7605 Madison Street
$899,000
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Description
Incredible opportunity! 3 storefronts + 3 apartments + garage + parking-- All in downtown Forest Park! This building is situated at a busy intersection with 10,000+ vehicle traffic per day. Tons of on-street parking and next to a municipal parking lot. 4 leases in place, 1 storefront available for an owner occupant. There are 2-2 bedroom apartments and 1-1 bedroom apartment on the 2nd floor. All tenants have separate electric and gas. Downtown zoning--perfect for restaurants, bars, retail and service...Incredible opportunity! 3 storefronts + 3 apartments + garage + parking-- All in downtown Forest Park! This building is situated at a busy intersection with 10,000+ vehicle traffic per day. Tons of on-street parking and next to a municipal parking lot. 4 leases in place, 1 storefront available for an owner occupant. There are 2-2 bedroom apartments and 1-1 bedroom apartment on the 2nd floor. All tenants have separate electric and gas. Downtown zoning--perfect for restaurants, bars, retail and service businesses. Great cash flow from day 1 with an opportunity for growth! Join the vibrant businesses within the Forest Park Main Street including major chains --Starbucks, Dominos, Duncan Donuts and local favorites like Starship, Piacere Mio, Robert's Westside, O'Sullivans, Jimmy's and more! Also, major development is planned just to the west of this location along Madison St. Long time owner has maintained the property well but property is being sold AS IS. Municipal compliance inspection complete.
- Listed by Laura Maychruk • Laura Maychruk Real Estate
Property Details for 7605 Madison Street
Area
Forest Park
TownshipProviso
Num of Interior Fireplaces0
ZoningCOMMR
LISTING UPDATED: 08/30/2024 12:06 AM
Property Details for 7605 Madison Street
Status | Active |
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MLS # | 12144967 |
Days on Market | 50 |
Taxes | $19,567 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1888 |
Lot Size | 0.18 AC / 7,625 SF |
County | Cook County |
Building Information for 7605 Madison Street
Stories2Residences6Year Built1888Lot Size0.18 AC / 7,625 SF
Property Information for 7605 Madison Street
Property History for 7605 Madison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7605 Madison Street
Taxable ValueLand$2,801Additions$31,768Total$34,569
Tax Record2022$12,390 ($1,033 / month)
Home Facts
Baths4.5Total Finished SqFt5,386 SqFtAbove Grade Finished SqFt5,386 SqFtStories2Lot Size4,310 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN15-12-429-049
Schools near 7605 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 |
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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.
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