7242 Roosevelt Road

Forest Park, IL 60130

$399,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Looking for Passive Cash Flow? Renovated mixed use investment property featuring three, 1BR/1BA spacious apartments with great size rooms on the 2nd Floor. The first floor retail space is a laundromat (with an office space in the rear) in its 3rd year of a 5yr lease. Tenants easily can walk to Jewel, Walmart, and Forest Park Shopping plaza for supplies and decor. Enjoy a bike ride or exercise at the lovely Maple Park only a few blocks away. Located near Forest Park Blue Line, I-290, and several Bus...Looking for Passive Cash Flow? Renovated mixed use investment property featuring three, 1BR/1BA spacious apartments with great size rooms on the 2nd Floor. The first floor retail space is a laundromat (with an office space in the rear) in its 3rd year of a 5yr lease. Tenants easily can walk to Jewel, Walmart, and Forest Park Shopping plaza for supplies and decor. Enjoy a bike ride or exercise at the lovely Maple Park only a few blocks away. Located near Forest Park Blue Line, I-290, and several Bus Routes. Emergency Lighting and Exit Signs in Laundromat. Electric Power at 400 amps along with Plumbing upgrades! Fully Occupied and Well Kept Building! Great Investment opportunity! Schedule a showing and see for yourself!
  1. Listed by Samuel Perez • Fathom Realty IL, LLC
  2. Listed by Matthew Reilly • Fathom Realty IL

Property Details for 7242 Roosevelt Road

Area
Forest Park
Zoning
COMMR
LISTING UPDATED: 08/17/2024 03:30 AM

Property Details for 7242 Roosevelt Road

StatusActive
MLS #11821667
Days on Market640
Taxes$8,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.06 AC / 2,592 SF
CountyCook County

Building Information for 7242 Roosevelt Road

Stories2Residences3Year Built1959Lot Size0.06 AC / 2,592 SF

Property Information for 7242 Roosevelt Road

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Northwest Suburban,Chicago West,Far West
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 2592.0
  • Stories: 2
  • Fire Protection: None
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 36
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $1,565.00
  • Fuel Expense: $825.00
  • Gross Income: $46,356.00
  • Gross Scheduled Income: $30,124.00
  • Insurance Expense: $3,000.00
  • Total Monthly Income: 3863
  • Other Expense: $.00
  • Trash Expense: $1,670.00
  • Water Sewer Expense: $2,400.00

Property History for 7242 Roosevelt Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7242 Roosevelt Road

Taxable ValueLand$1,421Additions$23,982Total$25,403
Tax Record2022$9,105 ($759 / month)
Home Facts
Baths2.5Total Finished SqFt2,912 SqFtAbove Grade Finished SqFt2,912 SqFtStories2Lot Size2,472 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyCOOKAPN15-24-203-003

Schools near 7242 Roosevelt Road

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Betsy Ross Elementary School
PublicK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7242 Roosevelt Road is a mixed use property for sale in Forest Park, IL 60130. This property was listed for sale on July 1, 2023 by Fathom Realty IL, LLC, it's currently listed at $399,900. It has been on the market for a total of 640 days and was last sold on May 21, 2021. This listing's school districts are Proviso Twp Hsd 209 School District, Forest Park School District 91. Nearby schools include Garfield Elementary School, Betsy Ross Elementary School and Field Stevenson Elementary School. 7242 Roosevelt Road is a 0-bed, 0-bath, mixed use property built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fathom Realty IL, LLC; Fathom Realty IL

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.