NOT LISTED FOR SALE

Madison Street Commons 7243 Madison St Unit 201 Forest Park, IL 60130

Estimated Value: $372,000 - $421,000

2 Beds
2 Baths
1,418 Sq Ft
0.99 Acre Lot

Sale Details

Date Sold: January 17, 2024

Last sale price $365,000 $257 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,425 / mo

44 Days on Market

Highlights

  • Fitness Center
  • Granite Countertops
  • Den
  • Wood Flooring
  • Party Room
  • First Floor Utility Room

About This Home

As of January 2024

There's No Place Like Home! Gorgeous condo located in the heart of downtown Forest Park with shopping and restaurants right out your front door. This unit has been gently used through the years as it is still owned by the original owner who used it as a 2nd home. This unit features many upgrades as it was the model unit featuring upgraded solid wood closet doors, hardwood floors in main living space, built-in book cases in den, soaking tub and walk-in shower in primary suite and can lights throughout. Nicely sized foyer welcomes you to a spacious living room with separate dining area with additional den for home office or 3rd bedroom. West facing balcony to enjoy the fresh air. 2 bedrooms with great closet space and in-unit laundry for your convenience. 2 (tandem) parking spaces (#46 and #72) equipped with 30 amp outlet for electric car. The buildihng has been recently renovated with the elegance and beauty of a downtown high-rise. Building offers exercise room and community room for relaxing or parties. Enjoy the hidden beauty of the 2nd floor garden terrace for all resident usage. Close proximity to Blue and Green Line, Metra Train and easy I290 access. Centrally located to both Forest Park and Oak Park shopping and restaurants.

Last Agent to Sell the Property

Dorothy Gillian

Berkshire Hathaway HomeServices Chicago License #475141002 Listed on: 10/18/2023

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Anna Gillian Cramer

Berkshire Hathaway HomeServices Chicago License #475172711

Last Buyer's Agent

Scott Berg

Berg Properties License #475110440

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,281

Year Built

  • Built in 2005

Lot Details

  • 0.99

HOA Fees

  • $562 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Garage Transmitter
  • Tandem Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,418 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • Bookcases
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • First Floor Utility Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessibility Features
  • Doors swing in
  • Doors with lever handles
  • No Interior Steps
  • Level Entry For Accessibility

Outdoor Features

Schools

  • Garfield Elementary School
  • Forest Park Middle School
  • Proviso East High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 66 Units
  • Katelyn White Association, Phone Number (312) 829-8900
  • Property managed by First Community Management

Amenities

  • Sundeck
  • Party Room
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,281

Year Built

Built in 2005

Lot Details

0.99 Acres

HOA Fees

$562 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Accessibility Features: Swing In Door(s), Lever Door Handles, Main Level Entry, No Interior Steps
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Bookcases, Some Carpeting, Granite Counters, Separate Dining Room
  • LivingArea: 1418
  • Room Type: Den, Foyer, Utility Room-1st Floor, Balcony/Porch/Lanai
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated,Tandem,7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 562
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Party Room, Sundeck
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Community Management
  • Management Contact Name: Katelyn White
  • Management Phone: 312-829-8900
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Garfield Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Forest Park Middle School
  • Junior High/Middle School #2: Proviso Mathematics and Science Academy

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 8280.82
  • Tax Year: 2021

Multi Family

  • Units in Building: 66

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Jan 11, 2024
Sold by
Bought by
Seller's Agent
Dorothy Gillian
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Scott Berg
Berg Properties
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Views
155
Current Estimated Value
$398,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,271
Avg. Annual Appreciation
3.67%
Original Mortgage
$292,000
Outstanding Balance
$286,299
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$111,972

Purchase Details

Closed on
Nov 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.12%
Mortgage Type
Unknown
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$365,000 Chicago Title
$395,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $292,000
Previous Owner $316,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/17/2024 01/17/24 Sold $365,000 0.0% $257 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
11/27/2023 11/27/23 Off Market $365,000 -- --
10/18/2023 10/18/23 For Sale $375,000 -- $264 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,546 $34,422 $847 $33,575
2024 $8,546 $34,422 $847 $33,575
2023 $8,660 $34,422 $847 $33,575
2022 $8,660 $30,320 $889 $29,431
2021 $8,281 $30,318 $888 $29,430
2020 $10,058 $30,318 $888 $29,430
2019 $8,816 $25,037 $804 $24,233
2018 $8,634 $25,037 $804 $24,233
2017 $8,444 $25,037 $804 $24,233
2016 $8,132 $22,692 $740 $21,952
2015 $8,005 $22,692 $740 $21,952
2014 $7,853 $22,692 $740 $21,952
2013 $7,734 $23,912 $740 $23,172
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dorothy Gillian

    Berkshire Hathaway HomeServices Chicago

    Section Image
  • Anna Gillian Cramer

    Seller Co-Listing Agent in 2024

    Anna Gillian Cramer

    Berkshire Hathaway HomeServices Chicago

    (708) 426-4349

    127 Total Sales

    Anna Gillian Cramer
    Section Image
  • Scott Berg

    Buyer's Agent in 2024

    Scott Berg

    Berg Properties

    (773) 960-2462

    553 Total Sales

    Scott Berg
    Section Image
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About Madison Street Commons

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11910207

Midwest Real Estate Data (MRED)

APN: 15-12-435-032-1001

Illinois Cook County Forest Park 60130

7243 Madison St Unit 201, Forest Park, IL

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 to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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