NOT LISTED FOR SALE

7500 Madison St Forest Park, IL 60130

Estimated Value: $4,254,680

1 Bed
1 Bath
800 Sq Ft
$5,318/Sq Ft Est. Value

About This Home

As of July 2016

Superb and spacious 1br with hardwood floors in Downtown Forest Park steps to coffee shops, restaurants, shopping, and nightlife. Walking distance to Forest Park Blue Line. Easy access to 290, metra, and CTA buses. Plenty of closet space. Village parking lot in rear of building. Laundry on-site. Heat included!

Last Agent to Rent the Property

Alan Meltzer

Meltzer Real Estate LLC License #471009406 Listed on: 05/16/2016

Last Renter's Agent

Christopher Leseberg

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $67,621

Year Built

  • 1925

Lot Details

  • 9,148

Home Design

  • Brick Exterior Construction

Parking

  • Parking Available
  • Off-Street Parking

Additional Features

  • Property is near a bus stop
  • Hot Water Heating System

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$67,621

Year Built

1925

Lot Details

0

Rental Info

  • Available: 07/01/2016
  • Monthly Lot Rental Included: Heat, Water, Exterior Maintenance, Lawn Care, Snow Removal
  • Short Term Lease Ok: Yes

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access, Non-Smoking Building, Non-Smoking Unit
  • Type Attached: Courtyard, Studio
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Special Features: None
  • Stories: 3
  • Year Built (Public Record): 1925

Interior Features

  • Number Of Rooms: 4
  • Bedrooms All Levels: 1
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 12X10
  • Living Room Level: 2nd Level
  • Living Room Size: 14X18
  • Dining Room Level: 2nd Level
  • Dining Room Size: 7X9
  • Kitchen Level: 2nd Level
  • Kitchen Size: 7X9
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Off Street
  • Number Parking Spaces: 1
  • Parking On Site: Yes

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam

Condo/Co-op/Association

  • Max Pet Weight: 25
  • Pets Allowed: Yes
  • Pet Information: Cats OK, Deposit Required, Dogs OK, Pet Count Limitation, Pet Weight Limitation

Schools

  • Junior High Dist: 91

Lot Info

  • Lot Dimensions: 60 X 150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2013
Sold by
Chicago Title Land Trust Company
Bought by
Forest Park Residential Llc
Current Estimated Value
$4,254,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,495,000
Outstanding Balance
$1,117,985
Interest Rate
4.3%
Mortgage Type
Negative Amortization
Estimated Equity
$3,136,695

Purchase Details

Closed on
Apr 29, 2002
Sold by
Snyder Alexander and Snyder Geraldine
Bought by
Forest Park National Bank & Trust Co and Trust #021379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1994
Sold by
Firstar Bank Du Page
Bought by
Snyder Alexander and Snyder Geraldine
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Forest Park Residential Llc $2,300,000 Chicago Title Land Trust Co
Forest Park National Bank & Trust Co $675,000 --
Snyder Alexander -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Park Residential Llc $1,495,000
Previous Owner Forest Park National Bank & Trust Co $1,120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2016 07/26/16 Rented $965 0.0% --
05/19/2016 05/19/16 Under Contract -- -- --
05/16/2016 05/16/16 For Rent $965 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $67,621 $225,131 $9,150 $215,981
2023 $62,361 $225,131 $9,150 $215,981
2022 $62,361 $173,992 $12,810 $161,182
2021 $59,235 $173,991 $12,810 $161,181
2020 $57,722 $173,991 $12,810 $161,181
2019 $60,719 $172,445 $11,437 $161,008
2018 $59,468 $172,445 $11,437 $161,008
2017 $58,161 $172,445 $11,437 $161,008
2016 $52,993 $147,876 $10,980 $136,896
2015 $52,163 $147,876 $10,980 $136,896
2014 $51,178 $147,876 $10,980 $136,896
2013 $47,826 $147,876 $10,980 $136,896
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09226995

Midwest Real Estate Data (MRED)

APN: 15-13-201-006-0000