Madison Street Commons 7243 Madison St Unit 311 Forest Park, IL 60130
2
Beds
2
Baths
1,085
Sq Ft
$485/mo
HOA Fee
Highlights
- Fitness Center
- Party Room
- Living Room
- Wood Flooring
- Balcony
- Laundry Room
About This Home
As of August 2025Rare opportunity to get into a highly sought after condo building! This two-bedroom, two-bathroom condominium in the heart of downtown Forest Park offers an array of modern features and amenities. The residence features approximately 1,085 square feet of bright living space and boasts BRAND NEW engineered hardwood flooring and HVAC system installed MAY/JUNE of 2025. Includes in-unit laundry facilities which add to the ease of daily living along with a storage unit that is conveniently located on the same floor. This listing includes TWO deeded parking spaces, in a secure, heated garage. Residents can also enjoy access to the on-site exercise room, community gathering space and garden in the back. The elevator-equipped building offers seamless accessibility. Step right out your door to restaurants, shops and entertainment as well as a quick walk to the Blue Line and the Park District of Forest Park.
Last Agent to Sell the Property
Coldwell Banker Realty License #475194598 Listed on: 06/26/2025
Last Buyer's Agent
Sarah Machmouchi
Redfin Corporation License #475130958
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,913
Year Built
- Built in 2005 | Remodeled in 2020
HOA Fees
- $485 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,085 Sq Ft Home
- 1-Story Property
- Blinds
- Window Screens
- Family Room
- Living Room
- Dining Room
- Storage
- Wood Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Accessibility Features
- No Interior Steps
Outdoor Features
- Balcony
Schools
- Garfield Elementary 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, security, clubhouse, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
- 66 Units
- Katelyn White Association, Phone Number (239) 247-4091
- Property managed by First Community Management
Amenities
- Shops
- Party Room
- Lobby
- Elevator
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 9, 2005
Sold by
Madison Street Commons Llc
Bought by
Lee Chuck Keun Sun and Lee Young Bok
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,200
Interest Rate
4.85%
Mortgage Type
Unknown
Similar Homes in the area
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $238,000 | Ticor Title Insurance Compan |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Closed | $225,000 | Unknown | |
| Closed | $190,200 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Sold | $355,000 | +1.4% | $327 / Sq Ft |
| 07/15/2025 07/15/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | For Sale | $350,000 | -- | $323 / 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 | $7,913 | $26,347 | $648 | $25,699 |
| 2023 | $8,318 | $26,347 | $648 | $25,699 |
| 2022 | $8,318 | $23,207 | $680 | $22,527 |
| 2021 | $7,901 | $23,207 | $680 | $22,527 |
| 2020 | $7,699 | $23,207 | $680 | $22,527 |
| 2019 | $6,747 | $19,163 | $615 | $18,548 |
| 2018 | $6,608 | $19,163 | $615 | $18,548 |
| 2017 | $6,463 | $19,163 | $615 | $18,548 |
| 2016 | $6,224 | $17,369 | $566 | $16,803 |
| 2015 | $6,127 | $17,369 | $566 | $16,803 |
| 2014 | $6,011 | $17,369 | $566 | $16,803 |
| 2013 | $5,919 | $18,303 | $566 | $17,737 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Katherine Trankina
Coldwell Banker Realty
(708) 262-8152
1 in this area
10 Total Sales
-
S
Buyer's Agent in 2025
Sarah Machmouchi
Redfin Corporation
About Madison Street Commons
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12366317
APN: 15-12-435-032-1031
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