75 miles away|34 min walk

Central Ave & Jarvis Ave

1.75 miles away|34 min walk

Church St & Kolmar Ave

1.78 miles away|35 min walk

Cicero & Jarlath

1.79 miles away|35 min walk

Crawford Ave & Cleveland St

1.8 miles away|35 min walk

Church St & Kilbourn Ave

1.82 miles away|35 min walk

Carpenter/Touhy

1.86 miles away|36 min walk

Church St & Kenneth Ave

1.87 miles away|36 min walk

Cicero & Touhy

1.88 miles away|37 min walk

Church St & Kostner Ave

1.92 miles away|37 min walk

Crawford Ave & Crain St

1.94 miles away|38 min walk

5405 W Touhy Ave

1.95 miles away|38 min walk

Church St & Lowell Ave

1.97 miles away|38 min walk

4545 W Touhy Ave

1.99 miles away|39 min walk

Crawford Ave & Dempster St

2.02 miles away|39 min walk

Church St & Kildare Ave

2.02 miles away|39 min walk

Crawford Ave & Brummel St

2.03 miles away|39 min walk

Carpenter/Traffic Signal/Village Crossing

2.03 miles away|39 min walk

Cicero & Estes

2.05 miles away|40 min walk

Crawford Ave & Dobson St

2.07 miles away|40 min walk

Church St & Tripp Ave

2.08 miles away|40 min walk

Carpenter/Fairview

2.13 miles away|41 min walk

Church St & Keeler Ave

2.13 miles away|41 min walk

5727 W Touhy Ave

2.14 miles away|41 min walk

5740 W Touhy Ave

2.15 miles away|42 min walk

Carpenter/Lunt

2.19 miles away|43 min walk

Church St & Kedvale Ave

2.2 miles away|43 min walk

Cicero & Lunt

2.21 miles away|43 min walk

Church St & Karlov Ave

2.26 miles away|44 min walk

Church St & Keystone Ave

2.32 miles away|45 min walk

Church St & Crawford Ave

2.38 miles away|46 min walk

Crawford Ave & Church St

2.38 miles away|46 min walk

Central/Morse

2.39 miles away|46 min walk

Cicero & Pratt

2.54 miles away|49 min walk

Central/Pratt

2.55 miles away|49 min walk

3701 Howard St

2.57 miles away|50 min walk

Central/Sauganash

2.63 miles away|51 min walk

3601 Howard St

2.65 miles away|51 min walk

The Neighbourhood: Madison Place

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Madison Place Demographics

Age Demographics

0–14 Years

18.89%

15–29 Years

16.92%

30–44 Years

17.2%

45–59 Years

20.36%

60+ Years

26.64%

Commute

6.03%

Transit

3.04%

Walk

78.51%

Drive

0.61%

Bike

Housing Ownership

60.97%

Owner Occupied

39.03%

Rental Units

Household Types

Single Family
30.06%
Multi Family
13.8%
Single Person
26.92%
Multi Person
73.08%

Average Income

Household:$8,036,120.78 /yr

Individual:$3,502,163.94 /yr

Education

Bachelors Degree28.96%
High School College20.53%
Diploma5.9%
Post Graduate17.44%
Others27.17%
Next

Education

Diploma5.9%
Post Graduate17.44%
Others27.17%
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  2. /Skokie, IL
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    Madison Place
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