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7610 Madison Street,  River Forest IL, 60305

(Active)
$885,000
|
2,448 sqft
|
MLS# 12012221
Last Updated: 5/12/2024 6:14 PM
Description for 7610 Madison Street River Forest, IL 60305
ATTENTION DEVELOPERS: Huge and rare opportunity to develop in beautiful River Forest! This property falls within River Forest's Madison Street Corridor mixed-use planned development proposal currently being discussed by the Village of River Forest. As such, there may be a future possibility to construct a four-story mixed-use building on this block. Subject property is currently a two-story mixed-use building with multiple offices and apartment. Additionally, property is located in a "tax increment financing (TIF) district" with benefits for new development and pre-existing buildings. Building being sold in "As Is" condition. Agent-owned property
Price
$885,000
Cook
2,448 (approx)
12012221
Active
Description
ATTENTION DEVELOPERS: Huge and rare opportunity to develop in beautiful River Forest! This property falls within River Forest's Madison Street Corridor mixed-use planned development proposal currently being discussed by the Village of River Forest. As such, there may be a future possibility to construct a four-story mixed-use building on this block. Subject property is currently a two-story mixed-use building with multiple offices and apartment. Additionally, property is located in a "tax increment financing (TIF) district" with benefits for new development and pre-existing buildings. Building being sold in "As Is" condition. Agent-owned property
Listing Information
Property Type: Mixed Use, Business Opportunities, 2 Story
0.1 Acres 2,448 (approx) 1925
2 Brick Commercial, Development, Other
River Forest//
3 Total
Neighborhood
Room Information
Interior Features
Central Air, Window Unit(s)
Exterior / Lot Features
Brick
33 X 125
COMMR
Driving Directions
West of DesPlaines Ave. on Madison St. North side of street.
Financial Considerations
15123220410000
$12,320
Listing Price History

River Forest Real Estate

River Forest is located in Illinois. River Forest, Illinois 60305 has a population of 11,017.

The median household income in River Forest, Illinois 60305 is $139,524. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in River Forest 60305 is 38 years.

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Courtesy: @properties Christie's International Real Estate
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/12/2024. 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.

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This content last refreshed on 5/12/2024 6:14 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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