7610 Madison Street

River Forest, IL 60305

$885,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity for commercial investment in beautiful River Forest! Currently a two-story mixed-use building with multiple offices and apartment. Property is located in a "tax increment financing (TIF) district" with possible benefits for pre-existing buildings and new development. The Village of River Forest "will evaluate development proposals on a case-by-case basis using their planned development review process and independent Development Review Board (DRB) of volunteer residents." Please contact...Rare opportunity for commercial investment in beautiful River Forest! Currently a two-story mixed-use building with multiple offices and apartment. Property is located in a "tax increment financing (TIF) district" with possible benefits for pre-existing buildings and new development. The Village of River Forest "will evaluate development proposals on a case-by-case basis using their planned development review process and independent Development Review Board (DRB) of volunteer residents." Please contact the Village of River Forest for further information regarding what may or may not be built on this highly visible block. Building being sold in "As Is" condition. Agent-owned property.
  1. Listed by Laura Good • @properties Christie's International Real Estate

Property Details for 7610 Madison Street

Area
River Forest
Township
River Forest
Zoning
COMMR
LISTING UPDATED: 09/25/2024 03:26 PM

Property Details for 7610 Madison Street

StatusActive
MLS #12012221
Days on Market219
Taxes$12,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1925
Lot Size0.10 AC / 4,180 SF
CountyCook County

Building Information for 7610 Madison Street

Stories2Residences3Year Built1925Lot Size0.10 AC / 4,180 SF

Property Information for 7610 Madison Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Geographic Locale: Chicago West
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 1
  • # Of Refrigerators: 1
  • Misc Inside: Multi-Tenant,Private Restroom/s,Storage Inside,Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 33 X 125
  • Lot Size Square Feet: 4180.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 2448
  • # Of Offices: 3
  • # Of Ranges: 2
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Office and Research, Development, Other
  • Public Document Count: 0
  • Photos Count: 10
Miscellaneous
  • Location: Mixed Use Area,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $55,800.00
  • Gross Scheduled Income: $55,800.00
  • Insurance Expense: $1,730.00
  • Total Monthly Income: 4650
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 7610 Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7610 Madison Street

Taxable ValueLand$2,941Additions$34,287Total$37,228
Tax Record2022$12,022 ($1,002 / month)
Home Facts
Baths2.5Total Finished SqFt2,448 SqFtAbove Grade Finished SqFt2,448 SqFtStories1Lot Size3,180 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN15-12-322-041

Schools near 7610 Madison Street

This home is within River Forest School District 90.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 4

Roosevelt School
Public5 to 8

Oak Park & River Forest High School
Public9 to 12

Oak Park Christian Academy
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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7610 Madison Street is a mixed use property for sale in River Forest, IL 60305. This property was listed for sale on March 26, 2024 by @properties Christie's International Real Estate, it's currently listed at $885,000. This listing's school districts are River Forest School District 90, Oak Park - River Forest School District 200. Nearby schools include Lincoln Elementary School, Roosevelt School and Oak Park & River Forest High School. 7610 Madison Street is a 0-bed, 0-bath, mixed use property built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/25/2024 03:26 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.