7762 Madison St River Forest, IL 60305

Agent owned all brick six unit apartment building in River Forest. This building features one 1 bedroom and five 2 bedroom units. The building has been carefully owned and maintained by the same owner for 35 years. The building includes two heated enclosed stairwells (one in the front, one in the rear) with access to all floors. The rear stairwell provides access to basement storage and laundry. Each apartment includes a large living room, eat-in kitchen, large bedrooms, its own circuit breaker panel and individual thermostat for heat control. Additionally, all units are fully carpeted except for the bathroom and kitchen. Tenants pay electric and provide their own A/C units. 8 outdoor assigned parking spots. Building owned coin-operated laundry, storage closet for the owner and storage area for tenants are in the basement. The building is heated by a hot water boiler. All units are occupied with rent below market rates. Long-time tenants! This is a huge opportunity to either rent the building as-is or upgrade the units to maximize your rental income. One bedroom market rate = $1,100-$1,400; two bedroom market rate = $1,300-$1,600. Great location in River Forest - walking distance to the local grammar school, Blue Line and Eisenhower expressway. This building is agent owned.