7242 Roosevelt Road Forest Park, IL ^$ 385,000

7242 Roosevelt Road

^$ 385,000

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7242 Roosevelt Road

Forest Park, IL, 60130

^$ 385,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 2,402

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Commercial Property for sale in Forest Park, IL

for $385,000. This building was built in 1959 on a lot size of 0.059504.

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!

Commercial Contingent

Price

^$ 385,000

Property Type

Commercial

Taxes

^$ 10,212

Style

Lot Size

0.059504

Year Built

1959

Town/City

Forest Park

County/Region

Cook

MLS | Web ID

12399970

Features

General

Cooling None

Possession Closing

Zoning COMMR

Year Built 1959

Electric Service - 201 to 600 Amps

Tenant Pays Electricity

Stories Count 2

Property Subtype Mixed Use

Tax Year 2023

Gross Income 47340

County Cook

Insurance Expense 3000

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Status Contingent

Directions West of Harlem on Roosevelt Rd.

City Forest Park

Number Of Units Total 3

MLS Area Forest Park

Lot Size Square Feet 2592

Tax Annual Amount 10212.3

Electric Expense 1565

Fuel Expense 825

Trash Expense 1670

Water Sewer Expense 2400

Additional Parcels Y/N N

Standard Status Active Under Contract

Exterior

Lot Dimensions 25 X 125

* Excluded Features

List By

Cpg Management

Broker

sperez@cpgpm.com

Affordability Calculator

$3,253

Per Month

Monthly Principal & Interest: $2,402
Monthly Property Taxes: $851
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Forest Park, IL

Average List Price ^$1,081,800

Percent of Sale Price 181%

About Forest Park, IL

14,146 Population

-9% Since 2002

^$52,758 Median Income

41.46 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/21/2025	$385,000		Listed Price

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7242 Roosevelt Road, Forest Park, IL, 60130 is a Commercial Property for sale at $385,000 with a lot size of 0.059504. 7242 Roosevelt Road was built in 1959. The property's zip code is 60130 which is in Forest Park, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/9/2025.

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7242 Roosevelt Road

Commercial Property for sale in Forest Park, IL

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