Forest Park, IL 60130 7605 Madison Street

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Presented By: Laura Maychruk Real Estate
  • MLS# 12144967
  • 08/23/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 7,310

Home Details

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.
Presented By: Laura Maychruk Real Estate

Interior Features for 7605 Madison Street

Other Interior Features

FlooringCarpet, Tile, Wood, Other
Total Fireplaces

General for 7605 Madison Street

Additional Parcels Y/NYes
CityForest Park
Construction MaterialsBrick
CoolingCentral Air, Office Only, Window Unit(s)
CountyCook
Current UseCommercial
Days on Market8
DirectionsBetween Lathrop Ave. and Des Plaines Ave. on Madison
ElectricCircuit Breakers, Service - 201 to 600 Amps
Electric Expense
Fuel Expense
Gross Income75270
Insurance Expense2208
Lot Size Square Feet7625
MLS AreaForest Park
Net Operating Income40844
NumberOfUnitsTotal6
Operating Expense34426
PossessionNegotiable
Possible UseCommercial, Retail
Property SubTypeApts/Stores
Property TypeCommercial Sale
Property TypeMixed Use
RoofReflective Coating, Rubber
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount19567
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Varies by Tenant
Total Actual Rent5250
TownshipProviso
Trash Expense477
Water Sewer Expense3640
Year Built1888
ZoningCOMMR

Exterior for 7605 Madison Street

Building Area Total7310
ExteriorVinyl Siding, Brick
Foundation DetailsBrick/Mortar, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X118X58X49X19X165

Additional Details

Price History

Worth Clark

Price $899,000
MLS#12144967
List Date 08/23/2024
Property Type Commercial
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