NOT LISTED FOR SALE

Madison Street Commons 7243 Madison St Unit 421 Forest Park, IL 60130

Estimated Value: $247,000 - $275,000

1 Bed
1 Bath
985 Sq Ft
$402/ mo HOA Fee

Last Sold March 16, 2022

Last sale price $250,000 $254 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,405/month

Highlights

  • Fitness Center
  • Lock-and-Leave Community
  • Den
  • Penthouse
  • Party Room
  • Sundeck

About This Home

As of March 2022

This gorgeous, naturally illuminated top-floor unit is nestled in the heart of downtown Forest Park. Enjoy the beautiful Chicago skyline views from the generous balcony and your main living area. The open concept allows so much natural light to stream in from the windows, sliders, and even the skylight above. The desirable floor plan hosts a sharp, updated kitchen with stainless steel appliances, granite counters, and plenty of cabinet space, a spacious living area that is large enough to provide multi-purpose options of living and dining or even home office space. Gleaming hardwood flows through the unit that feels like a two-bedroom. The master bedroom is generous in size and as a bonus, there is an additional room that is perfect for guest room, game room, office or den. Garage parking for two. Two spaces, yes, two come with the unit that also features in-unit laundry. Storage, bike room, elevator plus a lovely, tranquil, private outdoor courtyard are additional features of this fantastic building. Central location, blocks from transit, el, and expressway. The heart of downtown Forest Park is literally outside your front door!

Last Agent to Sell the Property

Sondra Savino

Compass License #475142425 Listed on: 02/18/2022

Compass

Last Buyer's Agent

Victoria Atkins

Compass License #475102405

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,007

Year Built

  • Built in 2005 | Remodeled in 2018

Lot Details

  • 0.99

HOA Fees

  • $402 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Penthouse
  • Brick Exterior Construction

Interior Spaces

  • 985 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Skylights
  • Combination Dining and Living Room
  • Den
  • Storage
  • Laminate Flooring
  • Intercom

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • No Tub in Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exercise facilities, exterior maintenance, scavenger, snow removal
  • 66 Units
  • Gina Association, Phone Number (312) 829-8900
  • Mid-Rise Condominium
  • Property managed by First Community Mangement
  • Lock-and-Leave Community

Amenities

  • Sundeck
  • Party Room
  • Elevator
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,007

Year Built

Built in 2005 | Remodeled in 2018

Lot Details

0.99 Acres

HOA Fees

$402 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Mid Rise (4-6 Stories),Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Mid Rise (4-6 Stories),Penthouse
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 4
  • Rehab Year: 2018
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Cooktop
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Skylight(s), Wood Laminate Floors, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s)
  • LivingArea: 985
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: Den, Walk In Closet
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Dining Room Flooring: Wood Laminate
  • Kitchen Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar,Island,Granite Counters,Updated Kitchen
  • Living Room Flooring: Wood Laminate
  • Primary Bedroom Bath: None
  • Master Bedroom Flooring: Wood Laminate

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Heated
  • 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: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 402
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Party Room, Sundeck, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Community Mangement
  • Management Contact Name: Gina
  • Management Phone: 312-829-8900
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Garfield Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Garfield Elementary School

Lot Info

  • Additional Parcels: No
  • 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: 7006.59
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
Cervantes Rosa Maria Sanchez
Bought by
Rosa M Sanchez Cervantes Declaration Of Trust and Cervantes
Current Estimated Value
$266,803

Purchase Details

Listed on
Feb 18, 2022
Closed on
Mar 22, 2022
Sold by
Dursun Alan W
Bought by
Cervantes Rosa Maria Sanchez
Seller's Agent
Sondra Savino
Compass
Buyer's Agent
Victoria Atkins
Compass
List Price
$244,900
Sold Price
$250,000
Premium/Discount to List
$5,100
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.64%

Purchase Details

Listed on
Feb 18, 2022
Closed on
Mar 15, 2022
Sold by
Dursun Alan W
Bought by
Cervantes Rosa Maria Sanche
Seller's Agent
Sondra Savino
Compass
Buyer's Agent
Victoria Atkins
Compass
List Price
$244,900
Sold Price
$250,000
Premium/Discount to List
$5,100
2.08%

Purchase Details

Listed on
Feb 18, 2022
Closed on
Mar 11, 2022
Sold by
Dursun Alan W
Bought by
Cervantes Rosa Maria Sanchez
Seller's Agent
Sondra Savino
Compass
Buyer's Agent
Victoria Atkins
Compass
List Price
$244,900
Sold Price
$250,000
Premium/Discount to List
$5,100
2.08%

Purchase Details

Listed on
Oct 15, 2018
Closed on
Nov 21, 2018
Sold by
Baldwin Scott R and Baldwin Melany S
Bought by
Dursun Alan W
Seller's Agent
Laurie Christofano
RE/MAX In The Village
Buyer's Agent
Jim Blaha
HomeSmart Connect LLC
List Price
$249,800
Sold Price
$230,000
Premium/Discount to List
-$19,800
-7.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.66%
Original Mortgage
$184,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2018
Closed on
May 17, 2018
Sold by
Naoom Peter
Bought by
Baldwin Scott R and Baldwin Melany S
Seller's Agent
Alys Baldwin
Virtue Realty, LLC
Buyer's Agent
Laurie Christofano
RE/MAX In The Village
List Price
$229,900
Sold Price
$229,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.07%

Purchase Details

Closed on
Nov 24, 2012
Sold by
Naoom Peter and Naoom Faiza
Bought by
Naoom Peter

Purchase Details

Closed on
Jul 26, 2005
Sold by
Madison Street Commons Llc
Bought by
Naoom Peter and Naoom Faiza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rosa M Sanchez Cervantes Declaration Of Trust -- None Listed On Document
Cervantes Rosa Maria Sanchez $250,000 --
Cervantes Rosa Maria Sanche $250,000 --
Cervantes Rosa Maria Sanchez $250,000 --
Dursun Alan W $230,000 Chicago Title Insurance Comp
Baldwin Scott R $230,000 Proper Title Llc
Naoom Peter -- Ravenswood Title Company Llc
Naoom Peter $249,500 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dursun Alan W $184,000
Previous Owner Naoom Peter $199,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2022 03/16/22 Sold $250,000 +2.1% $254 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $244,900 +6.5% $249 / Sq Ft
01/10/2019 01/10/19 Sold $230,000 -4.1% $234 / Sq Ft View Prior Sale
11/21/2018 11/21/18 Pending -- -- --
11/12/2018 11/12/18 Price Changed $239,900 -2.1% $244 / Sq Ft
10/25/2018 10/25/18 Price Changed $245,000 -1.9% $249 / Sq Ft
10/15/2018 10/15/18 For Sale $249,800 +8.7% $254 / Sq Ft
05/21/2018 05/21/18 Sold $229,900 0.0% $233 / Sq Ft View Prior Sale
04/21/2018 04/21/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $229,900 0.0% $233 / Sq Ft
07/15/2017 07/15/17 Rented $1,850 0.0% --
07/03/2017 07/03/17 Under Contract -- -- --
06/22/2017 06/22/17 For Rent $1,850 -7.3% --
03/15/2016 03/15/16 Rented $1,995 0.0% --
02/24/2016 02/24/16 Under Contract -- -- --
11/25/2015 11/25/15 For Rent $1,995 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $7,202 $23,978 $590 $23,388
2024 $7,202 $23,978 $590 $23,388
2023 $7,570 $23,978 $590 $23,388
2022 $7,570 $21,120 $619 $20,501
2021 $7,190 $21,120 $619 $20,501
2020 $7,007 $21,120 $619 $20,501
2019 $6,141 $17,440 $560 $16,880
2018 $4,830 $17,440 $560 $16,880
2017 $4,744 $17,440 $560 $16,880
2016 $4,770 $15,807 $516 $15,291
2015 $4,651 $15,807 $516 $15,291
2014 $4,582 $15,807 $516 $15,291
2013 $4,537 $16,657 $516 $16,141
Source: Public Records

Agents Affiliated with this Home

  • Sondra Savino

    Seller's Agent in 2022

    Sondra Savino

    Compass

    (708) 790-6416

    6 in this area

    186 Total Sales

    Sondra Savino
    Section Image
  • Victoria Atkins

    Buyer's Agent in 2022

    Victoria Atkins

    Compass

    (708) 666-8700

    11 in this area

    61 Total Sales

    Victoria Atkins
    Section Image
  • Leigh Ann Hughes

    Buyer Co-Listing Agent in 2022

    Leigh Ann Hughes

    Compass

    (630) 546-0381

    22 in this area

    127 Total Sales

    Leigh Ann Hughes
    Section Image
  • Laurie Christofano

    Seller's Agent in 2019

    Laurie Christofano

    RE/MAX

    (630) 248-1976

    9 in this area

    97 Total Sales

    Laurie Christofano
    Section Image
  • Kyra Pych

    Seller Co-Listing Agent in 2019

    Kyra Pych

    RE/MAX

    (708) 648-0451

    13 in this area

    104 Total Sales

    Kyra Pych
    Section Image
  • Jim Blaha

    Buyer's Agent in 2019

    Jim Blaha

    The McDonald Group

    (708) 366-8899

    2 in this area

    12 Total Sales

    Jim Blaha
    Section Image
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About Madison Street Commons

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11322799

Midwest Real Estate Data (MRED)

APN: 15-12-435-032-1064

Illinois Cook County Forest Park 60130

7243 Madison St Unit 421, Forest Park, IL

Not Listed for Sale

Condos

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Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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