NOT LISTED FOR SALE

Madison Street Commons 7243 Madison St Unit 311 Floor 3 Forest Park, IL 60130

Estimated Value: $351,263 - $385,000

2 Beds
2 Baths
1,085 Sq Ft
2005 Built

Sale Details

Date Sold: August 11, 2025

Last sale price $355,000 $327 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,104 / mo

19 Days on Market

Highlights

  • Fitness Center
  • Party Room
  • 2 Car Attached Garage
  • Wood Flooring
  • Balcony
  • Living Room

About This Home

As of August 2025

Rare 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

Katherine Trankina

Coldwell Banker Realty License #475194598 Listed on: 06/26/2025

Coldwell Banker Realty

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 Attached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,085 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Drapes & Rods
  • 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

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,913

Year Built

Built in 2005 | Remodeled in 2020

Lot Details

0 Sq Ft Lot

HOA Fees

$485 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 3
  • 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: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Renovated: 2020

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Gas Cooktop, Gas Oven
  • Basement: None
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Interior Amenities: Elevator, Storage, Lobby, Shops
  • LivingArea: 1085
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 1
  • Window Features: Drapes
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Window Features: Blinds,Screens,Window Treatments

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Heated Garage, On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 485
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Health Club, Party Room
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: First Community Management
  • Management Contact Name: Katelyn White
  • Management Phone: 239-247-4091

Fee Information

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

Schools

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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7913
  • Tax Year: 2023

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
Jun 26, 2025
Closed on
Aug 5, 2025
Sold by
Bought by
Seller's Agent
Katherine Trankina
Coldwell Banker Realty
Buyer's Agent
Sarah Machmouchi
Redfin Corporation
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Views
39
Current Estimated Value
$362,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,816
Avg. Annual Appreciation
2.56%
Original Mortgage
$266,250
Outstanding Balance
$266,009
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$96,807

Purchase Details

Closed on
Jun 9, 2005
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
$190,200
Interest Rate
4.85%
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
$355,000 Chicago Title Insurance Compan
$355,000 Chicago Title Insurance Compan
$238,000 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 $266,250
Closed $266,250
Previous Owner $190,200
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
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

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 $7,913 $26,347 $648 $25,699
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

  • Katherine Trankina

    Seller's Agent in 2025

    Katherine Trankina

    Coldwell Banker Realty

    (708) 262-8152

    12 Total Sales

    Katherine Trankina
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About Madison Street Commons

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12366317

Midwest Real Estate Data (MRED)

APN: 15-12-435-032-1031

Illinois Cook County Forest Park 60130

7243 Madison St Unit 311, 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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