Eco Friendly
Address
7234 Madison Street Forest Park, IL
Price
$ 584,900
Property Attributes
  • MLS#10933952
  • TypeCommercial
  • CountyCOOK
  • CityForest Park
  • AreaForest Park
  • NeighborhoodSamuel A Rothermel Houses
  • Zip60130
  • StyleCommercial,Condominium,Retail,Special Use
  • Year Built1904
  • Taxes$ 16836
  • Price$ 584,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5160
Listing Provided Courtesy Of:
Mid-America Realty & Investment
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

ORIGINALLY THIS BUILDING WAS A FAMILY RUN GROCER. PASSED DOWN THROUGH 3 GENERATION. LOCATED IN THE HEART OF DOWNTOWN FOREST PARK. JUST BLOCKS FROM RUSH OAK PARK HOSPITAL. UNION PACIFIC METRA LINE IS JUST FOUR BLOCKS NORTH AND THE CTA BLUE LINE IS JUST FOUR BLOCKS TO THE SOUTH. THE SECOND AND THIRD FLOORS CONTAIN FOUR NICE 2 BEDROOM 1 BATH UNITS WITH HARDWOOD FLOORS. EACH UNITS APPLIANCES ARE INCLUDED. EACH UNIT HAS A MONTH TO MONTH TENANT AT THIS TIME. RENTS COULD BE MUCH HIGHER. UTILITIES PAID BY TENANT VARY. HEATED ENCLOSED PARKING FOR APARTMENT TENANTS ONLY. COMMERCIAL SPACE IS 1500 SQUARE FEET AND IS OCCUPIED BY A YOGA STUDIO WITH MULTI-YEAR LEASE. BATHROOM, OFFICE & STORAGE INCLUDED ON FIRST FLOOR WITH ACCESS TO ATTACHED GARAGE FOR ALLEY DELIVERIES. CALL TO MAKE AN APPOINTMENT. INTERIOR PICTURES WERE TAKEN WHEN THE PRIVIOUS TENANT OCCUPIED THE SPACE (DEFIANT COMICS)

Price History
11/15/2020 Listed $599,900
12/15/2020 3% - $584,900

General Features

Additional Parcels Y/N No
City Forest Park
Construction Materials Brick
Cooling Central Individual, Window Unit(s)
County Cook
Current Use Commercial
Days on Market 235
Directions HARLEM OR DESPLAINS. EAST OR WEST TO 7234 MADISON. SOUTH SIDE OF STREET.
Electric Other
Electric Expense 853
Flooring Varies, Vinyl, Wood
Fuel Expense 2026
Grossincome 63180
Insurance Expense 1200
Lease Type Modified Gross
MLS Area Forest Park
Net Operating Income 39317
Operatingexpense 23863
Possession Closing
Possible Use Commercial, Condominium, Retail, Special Use
Property Type Mixed Use
Property Type Commercial Sale
Roof Membrane, Rubber
Standard Status Active
Status Active
Stories 3
Street Name Madison
Tax Annual Amount 16836
Tax Year 2019
Tenant Pays Electricity, Varies by Tenant
Total Actual Rent 2500
Total Units 5
Township Proviso
Trash Expense 1384
Utilities Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Water to Site
Water Sewer Expense 2475
Year Built 1904
Zoning COMMR

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 5160
Exterior Brick
Foundation Details Stone
Frontage Type City Street
Lot Dimensions 24X150
Lot Size Square Feet 3600
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60130

Price
AVG $610K
$580K
Taxes
AVG $45,903
$16,836
Visits
AVG 90
178
Year Built
AVG 1949
1904
Walkscore
AVG 83
88
Data Provided by Walkscore ® not using MLS data

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