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Listing provided courtesy of Ariston Realty CorporationMREDas Distributed by MLSGrid- MLS# 12575906MLS Provider

7232 Madison StreetForest Park, IL 60130

Commercial
$629,000 Active

7232 Madison Street Overview

Time on Site:
125 days
Visits:
7

Rehabbed Storefront with high ceilings and hardwood floors. Prime high traffic location. Three bedroom apartment on 2nd floor. Two car garage and rear yard. Total building sq. ft. 3,504. Owner retiring building to be sold in as is condition. Owner currently occupies storefront and 2nd floor apartment.

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7232 Madison Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: N/A
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Forest Park
  • Township: Proviso

Tax Information

  • Tax Annual Amount: $12,625.00
  • Tax Year: 2023

General Information

  • Parcel Number: 15132060040000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25 X 125
  • Lot Size Square Feet: 2125

General Information

  • Number Of Units Total: 2

7232 Madison Street Neighborhood

Community

60130 (Forest Park) Demographics

40
Median Age
4,986
Population Density (per sq. mile)
61%
College Educated
$70,670
Estimated Median Income
3,299
Estimated Total Home Owners
3,396
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7232 Madison Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7232 Madison Street Market Data

Based on the last 30 days in this zip code

$354,719
Average List Price
$280
Average Price per Square Foot
15
Properties Sold
50
Average Days on Market
56
Properties for Sale
Calculations provided by Reliance Network

7232 Madison Street History

Date Event Value Agent
4/20/2026Source: MRED Status Change
Active
4/15/2026Source: MRED Price Reduction
$629,000 -3.2%
4/15/2026Source: MRED Status Change
Price Change
3/1/2026Source: MRED Status Change
Active
2/24/2026Source: MRED Added to Database
February 24, 2026