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Madison Street Commons

Madison Street Commons

Madison Street Commons
Condominium Building
7231 Madison St
Forest Park, IL 60130
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

66 Units
4 Stories
2007 Year Built
$217K - $447K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Fitness Center
  • Elevator
  • On-Site Retail
  • Party Room
  • Sundeck
  • Balcony

Modern living in the heart of Forest Park

Madison Street Commons, completed in 2007, stands as a contemporary addition to Forest Park's vibrant landscape. This four-story mixed-use building houses 66 condominium units, offering residents a blend of urban convenience and suburban charm. Situated along the bustling Madison Street, the building seamlessly integrates into the neighborhood's lively atmosphere. With commercial spaces on the ground floor and residential units above, Madison Street Commons embodies the area's commitment to walkable, community-oriented living. The building's design, featuring a combination of brickwork and siding, reflects the architectural trends of its time while complementing the surrounding streetscape.

Spacious layouts with modern finishes

Madison Street Commons offers a range of floor plans to suit various lifestyles. The building features one- and two-bedroom units, with sizes spanning from cozy 750-square-foot one-bedrooms to expansive 1,792-square-foot two-bedroom layouts. One-bedroom units, priced around $190,000, provide efficient living spaces with one bathroom. The two-bedroom units, which sell for approximately $370,000, offer more generous accommodations with two to two-and-a-half bathrooms. Many units boast open-concept designs, creating a sense of spaciousness and flexibility. Kitchens often feature granite countertops, 42-inch oak cabinets, and stainless steel appliances, appealing to home cooks and entertainers alike. Gleaming hardwood floors run throughout the main living areas, while bedrooms may be carpeted for comfort. Large windows flood the spaces with natural light, and some units include private balconies, offering residents outdoor space to enjoy. Master bedrooms in the larger units are particularly noteworthy, with walk-in closets and en-suite bathrooms featuring dual sinks. Second bedrooms are generously sized, often with ample closet space. Many units include in-unit laundry facilities, adding convenience to daily life. Some residences have undergone renovations since the building's inception, potentially featuring updates such as quartz countertops or glass-enclosed showers. Regardless of specific finishes, all units benefit from the building's modern construction, offering a contemporary living experience in a vibrant neighborhood setting. Monthly HOA fees range from $300 to $600, covering essentials such as heat, water, gas, parking, and access to building amenities. The association also takes care of exterior maintenance, lawn care, scavenger services, and snow removal, allowing residents to enjoy a low-maintenance lifestyle.

Comfort and convenience at your doorstep

Madison Street Commons offers a suite of amenities designed to enhance residents' daily lives. The building's crown jewel is its rooftop terrace, providing a serene outdoor space for relaxation and socializing. This green roof not only offers aesthetic appeal but also contributes to the building's energy efficiency. For fitness enthusiasts, an on-site exercise room eliminates the need for external gym memberships. The facility is equipped with various machines and free weights, catering to different workout preferences. Social gatherings are made easy with the building's party room, an ideal space for hosting events or meeting neighbors. This multipurpose area can be reserved for private functions, extending living spaces beyond individual units. The building's bike room provides secure storage for cyclists, reflecting the neighborhood's bike-friendly nature. For car owners, heated underground parking ensures vehicles are protected year-round, a particularly valuable feature during Chicago's harsh winters. Security is a priority at Madison Street Commons, with features such as a secure entry system and elevator access. Additional storage units are available on each floor, offering extra space for residents' belongings. The ground floor of the building houses retail spaces, including a convenient Starbucks, adding to the property's mixed-use appeal. This integration of commercial and residential spaces contributes to the vibrant, walkable character of the neighborhood. These thoughtful amenities and services contribute to the overall quality of life at Madison Street Commons, allowing residents to fully enjoy their homes and the surrounding community.

A vibrant community with small-town charm

Forest Park offers a unique blend of suburban tranquility and urban convenience, with Madison Street Commons at its heart. The neighborhood is known for its walkable streets lined with local businesses, creating a strong sense of community. Madison Street, just steps from the building, serves as the area's main commercial corridor. Here, residents can explore a diverse array of dining options, from casual eateries like Louie's Grill, known for its old-timey vibe and American breakfast and lunch fare, to more eclectic offerings such as Starship Restaurant & Catering, a "Star Trek"-themed sandwich shop. For those seeking a quick bite, Chubby's Hot Chicken offers inexpensive American comfort food just a short walk away. Shopping needs are easily met with a variety of options in close proximity. The River Forest Town Center, about a 15-minute walk from Madison Street Commons, houses major retailers like Whole Foods Market and Target. For more specialized shopping, residents can peruse the racks at local boutiques or explore the diverse offerings along Madison Street. Forest Park's commitment to green spaces is evident in its numerous parks. Veterans Park, a mere 10-minute walk from the building, offers picnic areas, playgrounds, and multi-purpose fields. Dog owners will appreciate the Forest Park Dog Park, located within a 15-minute walk. For those seeking more extensive outdoor activities, the Park District of Forest Park provides a wealth of amenities including baseball fields, tennis courts, a pool, and even a skate park. The neighborhood's rich history is reflected in its five major cemeteries, which include burial sites of notable Chicago figures and the historically registered Haymarket Martyrs' Monument. These green spaces not only provide areas for quiet reflection but also contribute to the neighborhood's unique character. Community events play a significant role in Forest Park's charm. The annual St. Patrick's Day Parade and the quirky Casket Races, a nod to the area's historic cemeteries, bring residents together in celebration. The Spring Wine Walk offers a perfect opportunity to explore local businesses while enjoying fine vintages. For families with children, the area is served by several schools. Field-Stevenson Elementary School, rated B on Niche, is known for its innovative approach to technology in education. While some local schools have room for improvement in their ratings, they offer diverse extracurricular activities and a commitment to student growth. With its mix of local charm, convenient amenities, and strong community spirit, the neighborhood surrounding Madison Street Commons offers a welcoming environment for residents of all ages and backgrounds.

Well-connected for urban explorers

Madison Street Commons benefits from its strategic location, offering residents multiple transportation options for navigating both the local area and greater Chicago. The building's prime position on Madison Street places it at the center of Forest Park's transit network. For those relying on public transportation, several bus stops are within easy reach. The Madison St & Elgin Ave stop, less than a five-minute walk from the building, serves the West North Avenue line. Similarly close is the Harlem Ave & Madison St stop, offering access to both the Harlem and West North Avenue lines. These bus routes provide convenient connections to various parts of the city and surrounding suburbs. Rail commuters have multiple options at their disposal. The Harlem/Lake Station on the CTA Green Line is about a 10-minute walk from Madison Street Commons, offering direct access to downtown Chicago and other parts of the city. For those heading west, the Harlem Station on the Blue Line's Forest Park Branch is approximately a 15-minute walk away. This line provides a direct route to O'Hare International Airport, making air travel convenient for residents. Metra riders can access the Oak Park Station on the Union Pacific West Line with a 15-minute walk. This line offers service to Chicago's western suburbs and downtown, ideal for commuters working in the Loop or those exploring the region. For residents who prefer to drive, the building's location provides easy access to major roadways. Interstate 290, also known as the Eisenhower Expressway, is nearby, facilitating quick connections to downtown Chicago and the western suburbs. The building's heated underground parking ensures that vehicles are protected year-round, a significant advantage during Chicago's harsh winters. Cyclists will appreciate Forest Park's bike-friendly nature, with dedicated bike lanes and the proximity to the Illinois Prairie Path, a nearly 60-mile trail system perfect for both commuting and recreational riding. The building's bike room offers secure storage, encouraging this eco-friendly mode of transportation. For air travelers, both of Chicago's major airports are within reach. Chicago Midway International Airport is about a 15-minute drive, while Chicago O'Hare International Airport can be reached in approximately 25 minutes by car or via the Blue Line. The area's excellent walkability means that many daily errands and activities can be accomplished on foot, reducing the need for frequent transportation use. This pedestrian-friendly environment, combined with the diverse transit options available, makes Madison Street Commons an ideal location for those seeking a well-connected urban lifestyle with the charm of a close-knit community.

Building Details

Recreation

  • Fitness Center

Outdoor Features

  • Sundeck

Amenities

  • On-Site Retail
  • Party Room
  • Community Storage Space
  • Resident Manager or Management On Site

Parking

  • 1 - 2 Garage Spaces Per Unit
  • 2 Car Attached Garage
  • On-Site Parking

Pet Policy

  • Dogs and Cats Allowed

Condo Association

  • $643 Monthly HOA Fees
  • Monthly HOA Fees Range from $500 - $643
  • Association fees include heat, water, gas, parking, insurance, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • Maggie Lyons Association, Phone Number (312) 829-8900
  • Property managed by Master Care

Building Design

  • Elevator

Unit Features

  • Laundry Room
  • Washer and Dryer Hookup
  • Balcony

Unit Information

Unit
216
323
Date
02/07/2025
12/13/2024
Beds
2 Beds
2 Beds
Baths
2.5 Baths
2 Baths
Sq Ft
1,792
1,250
Price
$445,000
$329,000
Price / Sq Ft
$248 / Sq Ft
$263 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
None Available
Est. Values
$216,818 - $283,453
2 Bedroom Units
Sq Ft Range
885 - 1,792
Est. Values
$309,468 - $446,835

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Bikeable

Bike Score®

57 / 100

Walker's Paradise

Walk Score®

95 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

67 / 100

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Air Pollution®

N/A / 10

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Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$19K - $44K
Range of Taxes in Building
$2,423 - $11,536
Range of Taxes per Sq Ft
$2.75 - $8.19

Property Tax History

Source: Public Records

Building Website

Building Team

Developer
Focus Development, Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.