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7610 Madison Street, River Forest, IL 60305
$885,000
7610 Madison Street, River Forest, IL 60305View this property at 7610 Madison Street, River Forest, IL 60305
7610 Madison StreetRiver ForestIL60305
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Property Description
ATTENTION DEVELOPERS: Huge and rare opportunity to develop in beautiful River Forest! This property falls within River Forest's Madison Street Corridor mixed-use planned development proposal currently being discussed by the Village of River Forest. As such, there may be a future possibility to construct a four-story mixed-use building on this block. Subject property is currently a two-story mixed-use building with multiple offices and apartment. Additionally, property is located in a "tax increment financing (TIF) district" with benefits for new development and pre-existing buildings. Building being sold in "As Is" condition. Agent-owned property
Full Property Details
Full Property Details for 7610 Madison St
General
- Price: $885,000
- Taxes: $12,320 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12012221
- Updated: 4/1/2024
- Added to Site: 32 day(s) ago
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Storage Inside, Basement
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: River Forest
- County: Cook
- Township: River Forest
- Driving Directions: West of DesPlaines Ave. on Madison St. North side of street.
- Location Details: Chicago West, Mixed-Use Area, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Gas
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 2,448
- Year Built: 1925
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 1
- Units w/Range/Oven: 2
Lot Features
- Lot Size (Sq. Ft.): 4,180
- Lot Dimensions: 33 x 125
- Potential Use: Commercial, Office and Research, Development, Other
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $1,730
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1925
- Tax Amount: $12,320
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 15123220410000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 7610 Madison St
School Districts:River Forest School District 90, Oak Park - River Forest School District 200
Rating | Name | Grades | Distance |
---|---|---|---|
511 Park Ave, River Forest, IL 60305 | PK-4 | 0.7 mi | |
7560 Oak Ave, River Forest, IL 60305 | 5-8 | 0.9 mi | |
201 N Scoville Ave, Oak Park, IL 60302 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7610 Madison St
Date
Details
Price
Change
Source
3/26/2024
Listed
$885,000
—
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 7610 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$12,022
4%
$37,228
—
2021
$11,578
2%
$37,228
—
2020
$11,312
-11%
$37,228
-10%
2019
$12,779
-3%
$41,165
-8%
2018
$13,197
—
$44,906
—
2017
$13,150
10%
$44,906
21%
2016
$11,914
2%
$37,036
—
2015
$11,705
9%
$37,036
—
2014
$10,721
26%
$37,036
23%
2013
$8,502
-2%
$30,131
—
2012
$8,641
—
$30,131
—
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 7610 Madison St
7610 Madison Street, River Forest, IL 60305 (MLS# 12012221) is a Commercial property. 7610 Madison Street is currently listed for $885,000 and was received on March 26, 2024. Want to learn more about 7610 Madison Street? Do you have questions about finding other Commercial real estate for sale in River Forest? You can browse all River Forest real estate or contact a Coldwell Banker agent to request more information.