7240 Madison Street
7240 Madison Street
$625,000
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Description
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...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.
- Listed by Carolyn Michals • Michals Realty, Inc
Property Details for 7240 Madison Street
Area
Forest Park
Location
LISTING UPDATED: 12/30/2023 08:34 AM
Property Details for 7240 Madison Street
Status | Active |
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MLS # | 11947629 |
Days on Market | 246 |
Taxes | $15,834 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1914 |
Lot Size | 0.09 AC / 3,750 SF |
County | Cook County |
Location
Building Information for 7240 Madison Street
Stories-Residences3Year Built1914Lot Size0.09 AC / 3,750 SF
Payment Calculator
$4,730 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7240 Madison Street
Property History for 7240 Madison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7240 Madison Street
Taxable ValueLand$2,437Additions$44,073Total$46,510
Tax Record2022$16,670 ($1,389 / month)
Home Facts
Baths2.5Total Finished SqFt6,850 SqFtAbove Grade Finished SqFt6,850 SqFtStories2Lot Size3,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN15-13-206-032
Schools near 7240 Madison Street
This home is within Proviso Twp Hsd 209 School District.
Rating | School | Type | Grades | Distance |
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Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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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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