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  3. Skokie, IL
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  5. Madison Place
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Madison Place

5155 W Madison Street, Skokie, IL, 60077 |Madison Place

YEAR BUILT

# STORIES

# TOTAL UNITS

48

UNIT SIZE RANGE

2,030-2,130 sqft

Description

Madison Place is located at 5155 W Madison Street in Skokie. This well-maintained building features 48 units spread across several stories. Constructed with a modern design, it includes one, two, and three-bedroom layouts that provide varied options for residents. The unit sizes range from 2,030 to 2,130 square feet. Prices for these units are between $476,900 and $483,650. The average closed price in the past year was $332,334, with a price per square foot of about $248. This pricing reflects the local market trend and gives a good sense of value here. On average, units spend 87 days on the market. This gives buyers a reasonable timeframe to explore their choices without feeling rushed. The nearby community includes various businesses that cater to daily needs and offer shoppers plenty of options. Amenities enhance daily living here. The building provides an intercom system and elevators for ease of access. There are also bike rooms and trails nearby for those who enjoy cycling. These features promote an active lifestyle while adding to the overall appeal. The location is favorable for commuting with easy access to major roads. Residents can enjoy local parks and recreational spaces, making outdoor activities accessible. Living here presents a pleasant blend of community life and comfortable living options. Proximity to Lake Michigan adds to the charm, offering residents opportunities for scenic walks and relaxation by the water. Madison Place stands out as a strong option for those seeking a home in Skokie.

Building ImageMLS ID #12258275
Building ImageMLS ID #12017287
Building Image
Building ImageView Listing

Madison Place

5155 W Madison Street, Skokie, IL, 60077

|Madison Place

YEAR BUILT

# STORIES

# TOTAL UNITS

48

UNIT SIZE RANGE

2,030-2,130 sqft

Description

Madison Place is located at 5155 W Madison Street in Skokie. This well-maintained building features 48 units spread across several stories. Constructed with a modern design, it includes one, two, and three-bedroom layouts that provide varied options for residents. The unit sizes range from 2,030 to 2,130 square feet. Prices for these units are between $476,900 and $483,650. The average closed price in the past year was $332,334, with a price per square foot of about $248. This pricing reflects the local market trend and gives a good sense of value here. On average, units spend 87 days on the market. This gives buyers a reasonable timeframe to explore their choices without feeling rushed. The nearby community includes various businesses that cater to daily needs and offer shoppers plenty of options. Amenities enhance daily living here. The building provides an intercom system and elevators for ease of access. There are also bike rooms and trails nearby for those who enjoy cycling. These features promote an active lifestyle while adding to the overall appeal. The location is favorable for commuting with easy access to major roads. Residents can enjoy local parks and recreational spaces, making outdoor activities accessible. Living here presents a pleasant blend of community life and comfortable living options. Proximity to Lake Michigan adds to the charm, offering residents opportunities for scenic walks and relaxation by the water. Madison Place stands out as a strong option for those seeking a home in Skokie.

Next

Description

Madison Place is located at 5155 W Madison Street in Skokie. This well-maintained building features 48 units spread across several stories. Constructed with a modern design, it includes one, two, and three-bedroom layouts that provide varied options for residents. The unit sizes range from 2,030 to 2,130 square feet. Prices for these units are between $476,900 and $483,650. The average closed price in the past year was $332,334, with a price per square foot of about $248. This pricing reflects the local market trend and gives a good sense of value here. On average, units spend 87 days on the market. This gives buyers a reasonable timeframe to explore their choices without feeling rushed. The nearby community includes various businesses that cater to daily needs and offer shoppers plenty of options. Amenities enhance daily living here. The building provides an intercom system and elevators for ease of access. There are also bike rooms and trails nearby for those who enjoy cycling. These features promote an active lifestyle while adding to the overall appeal. The location is favorable for commuting with easy access to major roads. Residents can enjoy local parks and recreational spaces, making outdoor activities accessible. Living here presents a pleasant blend of community life and comfortable living options. Proximity to Lake Michigan adds to the charm, offering residents opportunities for scenic walks and relaxation by the water. Madison Place stands out as a strong option for those seeking a home in Skokie.

Madison Place Market Stats Last 12 months

Avg. Listed Price$344,500($256/Sqft.)

Avg. Sale Price$332,334($248/Sqft.)
Year over year list priceDown Arrow4.20%

Year over year sale priceDown Arrow 8.58%
Total Listings2 Listed

Total sold3 Sold
Average Days on Market87 days

Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceDown Arrow4.20%

Year over year sale priceDown Arrow8.58%
Total Listings2 Listed

Total sold3 Sold
Average Days on Market87 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 6096091899221212007-10-24
MLS#: 06563937
Closed$476,900
Unit 6046041777224112007-06-09
MLS#: 06115487
Closed$450,000
Unit 6036031899224032007-06-09
MLS#: 06124847
Closed$450,000
Unit 603
603

2 Beds

2 Baths

1899 sqft


DateStatusPrice
2007-06-09Closed$450,000
MLS#: 06124847
Days On Market403
Unit 604
604

2 Beds

2 Baths

1777 sqft


DateStatusPrice
2007-06-09Closed$450,000
MLS#: 06115487
Days On Market411
Unit 609
609

2 Beds

2 Baths

1899 sqft


DateStatusPrice
2007-10-24Closed$476,900
MLS#: 06563937
Days On Market121
View Complete Unit Listing HistorySource By: MRED

Amenities

Madison Place also offers a collection of impressive amenities that make everyday life easier and more enjoyable. Imagine coming home to a secure building with an intercom system that ensures your safety and peace of mind. Need to go up a few floors? The elevator makes daily errands a breeze! Plus, if you’re into biking, you’ll find easy access to bike trails and a dedicated bike room—perfect for those sunny days when you want to explore the neighborhood on two wheels.

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Amenities Description

Madison Place also offers a collection of impressive amenities that make everyday life easier and more enjoyable. Imagine coming home to a secure building with an intercom system that ensures your safety and peace of mind. Need to go up a few floors? The elevator makes daily errands a breeze! Plus, if you’re into biking, you’ll find easy access to bike trails and a dedicated bike room—perfect for those sunny days when you want to explore the neighborhood on two wheels.

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

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Patio

Patio

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Balcony

Balcony

Policies

For pet lovers, Madison Place is a pleasant surprise. It welcomes cats and dogs with open arms, so you can bring your furry friends along to enjoy your new home. Just be mindful of the size and number limits! It’s always good to be aware of any policies that might affect your living experience.

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$248/sqft.$3 /sqft.
Madison Place$223/sqft.$2 /sqft.
5155 W Madison Ave$248/sqft.$3 /sqft.
Madison Place$211/sqft.$3 /sqft.
5055 W Madison St$211/sqft.$3 /sqft.
8200 N Lincoln Avenue$240/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Madison Place.

Madison Elementary School

--
Public|Grades PK–2
5100 Madison St|0.07 miles away

Thomas Edison Elementary School

C+
Public|Grades 3–5
8200 Gross Point R...|0.69 miles away

Lincoln Jr High School

C+
Public|Grades 6–8
7839 Lincoln Ave|0.69 miles away

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|1.2 miles away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.26 miles away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|1.28 miles away
Next

Schools

Madison Elementary School

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

Thomas Edison Elementary School

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

Lincoln Jr High School

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

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|1.20 Miles Away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.26 Miles Away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|1.28 Miles Away

Elizabeth Meyer School

--
Public|Grades PK–KG
8100 Tripp Ave|1.48 Miles Away

Niles Central

--
Public|Grades 9–12
7700 Gross Point R...|1.54 Miles Away

Jane Stenson School

A
Public|Grades KG–5
9201 Lockwood Ave|1.60 Miles Away

Montessori School of Skokie

--
Private|Grades PK–5
8401 Karlov Ave|1.77 Miles Away

Devonshire Elementary School

B
Public|Grades KG–5
9040 Kostner Ave|1.78 Miles Away

Bridges Adult Transition Center

--
Public|Grades 9–12
4700 W Chase Ave|1.78 Miles Away

Jerusalem Evangelical Lutheran School

--
Private|Grades PK–8
6218 Capulina Ave|1.94 Miles Away

Hillel Torah North Suburban Day School

--
Private|Grades PK–8
7120 Laramie Ave|1.95 Miles Away

Fasman Yeshiva High School

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

Old Orchard Jr High School

B
Public|Grades 6–8
9310 Kenton Ave|1.97 Miles Away

Mosaic Early Childhood Academy

--
Private|Grades PK–KG
4023 Gemtester|2.03 Miles Away

Fairview South Elementary School

A-
Public|Grades KG–8
7040 Laramie Ave|2.03 Miles Away

Oliver Mccracken Middle School

A-
Public|Grades 6–8
8000 E Prairie Rd|2.06 Miles Away

Park View Elementary School

A-
Public|Grades PK–8
6200 Lake St|2.18 Miles Away

East Prairie Elementary School

A
Public|Grades PK–8
7616 E Prairie Rd|2.22 Miles Away

Mesivta Shaarei Adirim

--
Private|Grades 9–11
9220 Crawford Ave|2.48 Miles Away

Niles North High School

B
Public|Grades 9–12
9800 Lawler Ave|2.62 Miles Away

Dr Bessie Rhodes School Global Studies

C
Public|Grades KG–8
3701 Davis St|2.66 Miles Away

Transit

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

8200 N Niles Center

0.23 miles away|5 min walk

Bronx & Dempster

0.93 miles away|18 min walk

Bronx & Grove

1.23 miles away|24 min walk

Bronx & Davis

1.39 miles away|27 min walk

Central Ave & Howard St

1.43 miles away|28 min walk

Church St & Skokie Blvd

1.64 miles away|32 min walk
Next

Transit

8200 N Niles Center

0.23 miles away|5 min walk

Bronx & Dempster

0.93 miles away|18 min walk

Bronx & Grove

1.23 miles away|24 min walk

Bronx & Davis

1.39 miles away|27 min walk

Central Ave & Howard St

1.43 miles away|28 min walk

Church St & Skokie Blvd

1.64 miles away|32 min walk

Austin Station

1.65 miles away|32 min walk

Church St & Keating Ave

1.65 miles away|32 min walk

Church St & Kilpatrick Ave

1.69 miles away|33 min walk

Cicero & Sherwin

1.69 miles away|33 min walk

Central Ave & Jarvis Ave

1.72 miles away|33 min walk

Church St & Knox Ave

1.75 miles away|34 min walk

Church St & Niles Center Rd

1.76 miles away|34 min walk

Church St & Kenton Ave/Niles Center Rd

1.77 miles away|34 min walk

Church St & Kolmar Ave

1.81 miles away|35 min walk

Cicero & Jarlath

1.84 miles away|36 min walk

Carpenter/Touhy

1.85 miles away|36 min walk

Church St & Kilbourn Ave

1.86 miles away|36 min walk

Crawford Ave & Cleveland St

1.9 miles away|37 min walk

Church St & Kenneth Ave

1.91 miles away|37 min walk

Cicero & Touhy

1.93 miles away|37 min walk

5405 W Touhy Ave

1.93 miles away|38 min walk

Church St & Kostner Ave

1.96 miles away|38 min walk

Church St & Lowell Ave

2.02 miles away|39 min walk

Carpenter/Traffic Signal/Village Crossing

2.02 miles away|39 min walk

Crawford Ave & Crain St

2.03 miles away|39 min walk

4545 W Touhy Ave

2.05 miles away|40 min walk

Church St & Kildare Ave

2.07 miles away|40 min walk

Cicero & Estes

2.09 miles away|40 min walk

Crawford Ave & Dempster St

2.1 miles away|41 min walk

5727 W Touhy Ave

2.11 miles away|41 min walk

5740 W Touhy Ave

2.12 miles away|41 min walk

Crawford Ave & Brummel St

2.12 miles away|41 min walk

Carpenter/Fairview

2.13 miles away|41 min walk

Church St & Tripp Ave

2.13 miles away|41 min walk

Crawford Ave & Enfield Ave

2.13 miles away|41 min walk

Crawford Ave & Dobson St

2.16 miles away|42 min walk

Church St & Keeler Ave

2.19 miles away|42 min walk

Carpenter/Lunt

2.19 miles away|42 min walk

Cicero & Lunt

2.25 miles away|44 min walk

Church St & Kedvale Ave

2.25 miles away|44 min walk

Church St & Karlov Ave

2.32 miles away|45 min walk

Church St & Keystone Ave

2.38 miles away|46 min walk

Central/Morse

2.38 miles away|46 min walk

Church St & Crawford Ave

2.44 miles away|47 min walk

Crawford Ave & Church St

2.44 miles away|47 min walk

Central/Pratt

2.55 miles away|49 min walk

Cicero & Pratt

2.57 miles away|50 min walk

Central/Sauganash

2.63 miles away|51 min walk

3701 Howard St

2.66 miles away|51 min walk

The Neighbourhood: Madison Place

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Madison Place Demographics

Age Demographics

0–14 Years

18.66%

15–29 Years

17.04%

30–44 Years

17.22%

45–59 Years

20.34%

60+ Years

26.74%

Commute

6.05%

Transit

3.1%

Walk

78.53%

Drive

0.59%

Bike

Housing Ownership

60.92%

Owner Occupied

39.08%

Rental Units

Household Types

Single Family
29.73%
Multi Family
13.78%
Single Person
27.2%
Multi Person
72.8%

Average Income

Household:$7,941,212.6 /yr

Individual:$3,502,776.02 /yr

Education

Bachelors Degree28.84%
High School College20.7%
Diploma5.88%
Post Graduate17.41%
Others27.17%
Next

Education

Diploma5.88%
Post Graduate17.41%
Others27.17%
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  2. /Skokie, IL
  3. /
    Madison Place
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