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    7234 Madison Street

    Forest Park, IL 60130
    • $584,900
    • STATUS: Active
    • ON SITE: 147 days
    • MLS #: 10933952
    UPDATED: 39 min ago
    $584,900
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,160
      SQFT
    • $113
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1904
    County:
    Area:

    School Ratings & Info

    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)

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    7234 Madison Street Forest Park, IL 60130

    • Price: $584,900
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 10933952
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    5,160
    SQFT
    $113
    $/SQFT
    1904
    Built
    Neighborhood:
    Forest Park
    County:
    Cook
    Area:
    Forest Park
    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)
    Exterior Features

    Construction Materials Brick Docks Drive-In Doors Foundation Details Stone Frontage Type City Street Location Central Business DistrictMixed Use Area Miscellaneous Outside Enclosed PorchEnclosed StairsSecurity LightingStorms And Screens (As Exist) Outdoor Parking None On SiteCommon Parking Parking Total 4 Roof MembraneRubber Roof Structure FlatWood Joists

    Interior Features

    Cooling Central IndividualWindow Unit(S) Electric Other Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SSmoke Or Fire Protectors Fireplaces Total 0 Flooring VariesVinylWood Heat Ventilation Hot WaterRadiatorsOperable Windows/Systems Vary-Call List Agt Indoor Parking 1-5 Spaces Miscellaneous Inside Inside Corridor/SMulti-TenantOverhead Door/SStorage InsideBasement Number Of Apts 4 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 1 Number Of Offices 0 Number Of Ranges 4 Number Of Refrigs 4 Number Of Stores 1 Number Of Washers 0 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 5.62 Current Use Commercial Electric Expense 853 Existing Lease Type Modified Gross Expense Year 2017 Exterior Building Type Brick Fuel Expense 2026 Geographic Locale East/West Corridor Gross Income 63180 Gross Scheduled Income 63180 Insurance Expense 1200 Known Encumbrances None Known Lot Size Dimensions 24X150 Net Operating Income Year 2017 Number Of Tenants 5 Operating Expense 23863 Other Expense 0 Owners Assoc YN Yes Possible Use CommercialCondominiumRetailSpecial Use Tax Annual Amount 16836 Tax Year 2019 Tenant Pays ElectricityVaries By Tenant Total Actual Rent 2500 Total Monthly Income 5265 Trash Expense 1384 Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Washer Dryer Leased YN No Water Drainage Floor Drains Water Sewer Expense 2475 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mid-America Realty & Investment.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T23:51:57.73 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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