Address
7610 Madison Street, River Forest, IL
Price
$ 885,000
Property Attributes
- MLS#12012221
- TypeCommercial
- CountyCOOK
- CityRiver Forest
- AreaRiver Forest
- NeighborhoodMaybrook Square
- Zip60305
- Style
- Year Built1925
- Taxes$ 12320
- Price$ 885,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2448
- Lot Size4,180 SqFt
Data Source:
Midwest Real Estate Data (MRED)
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
| Price History | |
|---|---|
| 3/26/2024 | Listed $885,000 |
General Features
| Cooling | Central Air,Window Unit(s) |
|---|---|
| Zoning | COMMR |
| Year Built | 1925 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity |
| Stories | 2 |
| Township | River Forest |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Gross Income | 55800 |
| County | Cook |
| Insurance Expense | 1730 |
| Property Type | Commercial Sale |
| Possible Use | Commercial,Office and Research,Development,Other |
| Status | Active |
| Directions | West of DesPlaines Ave. on Madison St. North side of street. |
| City | River Forest |
| Total Units | 3 |
| MLS Area | River Forest |
| Lot Size Square Feet | 4180 |
| Street Name | Madison |
| Tax Annual Amount | 12320 |
| Additional Parcels Y/N | Yes |
| Days on Market | 6 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Building Area Total | 2448 |
|---|---|
| Lot Dimensions | 33 X 125 |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60305
Price
Taxes
Visits
Year Built
