7501 Madison Street

Forest Park, IL 60130

$475,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Investment opportunity on Madison Street in the well known Business district! 1200 SF of storefront that is currently being rented out along with 1200 SF upstairs that is a 2 Bed 2 Bath that is also being rented out. There is a beautiful brick patio courtyard between the building and the 2 car garage that is included. This property has amazing location with great curb appeal!Great Investment opportunity on Madison Street in the well known Business district! 1200 SF of storefront that is currently being rented out along with 1200 SF upstairs that is a 2 Bed 2 Bath that is also being rented out. There is a beautiful brick patio courtyard between the building and the 2 car garage that is included. This property has amazing location with great curb appeal!
  1. Listed by Michael Padron • Associates Realty

Property Details for 7501 Madison Street

Area
Forest Park
LISTING UPDATED: 09/22/2024 12:07 AM

Property Details for 7501 Madison Street

StatusActive
MLS #12147607
Days on Market184
Taxes$15,318 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1903
Lot Size0.09 AC / 3,915 SF
CountyCook County

Building Information for 7501 Madison Street

Stories2Residences2Year Built1903Lot Size0.09 AC / 3,915 SF

Property Information for 7501 Madison Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Dryers: 1
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 3915
  • Lot Size Square Feet: 3915.0
  • Stories: 2
  • Fire Protection: Smoke or Fire Protectors
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 29
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $49,200.00
  • Gross Scheduled Income: $49,200.00
  • Insurance Expense: $.00
  • Total Monthly Income: 4100
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 7501 Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7501 Madison Street

Taxable ValueLand$2,544Additions$27,188Total$29,732
Tax Record2022$9,430 ($786 / month)
Home Facts
Baths3.5Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size3,915 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN15-12-431-028

Schools near 7501 Madison Street

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 to 8

Proviso East High School
Public9 to 12

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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Similar Sold Homes

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7501 Madison Street is a mixed use property for sale in Forest Park, IL 60130. This property was listed for sale on August 26, 2024 by Associates Realty, it's currently listed at $475,000. It has been on the market for a total of 184 days and was last sold on August 25, 2022. This listing's school districts are Proviso Twp Hsd 209 School District, Forest Park School District 91. Nearby schools include Garfield Elementary School, Field Stevenson Elementary School and Forest Park Middle School. 7501 Madison Street is a 0-bed, 0-bath, mixed use property built in 1903.

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 Associates Realty

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 09/22/2024 12:07 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.