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$550,000

  • Sold
  • Closed
  • Commercial
  • 7,425 Sq. Ft.
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OWNER OF ARCHERY STORE IS RETIRING...Investment opportunity on vibrant Madison Street in the business district. Conscientious owner diligently maintained building and property. Street level storefront extends the entire lot. Second floor includes a huge sundrenched 2-bedroom apartment (1,700 sqft) and is easy to rent. An additional 1,725sqft on 2nd floor is currently part of commercial use. Attached deep 2 car heated garage and loads of storage. New boiler was installed on the 1st floor & furnace on the 2nd floor (2022). High visibility and lots of foot traffic. Currently, property is operating as a longtime archery store & range. Please contact listing agent for details and do not disturb clientele.

Full Property Details for 7240 Madison St

General

  • Sold For: $550,000
  • Taxes: $15,834 (2021)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12040874
  • Added to Site: 201 day(s) ago

Interior

  • Interior Features: Overhead Door(s), Storage Inside, Furnished Units Available

Additional Information

  • Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Carbon Monoxide Detector(s)

Parking

  • Parking Features: Common Parking

Location

  • Area: Forest Park
  • County: Cook
  • Driving Directions: Madison Street, 1 block west of Harlem Avenue.
  • Location Details: Chicago West, Central Business District, Mixed-Use Area, Public Transport Avail, High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Window Unit(s)
  • Heating Type: Electric, Forced Air, Gas, Hot Water, Radiators, Steam, Wall Unit, Operable Windows/Systems Vary-Call List Agt

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 1
  • Square Feet: 7,425
  • Current Bldg. Use: Commercial
  • # of Stores: 1
  • Year Built: 1914
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 3,750
  • Lot Dimensions: 3750
  • Frontage: City Street
  • Potential Use: Commercial, Condominium, Office and Research, Retail

Financial Considerations

  • Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
  • Assessment Year: 1914
  • Tax Amount: $15,834.2
  • Tax Year: 2021
  • Tenant Pays: Electricity

Disclosures and Reports

  • Property ID: 15132060320000

Listed and Sold by Michals Realty, Inc

Listing agent

— 7240 Madison St —

  • Michals Realty, Inc

Get Pre-Approved Today

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7240 Madison St

School Districts:Forest Park School District 91, Proviso Township Hsd 209
RatingNameGradesDistance
NR
Garfield Primary Elementary School
543 Hannah Ave, Forest Park, IL 60130
PK-20.3 mi
4
Field Stevenson Intermediate School
925 Beloit Ave, Forest Park, IL 60130
3-50.7 mi
4
Forest Park Middle School, Forest Park, IL
925 Beloit Ave, Forest Park, IL 60130
6-80.7 mi
2
Proviso East High School
807 S 1st Ave, Maywood, IL 60153
9-121.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7240 Madison St

Date
Details
Price
Change
Source
8/29/2024
Sold
$550,000
-12%
MLS
4/27/2024
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Michals Realty, Inc

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7240 Madison Street, Forest Park, IL 60130 (MLS# 12040874) is a Commercial property that was sold at $550,000 on August 29, 2024. Want to learn more about 7240 Madison Street? Do you have questions about finding other Commercial real estate for sale in Forest Park? You can browse all Forest Park real estate or contact a Coldwell Banker agent to request more information.

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