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    7234 Madison Street

    Forest Park, IL 60130
    • $689,000
    • STATUS: Active
    • ON SITE: 478 days
    • MLS #: 10407669
    UPDATED: 22 min ago
    $689,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,160
      SQFT
    • $134
      $/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 1400 SQUARE FEET AND IS OCCUPIED BY A NEW 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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    © 2020 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-28T06:53:35.053 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: $689,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 10407669
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,160
    SQFT
    $134
    $/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 1400 SQUARE FEET AND IS OCCUPIED BY A NEW 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 Brick Docks Drive-In Doors Foundation Stone Frontage Access City Street Location Central Business DistrictMixed Use Area Lot Dimensions 24X150 Lot Sq Ft 3600 Number Of Parking Spaces 4 Roof Coverings MembraneRubber Roof Structure FlatWood Joists

    Interior Features

    Air Conditioning Central IndividualWindow Unit/S Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SSmoke Or Fire Protectors Floor Finish Wood 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 Fireplaces 0 Number Of Offices 0 Number Of Ranges 4 Number Of Refrigs 4 Number Of Stores 1 Number Of Stories 3 Number Of Washers 0 Outdoor Parking None On SiteCommon Parking

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electric Expense Source Actual Electrical Service Other/Unknown Electricity Expense 853 Expense Year 2017 Exterior Building Type Brick Fuel Expense 2026 Fuel Expense Source Actual Geographic Locale East/West Corridor Green Supporting Documents No Gross Rental Income Amount 63180 Heat Ventilation Hot WaterRadiatorsOperable Windows/Systems Vary-Call List Agt Insurance Expense 1200 Insurance Expense Source Actual Known Encumbrances None Known Lease Type Modified Gross Miscellaneous Outside Enclosed PorchEnclosed StairsSecurity LightingStorms And Screens (As Exist) Net Oper Income Amount 39317 Net Operating Income Year 2017 Number Of Tenants 5 Number Of Window Ac 0 Other Expense Source Actual Other Expenses 0 Owners Assoc YN Yes Possession Closing Potential Use RetailSpecial Use Rental Price 18.85 Sale Terms Conventional Tax Year 2017 Taxes 16127 Tenant Pays ElectricVaries By Tenant Total Annual Exp 23863 Total Annual Expense Source Actual Total Annual Income 63180 Total Monthly Income 5265 Township Proviso Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteSewer-Storm AvailableWater-MunicipalWater To Site Washer Dryer Lsd YN No Water Drainage Floor Drains Water Expense 2475 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mid-America Realty & Investment.


    © 2020 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-28T06:53:35.053 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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    Yorkville IL, 60560