7240 MADISON ST
FOREST PARK, IL 60130

$625,000

N/A Beds

0 Baths

7,425 Sq Ft

Status Active

MLS# 12040874

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.

Details for 7240 MADISON ST

Built in 1914

$84 / Sq Ft

Central Air,Window Unit(s)

26 Days on website

0.09 acres lot

Interior

Living Area

7,425 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Condominium

Property Type

Residential

Year Built

1914

Exterior And Lot

Lot Size Acres

0.09

Lot Size Square Feet

3750

Utilities

Cooling

Central Air, Window Unit(s)

Area And Schools

City

Forest Park

County Or Parish

Cook

Financial Info

Buyer Agency Compensation^*

As A Percentage Of The Net Sale Price. The Net Sale Price Is The Gross Sale Price Minus Amounts To Be Credited Or Paid To The Buyer, As Reflected In The Initial Sales Contract.

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$15,834.20

Tax Year

2021