7441 Madison Street, Forest Park, IL 60130 - Photo 1

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$200,000 Just Listed

For Sale
Active
Business
3,000 Sq. Ft.
Updated 4 hours ago

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Property Description

Turnkey restaurant business opportunity in the heart of Forest Park! Chubby's Hot Chicken is an established, fully operational concept with approximately $350,000 in projected annual gross sales. Sale is for the business only-real estate is not included. The owner is offering an exceptional transition package that includes two months of paid rent, approximately three weeks of inventory, and one month of staff payroll, allowing the new owner to step in with reduced upfront operating expenses and immediate cash-flow potential. Existing equipment is owned and included in the sale. Current owner is selling only due to a new career opportunity requiring extensive travel. Confidential financial information available to qualified buyers.

Full Property Details

Full Property Details for 7441 Madison St

General

Price: $200,000
Taxes: $22,030 (2023)
Status: Active
Type: Business
Source: MRED
MLS ID: 12726714
Updated: Today (8/11/2026)
Added to Site: Today

Business

Business Type: Restaurant
Years in Business: 1 to 3 Yea

Location

Area: Forest Park
County: Cook
Driving Directions: Madison St, between Harlem Ave and Des Plaines Ave.

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Ceiling Units

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 1
Square Feet: 3,000
Current Bldg. Use: Commercial

Lot Features

Lot Size (Sq. Ft.): 3,000
Lot Dimensions: 50 x 60
Frontage: City Street
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $184,550
Tax Amount: $22,030.18
Tax Year: 2023

Disclosures and Reports

Property ID: 15124310400000

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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
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	1.1 mi

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

Price & Sales History for 7441 Madison St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/11/2026

Listed

$200,000

-16.67%

MLS

8/18/2016

Sold

$240,000

—

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 7441 Madison St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$22,030

—

$73,347

—

2023

$22,030

-11%

$73,345

2022

$24,838

$69,300

—

2021

$23,593

$69,300

—

2020

$22,990

-15%

$69,300

-9%

2019

$26,936

$76,500

—

2018

$26,381

$76,500

—

2017

$25,801

14%

$76,500

21%

2016

$22,564

176%

$62,963

171%

2015

$8,181

$23,191

—

2014

$8,026

-24%

$23,191

-29%

2013

$10,504

66%

$32,479

61%

2012

$6,343

—

$20,222

—

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 7441 Madison St

7441 Madison Street, Forest Park, IL 60130 (MLS# 12726714) is a Business property. 7441 Madison Street is currently listed for $200,000 and was received on August 11, 2026. Want to learn more about 7441 Madison Street? Do you have questions about finding other Business 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.

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7441 Madison St Forest Park, IL 60130