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$795,000 Just Listed
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Property Description
Premier Madison Street mixed-use building in the heart of Forest Park. Fabulous & vibrant Madison Street location offers high visibility & high foot traffic. First floor is currently a long-time local restaurant & bar with hardwood flooring, exposed brick walls, large bar & professional kitchen. Second floor currently has two apartments. There is a large private deck for the rear apartment. Outdoor front patio area is a crowd pleaser! There is a partial basement for storage. Convenient alley access for deliveries. $4000/mo lease is for the 1st floor space only.
Full Property Details
Full Property Details for 7353 Madison St
General
- Price: $795,000
- Taxes: $18,984 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12464372
- Updated: 1/13/2026
- Added to Site: 4 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Partially Sprinklered
Location
- Area: Forest Park
- County: Cook
- Township: Proviso
- Driving Directions: Harlem to Madison west to 7353 Madison.
- Location Details: Chicago West, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning, Exhaust Fan, Window Unit(s)
- Heating Type: Central Building Heat, Radiators
Utilities
- Trash: 125
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 4,275
- # of Stores: 1
- Year Built: 1906
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 27 x 127
- Zoning: COMMR
Financial Considerations
- Lease Price: $23
- Insurance Fee: $1,000
- Security Deposit: Fire Extinguisher/s, Partially Sprinklered
- Assessment Year: 1906
- Tax Amount: $18,984.7
- Tax Year: 2024
- Pays Electric: 700
- Pays Trash: 125
Disclosures and Reports
- Property ID: 15124330300000
Listed by P.M. Walsh & Co.
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Schools
Schools serving 7353 Madison St
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 |
Grant-White Elementary School 147 Circle Avenue, Forest Park, IL 60130 | 3-5 | 0.3 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 7353 Madison St
Date
Details
Price
Change
Source
1/12/2026
Listed
$795,000
—
MLS
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 7353 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,824
14%
$66,000
36%
2022
$17,389
5%
$48,517
—
2021
$16,517
3%
$48,517
—
2020
$16,096
8%
$48,517
15%
2019
$14,909
2%
$42,343
—
2018
$14,602
2%
$42,343
—
2017
$14,281
12%
$42,343
19%
2016
$12,747
2%
$35,569
—
2015
$12,547
2%
$35,569
—
2014
$12,310
—
$35,569
-7%
2013
$12,312
3%
$38,069
—
2012
$11,941
—
$38,069
—
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 7353 Madison St
7353 Madison Street, Forest Park, IL 60130 (MLS# 12464372) is a Commercial property. 7353 Madison Street is currently listed for $795,000 and was received on January 12, 2026. Want to learn more about 7353 Madison Street? 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.

