M
Seller's Agent in 2022
Molly Olsen
Avenue 1 Realty Group Inc
(312) 259-3246
2 in this area
4 Total Sales
Madison Street Commons 7243 Madison St Unit 205 Forest Park, IL 60130
Estimated Value: $313,000 - $415,000
2
Beds
2
Baths
1,300
Sq Ft
$466/mo
HOA Fee
Highlights
- Fitness Center
- Granite Countertops
- Sundeck
- Open Floorplan
- Party Room
- Stainless Steel Appliances
About This Home
As of June 2022Must see this bright & sunny west facing 2nd Floor unit in the coveted Madison Commons building. Kitchen boasts 42" oak cabinets, granite countertops with breakfast bar and all stainless appliances. Open concept living room dining room combo area looks out onto large private balcony. Main bedroom is very large with 2 huge closets that lead into an en suite bath with dual sinks, tub shower combo. Second bedroom is spacious and sunny with fantastic walk-in closet. Guest bath is located directly across the hall and has updated walk-in shower with all glass sliding doors. Unit has laundry room with new side-by-side washer & dryer. A/C is newly replaced. Unit includes storage unit #S2-2 on property. Parking space is in heated secure garage space #65. Mailbox #2. Building amenities include huge landscaped outdoor terrace, exercise facility, hospitality room and retail on first floor including Starbucks. This location is perfect for walking to shops and restaurants in Forest Park but also close to downtown Oak Park. Metro, Blue Line & Green Line access and close to I-290. Super convenient!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,084
Year Built
- Built in 2004
Lot Details
- 0.99
HOA Fees
- $466 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,300 Sq Ft Home
- 4-Story Property
- Open Floorplan
- Ceiling Fan
- Blinds
- Window Screens
- Combination Dining and Living Room
- Storage
- Partially Carpeted
- Intercom
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Halls are 36 inches wide or more
- Accessibility Features
- Doors with lever handles
- Doors are 32 inches wide or more
- No Interior Steps
- Low Pile Carpeting
Schools
- Garfield Elementary School
- Forest Park Middle School
- Proviso West High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Balcony
- Property is near a bus stop
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
- 66 Units
- Omar Association, Phone Number (312) 829-8900
- Property managed by First Community Management
- Handicap Modified Features In Community
Amenities
- Sundeck
- Shops
- Party Room
- Lobby
- Elevator
Recreation
- Bike Trail
Pet Policy
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Carbon Monoxide Detectors
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2022
Closed on
Jun 6, 2022
Sold by
Siomos Vassilis Jerry
Bought by
Rogers Aaron and Retonde Joseph
Seller's Agent
Molly Olsen
Avenue 1 Realty Group Inc
Buyer's Agent
Scott Rose
Baird & Warner
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,279
Avg. Annual Appreciation
5.86%
Original Mortgage
$285,000
Outstanding Balance
$271,712
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$91,567
Purchase Details
Closed on
Apr 27, 2005
Sold by
Madison Street Commons Llc
Bought by
Grenshaw Investment Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,900
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rogers Aaron | $300,000 | None Listed On Document | |
| Grenshaw Investment Trust | $269,900 | Ticor Title Insurance Compan |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rogers Aaron | $285,000 | |
| Previous Owner | Grenshaw Investment Trust | $215,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2022 06/15/22 | Sold | $300,000 | -2.9% | $231 / Sq Ft |
| 04/26/2022 04/26/22 | Pending | -- | -- | -- |
| 03/09/2022 03/09/22 | Price Changed | $309,000 | -1.9% | $238 / Sq Ft |
| 02/26/2022 02/26/22 | For Sale | $315,000 | -- | $242 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $8,341 | $31,087 | $765 | $30,322 |
| 2023 | $9,814 | $31,087 | $765 | $30,322 |
| 2022 | $9,814 | $27,382 | $803 | $26,579 |
| 2021 | $9,322 | $27,381 | $802 | $26,579 |
| 2020 | $9,084 | $27,381 | $802 | $26,579 |
| 2019 | $7,962 | $22,611 | $726 | $21,885 |
| 2018 | $7,797 | $22,611 | $726 | $21,885 |
| 2017 | $7,626 | $22,611 | $726 | $21,885 |
| 2016 | $7,344 | $20,493 | $668 | $19,825 |
| 2015 | $7,229 | $20,493 | $668 | $19,825 |
| 2014 | $7,092 | $20,493 | $668 | $19,825 |
| 2013 | $6,984 | $21,595 | $668 | $20,927 |
Source: Public Records
Agents Affiliated with this Home
-
Molly Olsen
-
Scott Rose
Buyer's Agent in 2022
Scott Rose
Baird Warner
(847) 921-4082
1 in this area
28 Total Sales
About Madison Street Commons
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11333819
APN: 15-12-435-032-1005
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