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$450,000
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Property Description
PRICE ADJUSTED - PRICED TO SELL! Forest Park's Hottest Corridor-Prime Commercial Space Available. Make it yours!! High-visibility Storefront in the Heart of Forest Park. Where foot traffic meets opportunity. Located in the heart of Forest Park's vibrant Madison Street corridor, this versatile mixed-use commercial property offers approx. 3,000 sq. ft. of highly visible space. Expansive storefront windows flood the interior with natural light while showcasing unbeatable street exposure-perfect for attracting both foot and drive-by traffic. The property features a fully built-out layout, a welcoming front dining or retail area, a central section with a full bathroom-ideal for office space-and a rear area perfectly suited for storage, a small workshop, or additional service/retail use. A designated private parking space, convenient rear delivery access, and flexible zoning that accommodates restaurants, retail, or mixed commercial use. Set in a lively corridor of shops, dining, and new developments, this location offers strong demographics, reliable pedestrian flow, and easy transit connections. A rare opportunity to secure a premier location in one of the area's most sought-after commercial districts-ideal for entrepreneurs, investors, or business owners looking to establish a lasting presence. Schedule your showing today!!
Full Property Details
Full Property Details for 7441 Madison St
General
- Price: $450,000
- Taxes: $22,030 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12453771
- Updated: 2/9/2026
- Added to Site: 177 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: Forest Park
- County: Cook
- Driving Directions: Madison St, between Harlem Ave and Des Plaines Ave.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units
Utilities
- Trash: 50
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Brick/Mortar
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1931
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,000
- Lot Dimensions: 50 x 60
- Frontage: City Street
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $225
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1931
- Tax Amount: $22,030.18
- Tax Year: 2023
- Pays Electric: 150
- Pays Trash: 50
Disclosures and Reports
- Property ID: 15124310400000
Listed by Beaulieu Real Estate
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Schools
Schools serving 7441 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 | 0.3 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 | 1.1 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 7441 Madison St
Date
Details
Price
Change
Source
11/29/2025
Price Reduced
$450,000
-18.17%
MLS
9/22/2025
Price Reduced
$549,900
-7.58%
MLS
8/28/2025
Price Reduced
$595,000
-3.25%
MLS
8/23/2025
Listed
$615,000
156.25%
MLS
8/18/2016
Sold
$240,000
—
Public Record
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 7441 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,030
-11%
$73,345
6%
2022
$24,838
5%
$69,300
—
2021
$23,593
3%
$69,300
—
2020
$22,990
-15%
$69,300
-9%
2019
$26,936
2%
$76,500
—
2018
$26,381
2%
$76,500
—
2017
$25,801
14%
$76,500
21%
2016
$22,564
176%
$62,963
171%
2015
$8,181
2%
$23,191
—
2014
$8,026
-24%
$23,191
-29%
2013
$10,504
66%
$32,479
61%
2012
$6,343
—
$20,222
—
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 7441 Madison St
7441 Madison Street, Forest Park, IL 60130 (MLS# 12453771) is a Commercial property. 7441 Madison Street is currently listed for $450,000 and was received on August 23, 2025. Want to learn more about 7441 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.

