7405 Madison Street, Forest Park, IL 60130 - Photo 1

1/1

$600,000

Sold
Closed
Commercial
2,862 Sq. Ft.

1/1

Property Description

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.

Full Property Details

Full Property Details for 7405 Madison St

General

Sold For: $600,000
Taxes: $19,524 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12428413
Added to Site: 175 day(s) ago

Additional Information

Security/Safety: Sprinklers, Carbon Monoxide Detector(s)

Location

Area: Forest Park
County: Cook
Driving Directions: north on Harlem, west on Madison to property address
Location Details: East/West Corridor

Heating & Cooling

Cooling Type: Central Air Conditioning, Window Unit(s)
Heating Type: Forced Air

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 2
Square Feet: 2,862
Current Bldg. Use: Commercial
# of Stores: 2
Year Built: 1916
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 1
Units w/Range/Oven: 1
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 3,125
Lot Dimensions: 25 x 125
Zoning: COMMR

Financial Considerations

Lease Price: $16
Security Deposit: Sprinklers, Carbon Monoxide Detector(s)
Assessment Year: 1916
Tax Amount: $19,524
Tax Year: 2023
Tenant Pays: All Utilities

Disclosures and Reports

Property ID: 15124330270000

Listed by @properties Christie's International Real Estate
Sold by Non Member

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Schools

Schools serving 7405 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
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 7405 Madison St

Date

Details

Price

Change

Source

12/29/2025

Sold

$600,000

-11.11%

MLS

10/21/2025

Price Reduced

$675,000

-15.52%

MLS

9/15/2025

Price Reduced

$799,000

-9.1%

MLS

7/23/2025

Listed

$879,000

—

MLS

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

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Single Family
Active
Updated 1 day ago

4
Beds
3
Total Baths
2,746
Sq. Ft.

Listed by Illinois Property Group (312) 266-7000

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Just Listed

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Single Family
Active
Updated 2 days ago

4
Beds
5
Total Baths
3,424
Sq. Ft.

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Just Listed

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Open House

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Single Family
Active
Updated 3 days ago

3
Beds
4
Total Baths
2,354
Sq. Ft.

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Just Listed

$520,000

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Single Family
Active
Updated 2 days ago

4
Beds
4
Total Baths
2,692
Sq. Ft.

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Price Reduced

-$9,000 (-3.35%)

$260,000

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Condo
Active
Updated 3 days ago

2
Beds
2
Total Baths

Listed by April Kibler (773) 972-2344

1615 S 20th Ave, Maywood, IL 60153 - Photo 1

Price Reduced

-$7,000 (-2.55%)

$268,000

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Single Family
Active
Updated 22 hours ago

2
Beds
2
Total Baths
1,260
Sq. Ft.

Listed by Ericka Taylor (708) 822-7426

1611 St Charles Rd, Maywood, IL 60153 - Photo 1

Price Reduced

-$15,000 (-4.12%)

$349,000

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Multi-Family
Active
Updated 2 days ago

5
Total Beds

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Price Reduced

-$5,000 (-1.03%)

$480,000

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Condo
Active
Updated 19 hours ago

1
Bed
2
Total Baths
1,247
Sq. Ft.

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Sold

$640,000

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Townhouse
Closed

4
Beds
4
Total Baths
1,700
Sq. Ft.

7453 Washington St, Forest Park, IL 60130 - Photo 1

Sold

$599,000

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Townhouse
Closed

3
Beds
4
Total Baths
2,284
Sq. Ft.

631 Hannah Ave, Forest Park, IL 60130 - Photo 1

Sold

$575,000

631 Hannah Ave Forest Park, IL 60130

Single Family
Closed

3
Beds
3
Total Baths
2,974
Sq. Ft.

111 Des Plaines Ave, Forest Park, IL 60130 - Photo 1

Sold

$575,000

111 Des Plaines Ave Forest Park, IL 60130

Multi-Family
Closed

8
Total Beds

7405 Madison Street, Forest Park, IL 60130 (MLS# 12428413) is a Commercial property that was sold at $600,000 on December 29, 2025. Want to learn more about 7405 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.

7405 Madison St Forest Park, IL 60130