7242 Roosevelt Rd

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Looking for Passive Cash Flow? Renovated mixed use investment property featuring three, 1BR/1BA spacious apartments with great size rooms on the 2nd Floor. The first floor retail space is a laundromat (with an office space in the rear) in its 5th year of a 5yr lease. Tenants easily can walk to Jewel, Walmart, and Forest Park Shopping plaza for supplies and decor. Enjoy a bike ride or exercise at the lovely Maple Park only a few blocks away. Located near Forest Park Blue Line, I-290, and several Bus...Looking for Passive Cash Flow? Renovated mixed use investment property featuring three, 1BR/1BA spacious apartments with great size rooms on the 2nd Floor. The first floor retail space is a laundromat (with an office space in the rear) in its 5th year of a 5yr lease. Tenants easily can walk to Jewel, Walmart, and Forest Park Shopping plaza for supplies and decor. Enjoy a bike ride or exercise at the lovely Maple Park only a few blocks away. Located near Forest Park Blue Line, I-290, and several Bus Routes. Emergency Lighting and Exit Signs in Laundromat. Electric Power at 400 amps along with Plumbing upgrades! Fully Occupied and Well Kept Building! Great Investment opportunity! Schedule a showing and see for yourself!
  1. Listed by Samuel Perez • CPG Management
    P: (773)-219-3017 C: (773)-219-3017 sperez@cpgpm.com

Property Details for 7242 Roosevelt Road

Area
Forest Park
Air Conditioning Type
None
Zoning
COMMR
LISTING UPDATED: 09/12/2025 01:51 PM

Property Details for 7242 Roosevelt Road

StatusContingent
MLS #12399970
Days on Market181
Taxes$10,212 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.06 AC / 2,592 SF
CountyCook County

Location

Listing Courtesy of CPG Management
Add your commute

Building Information for 7242 Roosevelt Road

Stories2Residences3Year Built1959Lot Size0.06 AC / 2,592 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,727 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,876

Property Taxes

$851

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7242 Roosevelt Road

General Information
Location and General Information
  • Geographic Locale: Northwest Suburban,Chicago West,Far West
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 X 125
  • Lot Size Square Feet: 2592.0
  • Stories: 2
  • Fire Protection: None
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 3
  • Document Date: 2025-08-17T18:49:17
  • Photos Count: 36
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: $1,565.00
  • Fuel Expense: $825.00
  • Gross Income: $47,340.00
  • Gross Scheduled Income: $35,705.00
  • Insurance Expense: $3,000.00
  • Total Monthly Income: 3945
  • Other Expense: $.00
  • Trash Expense: $1,670.00
  • Water Sewer Expense: $2,400.00

Property History for 7242 Roosevelt Road

DateEvent & SourcePriceAppreciation
Sep 12, 2025

Contingent

MRED #12399970

Jun 21, 2025

Listed (Active)

MRED #12399970

$385,000
May 31, 2025

Expired

MRED #12275456

$399,900
May 27, 2025

Cancelled

MRED #11821667

$399,900
Feb 5, 2025

Listed (Active)

MRED #12275456

$399,900
Jun 3, 2024

Listed (Active)

MRED #11821667

$399,900
May 31, 2024

Expired

MRED #11821667

$399,900
Jul 1, 2023

Listed (Active)

MRED #11821667

$399,900
May 21, 2021

Sold (Public Record)

Public Record #1464737454

$320,000

+23.5% / yr

May 21, 2021

Sold

MRED #11050722

$320,000
May 5, 2021

Pending

MRED #11050722

Apr 12, 2021

Listed (Active)

MRED #11050722

$349,690
Feb 13, 2020

Sold (Public Record)

Public Record #662948762

$245,000
Feb 13, 2020

Sold

MRED #10605849

$244,690
Jan 13, 2020

Pending

MRED #10605849

Jan 9, 2020

Listed (Active)

MRED #10605849

$290,000
Jan 7, 2020

Cancelled

MRED #10407790

$295,000
Jun 7, 2019

Listed (Active)

MRED #10407790

$295,000
Jun 6, 2019

Cancelled

MRED #10157382

$299,000
Dec 17, 2018

Listed (Active)

MRED #10157382

$320,000
Jul 30, 2018

Cancelled

MRED #09643297

$295,000
May 11, 2018

Listed (Active)

MRED #09643297

$350,000
Dec 31, 2013

Expired

MRED #08410504

$275,900
Aug 1, 2013

Listed (Active)

MRED #08410504

$275,900
DateEvent & SourcePrice
09/12/2025

Contingent

MRED #12399970

06/21/2025

Listed (Active)

MRED #12399970

$385,000
05/31/2025

Expired

MRED #12275456

$399,900
05/27/2025

Cancelled

MRED #11821667

$399,900
02/05/2025

Listed (Active)

MRED #12275456

$399,900
06/03/2024

Listed (Active)

MRED #11821667

$399,900
05/31/2024

Expired

MRED #11821667

$399,900
07/01/2023

Listed (Active)

MRED #11821667

$399,900
05/21/2021

Sold (Public Record)

Public Record #1464737454

$320,000

+23.5% / yr

05/21/2021

Sold

MRED #11050722

$320,000
05/05/2021

Pending

MRED #11050722

04/12/2021

Listed (Active)

MRED #11050722

$349,690
02/13/2020

Sold (Public Record)

Public Record #662948762

$245,000
02/13/2020

Sold

MRED #10605849

$244,690
01/13/2020

Pending

MRED #10605849

01/09/2020

Listed (Active)

MRED #10605849

$290,000
01/07/2020

Cancelled

MRED #10407790

$295,000
06/07/2019

Listed (Active)

MRED #10407790

$295,000
06/06/2019

Cancelled

MRED #10157382

$299,000
12/17/2018

Listed (Active)

MRED #10157382

$320,000
07/30/2018

Cancelled

MRED #09643297

$295,000
05/11/2018

Listed (Active)

MRED #09643297

$350,000
12/31/2013

Expired

MRED #08410504

$275,900
08/01/2013

Listed (Active)

MRED #08410504

$275,900

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

Public Records for 7242 Roosevelt Road

Taxable ValueLand$1,854Additions$32,146Total$34,000
Tax Record2023$10,212 ($851 / month)
Home Facts
Baths2.5Total Finished SqFt2,912 SqFtAbove Grade Finished SqFt2,912 SqFtStories2Lot Size2,472 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyCOOKAPN15-24-203-003

Schools near 7242 Roosevelt Road

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Betsy Ross Elementary School
PublicK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 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.

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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 CPG Management

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 09/12/2025 01:51 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.