NOT LISTED FOR SALE

7501 Madison St Unit 2 Forest Park, IL 60130

Estimated Value: $437,142 - $606,000

2 Beds
2 Baths
1,200 Sq Ft
3,920 Sq Ft Lot

Highlights

  • Enclosed Balcony
  • Living Room
  • Dining Room
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Dogs and Cats Allowed

About This Home

As of November 2022

Amazing apartment in the heart of forest park restaurant/shopping district. Entire apt has been freshly painted. Hardwood floors throughout. 2 bed, 2 full bath and 1 garage spot and 1 driveway spot. Kitchen offers SS appliances, white cabinets, and granite countertops. Enclosed balcony in back. Offers a courtyard in back to set up patio furniture if you like. Private entrance from garage to home. You will love the feel of this place. Priced to be rented out ASAP. Listing agent is related to Landlord

Last Agent to Rent the Property

Michael Padron

Associates Realty License #475156478 Listed on: 09/26/2022

Last Renter's Agent

Kit Welch

Baird & Warner License #475164869

Baird & Warner

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,318

Year Built

  • Built in 1903

Lot Details

  • 3,920

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Enclosed Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Security Deposit $1,900
  • Property Available on 10/1/22

Community Details

Overview

  • Association Phone (847) 609-1213
  • Low-Rise Condominium

Pet Policy

  • Pets up to 25 lbs
  • Dogs and Cats Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,318

Year Built

Built in 1903

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2022-10-01
  • Board Number: 5
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Attached
  • Rental Price: 1900
  • Security Deposit: 1900
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Property Sub-Type: Attached
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1200
  • Room Type: Enclosed Balcony
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Detached
  • 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
  • Rent Includes: None
  • Management Phone: 847-609-1213

Lot Info

  • Lot Dimensions: COMMON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2025
Sold by
Padron Enterprises Inc
Bought by
Mockler Riley
Current Estimated Value
$503,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2005
Sold by
Hefner Daniel and Hefner Mary
Bought by
Baron Dale J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1998
Sold by
Bauder William and Bauder Nancy
Bought by
Hefner Daniel and Hefner Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 1996
Sold by
Maywood Proviso State Bank
Bought by
Bauder William and Bauder Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
7.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mockler Riley $450,000 Chicago Title Insurance Compan
Baron Dale J $540,000 Prairie Title
Hefner Daniel $140,000 Chicago Title Insurance Co
Bauder William $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mockler Riley $320,000
Previous Owner Baron Dale J $125,000
Previous Owner Hefner Daniel $112,000
Previous Owner Bauder William $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2022 11/15/22 Rented $2,000 +5.3% --
10/08/2022 10/08/22 Under Contract -- -- --
09/26/2022 09/26/22 For Rent $1,900 -- --
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 $15,318 $51,000 $3,915 $47,085
2023 $9,430 $51,000 $3,915 $47,085
2022 $9,430 $29,733 $2,545 $27,188
2021 $8,988 $29,732 $2,544 $27,188
2020 $8,834 $29,732 $2,544 $27,188
2019 $9,810 $31,289 $2,544 $28,745
2018 $9,605 $31,289 $2,544 $28,745
2017 $9,415 $31,289 $2,544 $28,745
2016 $7,951 $24,685 $2,349 $22,336
2015 $7,782 $24,685 $2,349 $22,336
2014 $7,654 $24,685 $2,349 $22,336
2013 $8,959 $30,329 $2,349 $27,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11638121

Midwest Real Estate Data (MRED)

APN: 15-12-431-028-0000