7349 Madison Street #G, Forest Park, IL 60130 - Photo 1

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1/23

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$550,000 Contingent

For Sale
Contingent
Commercial
12,500 Sq. Ft.

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Save This Listing

1/23

Property Description

Wow!! Attention All What A Great Price Reduction For This Centeralized Located Property. Which Is A Great Investment Opportunity On Madison Street in This Down Town Business District. 4580Sqft Of Store Front That Is Currently Being Used As A Retail Store, Which Includes The Finished Basement Area.Seperately Zoned Heating and Cooling. Ground Level Has Hardwood Floors,Bathroom and A Kitchen With High Ceilings and Lots Of Storage. Lower Level Also Has A Bathroom and Utility Room and Additional Storage. This Property Is in An Amazing Location With Great Curb Appeal. Make It Your's ,Many Possibilities Await.There Is Ample Street and Village Parking. Surrounded By A Variety Of Dining,Shopping and Lots Of Entertainment Experiences For Your Enjoyment. Easy Access To Expressway,Public Transportation and The Train.The Present Owner Said It Is Time To Move On To Other Ventures So Sell. So Come See The Space Make An Offer and You Could Be The Owner Of This Amazing Location and Space.

Full Property Details

Full Property Details for 7349 Madison St #G

General

Price: $550,000
Taxes: $7,277 (2024)
Status: Contingent
Type: Commercial
Source: MRED
MLS ID: 12315451
Updated: 12/31/2025
Added to Site: 308 day(s) ago

Interior

Interior Features: Passenger Elevator(s), Accessible Entrance, Accessible Washroom/s, Private Restroom(s), Storage Inside, Basement
Flooring: Concrete, Wood

Additional Information

Security/Safety: Alarm Monitored, Fire Extinguisher(s), Smoke or Fire Protectors

Location

Area: Forest Park
County: Cook
Township: Proviso
Driving Directions: 3 blocks west of Harlem on Madison Street
Location Details: Central Business District, Mixed-Use Area, High Traffic Area

Heating & Cooling

Cooling Type: Central Air Conditioning, Zoned
Heating Type: Central Heat/Individual Controls, Forced Air, Gas

Utilities

Water: Municipal Water
Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Roof: Rubber
Drive-In Doors: 1
Sub-Flooring: Concrete, Wood
Stories/Levels: 3
Square Feet: 12,500
Current Bldg. Use: Commercial, Condominium, Other, Medical/Dental
Year Built: 1915

Lot Features

Lot Size (Sq. Ft.): 3,125
Lot Dimensions: 25 x 125
Frontage: City Street, Alley Access
Drainage: Drain Tiles, Floor Drains
Zoning: RTAIL

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Insurance Fee: $1,156
Operating Expenses: $17,495
Other Fee: $5,760
Security Deposit: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors
Assessment Year: 1915
Tax Amount: $7,277.08
Tax Year: 2024
Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs
Pays Electric: 1699

Disclosures and Reports

Documents Avail.: Declarations/Bylaws, Legal-Description, Existing Survey, Tax Bill
Property ID: 15124330501007

Buyer's Brokerage Compensation: Contact Listing Agent

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— 7349 Madison St #G —

Linda McCroy

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(773) 467-5396 direct

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Schools

Schools serving 7349 Madison St #G

School Districts:Forest Park School District 91, Proviso Township High School District 209

Name	Grades	Distance
Garfield Elementary School, Forest Park, IL 543 Hannah Avenue, Forest Park, IL 60130	PK-2	0.2 mi
Field Stevenson Elementary School 925 Beloit Avenue, Forest Park, IL 60130	3-5	0.7 mi
Forest Park Middle School, Forest Park, IL 925 Beloit Avenue, Forest Park, IL 60130	6-8	0.7 mi
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7349 Madison St #G Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/21/2025

Price Reduced

$550,000

-9.09%

MLS

3/18/2025

Listed

$605,000

261.19%

MLS

8/23/2024

Sold

$167,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 7349 Madison St #G

Year

Property Taxes

Change

Tax Assessment

Change

2023

$4,378

-23%

$14,574

-8%

2022

$5,682

$15,853

—

2021

$5,397

$15,853

—

2020

$5,259

$15,853

15%

2019

$4,868

$13,824

—

2018

$4,767

$13,824

—

2017

$4,662

19%

$13,824

26%

2016

$3,928

$10,962

—

2015

$3,867

$10,962

—

2014

$3,794

-14%

$10,962

-20%

2013

$4,412

$13,641

—

2012

$4,279

—

$13,641

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 7349 Madison St #G

7349 Madison Street #G, Forest Park, IL 60130 (MLS# 12315451) is a Commercial property. 7349 Madison Street #G is currently listed for $550,000 and was received on March 18, 2025. This property is listed by Linda McCroy from our McMullen/O'Hare Office.Want to learn more about 7349 Madison Street #G? Do you have questions about finding other Commercial real estate for sale in Forest Park? You can browse all Forest Park real estate or contact a Coldwell Banker agent to request more information.

Tour this property

7349 Madison St #G Forest Park, IL 60130