NOT LISTED FOR SALE

7506 Madison St Forest Park, IL 60130

Estimated Value: $454,000 - $541,000

3 Beds
1 Bath
1,800 Sq Ft
$276/Sq Ft Est. Value

Highlights

  • Balcony
  • Walk-In Closet
  • Forced Air Heating System

About This Home

As of December 2016

Totally redone unit with plenty of space, in unit Washer Dryer, 2 Parking Spaces , In the heart of all the action of the Madison night life

Last Agent to Rent the Property

Pat Cesario

Compass License #475126439 Listed on: 08/29/2016

Compass

Last Renter's Agent

Joe Langley

Coldwell Banker Realty License #475128501

Coldwell Banker Realty

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $10,813

Year Built

  • 1920

Lot Details

  • 3,746

Parking

  • Parking Available

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Walk-In Closet
  • Balcony

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$10,813

Year Built

1920

Lot Details

0

Rental Info

  • Available: 10/01/2016
  • Fees Approvals: Credit Report
  • Lease Terms: 1 Year Lease
  • Monthly Lot Rental Included: Water, Scavenger, Exterior Maintenance, Lawn Care, Snow Removal
  • Security Deposit: 2400

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • General Information: Non-Smoking Building, Non-Smoking Unit
  • Type Attached: Condo
  • Unit Floor Level: 2
  • Age: 51-60 Years
  • Special Features: None
  • Stories: 2
  • Year Built (Public Record): 1920

Interior Features

  • Number Of Rooms: 6
  • Bedrooms All Levels: 3
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 15X9
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 11X9
  • Third Bedroom Level: Main Level
  • Third Bedroom Size: 11X9
  • Living Room Level: Main Level
  • Living Room Size: 15X9
  • Dining Room Level: Main Level
  • Dining Room Size: 12X12
  • Kitchen Level: Main Level
  • Kitchen Size: 13X12
  • Laundry Level: Main Level
  • Laundry Size: 9X9
  • Additional Rooms: Walk In Closet, Balcony
  • Additional Room 1 Name: Walk in Closet
  • Additional Room 1 Level: Main Level
  • Additional Room 1 Size: 9X9
  • Additional Room 2 Name: Balcony
  • Additional Room 2 Level: Main Level
  • Additional Room 2 Size: 23X13

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Number Parking Spaces: 2
  • Parking On Site: Yes

Utilities

  • Cooling: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 20
  • Pets Allowed: Yes
  • Pet Information: Dogs OK, Pet Weight Limitation

Schools

  • Junior High Dist: 91

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Total Number Unitsin Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2004
Sold by
Standard Bank & Trust Co
Bought by
7506 Madison Llc
Current Estimated Value
$497,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1994
Sold by
Lasalle National Trust Na
Bought by
Standard Bank & Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
9.23%
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
7506 Madison Llc $370,000 Pntn
Standard Bank & Trust Company $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 7506 Madison Llc $195,000
Previous Owner Standard Bank & Trust Company $155,000
Closed 7506 Madison Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2016 12/08/16 Rented $1,995 0.0% --
11/15/2016 11/15/16 Under Contract -- -- --
10/06/2016 10/06/16 Price Changed $1,995 -5.0% $1 / Sq Ft
09/14/2016 09/14/16 Price Changed $2,100 -8.7% $1 / Sq Ft
09/06/2016 09/06/16 Price Changed $2,300 -4.2% $1 / Sq Ft
08/29/2016 08/29/16 For Rent $2,400 -- --
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 $10,813 $36,000 $3,750 $32,250
2023 $7,065 $36,000 $3,750 $32,250
2022 $7,065 $19,713 $2,438 $17,275
2021 $8,117 $23,842 $2,437 $21,405
2020 $7,910 $23,842 $2,437 $21,405
2019 $9,392 $26,674 $2,437 $24,237
2018 $9,199 $26,674 $2,437 $24,237
2017 $8,996 $26,674 $2,437 $24,237
2016 $9,291 $25,926 $2,250 $23,676
2015 $9,145 $25,926 $2,250 $23,676
2014 $8,973 $25,926 $2,250 $23,676
2013 $10,617 $32,826 $2,250 $30,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09327952

Midwest Real Estate Data (MRED)

APN: 15-13-201-005-0000