7405 Madison Street Forest Park, IL $ 675,000
7405 Madison Street
$ 675,000
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7405 Madison Street

Forest Park, IL, 60130
$ 675,000
Bedrooms-- Baths-- Sq 2,862

Monthly Estimate*

$ 4,211

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Commercial Property for sale in Forest Park, IL

for $675,000. This 2,862 square foot building was built in 1916 on a lot size of 0.07174.

Prime Madison Street Mixed-Use Building in the Heart of Forest Park Incredible investment opportunity in a high-visibility, high-foot-traffic location on vibrant Madison Street. This well-maintained mixed-use building features a first-floor retail space with soaring floor-to-ceiling windows, exposed brick walls, and a striking ultra-modern glass entry door-currently home to a successful flower and home goods shop with ample office and storage space. Above, a spacious and recently updated 3-bedroom, 1.1-bath apartment offers excellent rental income or live-work potential. Highlights include a private balcony and outdoor space, tons of storage, updated kitchen and baths, and generous natural light throughout. Additional perks include 4 private parking spaces, basement storage, and alley access. This property is perfectly situated among popular restaurants, coffee shops, boutiques, and specialty retail, making it an ideal location for both commercial success and residential appeal. A rare Forest Park find for entrepreneurs, investors, or anyone looking to be in the heart of it all.

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Commercial Contingent

Price

$ 675,000

Property Type

Commercial

Taxes

$ 19,524

Style

Commercial

Lot Size

0.07174

Year Built

1916

Town/City

Forest Park

County/Region

Cook

MLS | Web ID

12428413

Features
General
Cooling Central Air Window Unit(s)
Zoning COMMR
Construction Materials Brick
Year Built 1916
Electric Service - 101 to 200 Amps
Stories Count 2
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 28800
County Cook
Insurance Expense 6000
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Status Contingent
Directions north on Harlem west on Madison to property address
City Forest Park
Number Of Units Total 1
MLS Area Forest Park
Lot Size Square Feet 3125
Tax Annual Amount 19524
Electric Expense 2750
Fuel Expense 600
Trash Expense 1770
Water Sewer Expense 800
Additional Parcels Y/N N
Standard Status Active Under Contract
Total Actual Rent 2400
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Exterior
Building Area Total 2862
Lot Dimensions 25 X 125
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

vkrauseschutte@atproperties.com

Email

Affordability Calculator

$5,838
Per Month
72%
28%
0%
Monthly Principal & Interest
$4,211
Monthly Property Taxes
$1,627
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$675,000 -15.52% Price Down
9/16/2025$799,000 -9.10% Price Down
7/24/2025$879,000 Listed Price

Map


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7405 Madison Street, Forest Park, IL, 60130 is a Commercial Property for sale at $675,000 with 2,862 sqft and a lot size of 0.07174. 7405 Madison Street was built in 1916. The property's zip code is 60130 which is in Forest Park, IL