7232 Madison St

Forest Park, IL 60130

$685,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of school
a view of a room with gym equipment
a view of a room with gym equipment
a view of a house with a tree
a living room with furniture or couch and a window
a living room with furniture gym equipment and a rug
a kitchen with a sink cabinets and wooden floor
a building view with a outdoor space
a view of a fireplace with wooden fence

Description

Rehabbed Storefront with high ceilings and hardwood floors. Prime high traffic location. Three bedroom apartment on 2nd floor. Two car garage and rear yard. Owner retiring building to be sold in "as is" condition. Owner currently occupies storefront and 2nd floor apartment.Rehabbed Storefront with high ceilings and hardwood floors. Prime high traffic location. Three bedroom apartment on 2nd floor. Two car garage and rear yard. Owner retiring building to be sold in "as is" condition. Owner currently occupies storefront and 2nd floor apartment.

Property Details for 7232 Madison Street

Area
Forest Park
Township
Proviso
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 11/11/2025 02:01 AM

Property Details for 7232 Madison Street

StatusActive
MLS #12510550
Days on Market83
Taxes$12,625 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1920
Lot Size0.05 AC / 2,125 SF
CountyCook County

Location

Listing Courtesy of Ariston Realty Corporation
Add your commute

Building Information for 7232 Madison Street

Stories2Residences2Year Built1920Lot Size0.05 AC / 2,125 SF

Payment Calculator

$4,437 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,385

Property Taxes

$1,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7232 Madison Street

General Information
Location and General Information
  • Geographic Locale: East/West Corridor
  • Information: 24-Hr Notice Required,Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Central Bldg Heat
  • # Of Refrigerators: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 2125.0
  • Stories: 2
  • Fire Protection: Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 7232 Madison Street

DateEvent & SourcePriceAppreciation
Nov 4, 2025

Listed (Active)

MRED #12510550

$685,000—
DateEvent & SourcePrice
11/04/2025

Listed (Active)

MRED #12510550

$685,000

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

Public Records for 7232 Madison Street

Taxable ValueLand$2,340Additions$33,291Total$35,631
Tax Record2018$10,155 ($846 / month)
Home Facts
Baths1.5Total Finished SqFt3,504 SqFtAbove Grade Finished SqFt3,504 SqFtStories2Lot Size3,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1914CountyCOOKAPN15132060040000

Schools near 7232 Madison Street

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Garfield Elementary School
Public - PK to 2
Field Stevenson Elementary School
Public - 3 to 5
Forest Park Middle School
Public - 6 to 8
Proviso East High School
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 to 8

Proviso East High School
Public9 to 12

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.

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More information about 7232 Madison Street, Forest Park, IL 60130

7232 Madison Street is a mixed use property for sale in Forest Park, IL 60130. This property was listed for sale on November 4, 2025 by Ariston Realty Corporation, it's currently listed at $685,000. This listing's school districts are Proviso Twp Hsd 209 School District, Forest Park School District 91. Nearby schools include Garfield Elementary School, Field Stevenson Elementary School and Forest Park Middle School. 7232 Madison Street is a 0-bed, 0-bath, mixed use property built in 1920.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Ariston Realty Corporation

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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/11/2025 02:01 AM. 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.