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  3. Forest Park, IL
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  5. Madison Commons
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Madison Commons

7243 W Madison Avenue, Forest Park, IL, 60130

YEAR BUILT

2005

# STORIES

# TOTAL UNITS

51

UNIT SIZE RANGE

1,742-1,842 sqft

Description

Madison Commons is at the corner of Madison Avenue and 72nd Street in Forest Park. This building stands out with its modern design and is 3 stories high. It houses a total of 51 units, crafted with attention to comfort and functionality. Constructed in 2005, the units range from 1,742 to 1,842 square feet. Buyers can find options with 1 or 2 bedrooms. The prices for these units fall between $430,000 and $445,000. This results in an average price per square foot close to $257, providing good value in the area. Units typically spend about 81 days on the market. This gives buyers ample time to choose the right fit for their needs. The average closed price has reached around $387,000, reflecting the community's demand and appeal. Residents enjoy various amenities that include an exercise room, a sundeck, and a party room. There are also facilities for bike storage and access to bike trails. This fosters an active lifestyle and encourages social interaction among residents. Dining options nearby include favorites like The Original Pancake House, Fat Duck Tavern and Grill, and Petra. These choices add convenience for leisurely meals and quick bites. The area has a lively atmosphere and a strong sense of community. The building's location allows for easy travel, thanks to nearby roads. It also provides quick access to local parks for recreational activities. Lake Michigan lies within a short drive, inviting outdoor enthusiasts to explore its shores.

Building ImageMLS ID #12460321
Building ImageMLS ID #12460321
Building Image
Building ImageView Listing

Madison Commons

7243 W Madison Avenue, Forest Park, IL, 60130

YEAR BUILT

2005

# STORIES

# TOTAL UNITS

51

UNIT SIZE RANGE

1,742-1,842 sqft

Description

Madison Commons is at the corner of Madison Avenue and 72nd Street in Forest Park. This building stands out with its modern design and is 3 stories high. It houses a total of 51 units, crafted with attention to comfort and functionality. Constructed in 2005, the units range from 1,742 to 1,842 square feet. Buyers can find options with 1 or 2 bedrooms. The prices for these units fall between $430,000 and $445,000. This results in an average price per square foot close to $257, providing good value in the area. Units typically spend about 81 days on the market. This gives buyers ample time to choose the right fit for their needs. The average closed price has reached around $387,000, reflecting the community's demand and appeal. Residents enjoy various amenities that include an exercise room, a sundeck, and a party room. There are also facilities for bike storage and access to bike trails. This fosters an active lifestyle and encourages social interaction among residents. Dining options nearby include favorites like The Original Pancake House, Fat Duck Tavern and Grill, and Petra. These choices add convenience for leisurely meals and quick bites. The area has a lively atmosphere and a strong sense of community. The building's location allows for easy travel, thanks to nearby roads. It also provides quick access to local parks for recreational activities. Lake Michigan lies within a short drive, inviting outdoor enthusiasts to explore its shores.

Next

Description

Madison Commons is at the corner of Madison Avenue and 72nd Street in Forest Park. This building stands out with its modern design and is 3 stories high. It houses a total of 51 units, crafted with attention to comfort and functionality. Constructed in 2005, the units range from 1,742 to 1,842 square feet. Buyers can find options with 1 or 2 bedrooms. The prices for these units fall between $430,000 and $445,000. This results in an average price per square foot close to $257, providing good value in the area. Units typically spend about 81 days on the market. This gives buyers ample time to choose the right fit for their needs. The average closed price has reached around $387,000, reflecting the community's demand and appeal. Residents enjoy various amenities that include an exercise room, a sundeck, and a party room. There are also facilities for bike storage and access to bike trails. This fosters an active lifestyle and encourages social interaction among residents. Dining options nearby include favorites like The Original Pancake House, Fat Duck Tavern and Grill, and Petra. These choices add convenience for leisurely meals and quick bites. The area has a lively atmosphere and a strong sense of community. The building's location allows for easy travel, thanks to nearby roads. It also provides quick access to local parks for recreational activities. Lake Michigan lies within a short drive, inviting outdoor enthusiasts to explore its shores.

Madison Commons Key Stats Last 12 months

Avg. Listed Price-

Avg. Sale Price$387,000($257/Sqft.)
Year over year list price0.00%

Year over year sale priceUp Arrow 12.17%
Total Listings0 Listed

Total sold2 Sold
Average Days on Market81 days

Average HOA fees per sqft$3 /monthly
Next

Key Stats

Year over year list price0.00%

Year over year sale priceUp Arrow12.17%
Total Listings0 Listed

Total sold2 Sold
Average Days on Market81 days

Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Madison Commons Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 21621617922312025-02-07
MLS#: 12208206
Closed$445,000
Unit 201201141822912024-01-17
MLS#: 11910207
Closed$365,000
Unit 216216179223222008-02-26
MLS#: 06790685
Closed$430,000
Unit 201
201

2 Beds

2 Baths

1418 sqft


DateStatusPrice
2024-01-17Closed$365,000
MLS#: 11910207
Days On Market91
Unit 216
216

2 Beds

3 Baths

1792 sqft


DateStatusPrice
2025-02-07Closed$445,000
MLS#: 12208206
Days On Market1
Unit 216
216

2 Beds

3 Baths

1792 sqft


DateStatusPrice
2008-02-26Closed$430,000
MLS#: 06790685
Days On Market22
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at Madison Commons isn’t just about the spacious units. The building brings a host of amenities right to your doorstep. Imagine kicking off your day with a workout in the exercise room or enjoying sunny afternoons on the sundeck. With added perks like an elevator for easy access, a bike room for your two-wheeled adventures, and a party room for gatherings with friends, this building is designed with a lifestyle in mind. You’ll have everything you need to make the most of your everyday living.

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Amenities Description

Living at Madison Commons isn’t just about the spacious units. The building brings a host of amenities right to your doorstep. Imagine kicking off your day with a workout in the exercise room or enjoying sunny afternoons on the sundeck. With added perks like an elevator for easy access, a bike room for your two-wheeled adventures, and a party room for gatherings with friends, this building is designed with a lifestyle in mind. You’ll have everything you need to make the most of your everyday living.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Sundeck

Sundeck

Patio

Patio

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

As a pet owner or someone considering furry friends in the future, you'll be happy to know that Madison Commons welcomes pets, so cats and dogs are both allowed. This flexibility is great for young buyers who want to share their living space with their beloved companions. Just remember, there are some size and number limits to ensure a good balance within the community.

Next

Amenities Description

As a pet owner or someone considering furry friends in the future, you'll be happy to know that Madison Commons welcomes pets, so cats and dogs are both allowed. This flexibility is great for young buyers who want to share their living space with their beloved companions. Just remember, there are some size and number limits to ensure a good balance within the community.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Madison Commons$257/sqft.$3 /sqft.
7243 Madison St$281/sqft.$3 /sqft.
7320 W Madison$156/sqft.$7 /sqft.
315 Marengo Ave$149/sqft.$4 /sqft.
Heritage House Condominiums$172/sqft.$4 /sqft.
320 Circle Ave$172/sqft.$4 /sqft.

Nearby Schools

Situated in , Madison Commons is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Montessori Language Academy

--
Private|Grades PK–KG
314 Circle Ave|0.12 miles away

Garfield Elementary School

--
Public|Grades PK–2
543 Hannah Ave|0.28 miles away

Grant-White Elementary School

B
Public|Grades 3–5
147 Circle Ave|0.32 miles away

Gwendolyn Brooks Middle School

C+
Public|Grades 6–8
325 S Kenilworth A...|0.49 miles away

The Field School

--
Private|Grades PK–6
931 Lake St|0.71 miles away

Forest Park Middle School

C
Public|Grades 6–8
925 Beloit Ave|0.73 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Situated in , Madison Commons is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Montessori Language Academy

--
Private|Grades PK–KG
314 Circle Ave|Less than 1 Mile Away

Garfield Elementary School

--
Public|Grades PK–2
543 Hannah Ave|Less than 1 Mile Away

Grant-White Elementary School

B
Public|Grades 3–5
147 Circle Ave|Less than 1 Mile Away

Gwendolyn Brooks Middle School

C+
Public|Grades 6–8
325 S Kenilworth A...|Less than 1 Mile Away

The Field School

--
Private|Grades PK–6
931 Lake St|Less than 1 Mile Away

Forest Park Middle School

C
Public|Grades 6–8
925 Beloit Ave|Less than 1 Mile Away

Field Stevenson Elementary School

B+
Public|Grades 3–5
925 Beloit Ave|Less than 1 Mile Away

Lincoln Elementary School

A
Public|Grades KG–4
511 Park Ave|Less than 1 Mile Away

Ascension Elementary School

--
Private|Grades PK–8
601 Van Buren St|Less than 1 Mile Away

Fenwick High School

--
Private|Grades 9–12
505 Washington Blv...|Less than 1 Mile Away

Roosevelt School

A-
Public|Grades 5–8
7560 Oak Ave|Less than 1 Mile Away

Abraham Lincoln Elementary School

B+
Public|Grades KG–5
1111 S Grove Ave|Less than 1 Mile Away

La Casa Montessori School

--
Private|Grades PK–4
608 Harrison St|1.01 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–KG
301 S Ridgeland Av...|1.15 Miles Away

West Suburban Montessori School

--
Private|Grades PK–5
1039 S East Ave|1.16 Miles Away

Oliver W Holmes Elementary School

B+
Public|Grades KG–5
508 N Kenilworth A...|1.17 Miles Away

Oak Park & River Forest High School

A
Public|Grades 9–12
201 N Scoville Ave|1.17 Miles Away

Betsy Ross Elementary School

--
Public|Grades KG–2
1315 Marengo Ave|1.18 Miles Away

Percy Julian Middle School

C+
Public|Grades 6–8
416 S Ridgeland Av...|1.19 Miles Away

Longfellow Elementary School

B-
Public|Grades PK–5
715 Highland Ave|1.30 Miles Away

Proviso East High School

F
Public|Grades 9–12
807 S 1st Ave|1.37 Miles Away

Concordia Univ Early Childhood Education Center

--
Private|Grades PK–KG
7400 Augusta St|1.38 Miles Away

Irving Elementary School

B+
Public|Grades KG–5
1125 S Cuyler Ave|1.46 Miles Away

Grace Lutheran School

--
Private|Grades PK–8
7300 Division St|1.46 Miles Away

William Beye Elementary School

C
Public|Grades KG–5
230 N Cuyler Ave|1.48 Miles Away

Prairie Oak School

B+
Public|Grades PK–5
1427 Oak Park Ave|1.49 Miles Away

Jefferson Elementary School

B
Public|Grades PK–5
7035 16th St|1.51 Miles Away

Children's School of Oak Park

--
Private|Grades KG–8
1428 Wesley Ave|1.53 Miles Away

Emerson Elementary School

C
Public|Grades PK–5
311 Washington Blv...|1.57 Miles Away

Trinity High School

--
Private|Grades 9–12
7574 Division St|1.58 Miles Away

St Catherine Siena-St Lucy School

--
Private|Grades PK–8
27 Washington Blvd|1.60 Miles Away

Horace Mann Elementary School

A-
Public|Grades KG–5
921 N Kenilworth A...|1.64 Miles Away

Proviso Math and Science Academy

A+
Public|Grades 9–12
8601 Roosevelt Rd|1.67 Miles Away

Willard Elementary School

A-
Public|Grades PK–4
1250 Ashland Ave|1.72 Miles Away

Little Folks Cottage Daycare & Nursery

--
Private|Grades PK–KG
5926 W Madison St|1.74 Miles Away

Karel Havlicek Elementary School

B
Public|Grades PK–5
6401 15th St|1.78 Miles Away

Whittier Elementary School

A
Public|Grades PK–5
715 N Harvey Ave|1.83 Miles Away

St Giles School

--
Private|Grades PK–8
1034 Linden Ave|1.88 Miles Away

Lincoln Middle School

B
Public|Grades 6–8
6432 16th St|1.88 Miles Away

Warren Park Elementary School

C-
Public|Grades PK–6
1225 S 60th Ct|1.95 Miles Away

St Vincent Ferrer Elementary School

--
Private|Grades PK–8
1515 Lathrop Ave|1.95 Miles Away

Garfield Elementary School

D
Public|Grades PK–5
1514 S 9th Ave|1.96 Miles Away

Tender Care Early Learning Center

--
Private|Grades PK–KG
1901 S 9th Ave|2.00 Miles Away

Transit

Madison Commons benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Metro ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

1st Ave & Roosevelt Rd

1.77 miles away|34 min walk

2nd Ave & Loyola Hospital/Medical Center Ent.

1.87 miles away|36 min walk

2nd Ave & Surgical Pavilion Ent.

1.94 miles away|38 min walk

40 Madison St

1.2 miles away|23 min walk

5700 W Jackson

2 miles away|39 min walk

5900 W Jackson

1.84 miles away|36 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Madison Commons benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Metro ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

1st Ave & Roosevelt Rd

1.77 miles away|34 min walk

2nd Ave & Loyola Hospital/Medical Center Ent.

1.87 miles away|36 min walk

2nd Ave & Surgical Pavilion Ent.

1.94 miles away|38 min walk

40 Madison St

1.2 miles away|23 min walk

5700 W Jackson

2 miles away|39 min walk

5900 W Jackson

1.84 miles away|36 min walk

5th Ave & Roosevelt Rd

1.93 miles away|37 min walk

5th/Bataan

1.75 miles away|34 min walk

5th/Chicago

1.93 miles away|38 min walk

5th/Congress

1.71 miles away|33 min walk

5th/Erie

1.84 miles away|36 min walk

5th/Fillmore

1.88 miles away|36 min walk

5th/Green

1.65 miles away|32 min walk

5th/Harrison

1.73 miles away|34 min walk

5th/Harvard

1.82 miles away|35 min walk

5th/Hugh Muir

2 miles away|39 min walk

5th/Huron

1.87 miles away|36 min walk

5th/Lake

1.82 miles away|35 min walk

5th/Legion

1.66 miles away|32 min walk

5th/Lexington

1.77 miles away|34 min walk

5th/Madison

1.65 miles away|32 min walk

5th/Main

1.78 miles away|35 min walk

5th/Maple

1.71 miles away|33 min walk

5th/Oak

1.72 miles away|34 min walk

5th/Pine

1.68 miles away|33 min walk

5th/Quincy

1.68 miles away|33 min walk

5th/Randolph

1.69 miles away|33 min walk

5th/Rice

1.96 miles away|38 min walk

5th/School

1.65 miles away|32 min walk

5th/St. Charles

1.76 miles away|34 min walk

5th/Superior

1.9 miles away|37 min walk

5th/Van Buren

1.7 miles away|33 min walk

5th/Walnut

1.66 miles away|32 min walk

5th/Warren

1.65 miles away|32 min walk

5th/Washington

1.67 miles away|32 min walk

5th/Wilcox

1.66 miles away|32 min walk

8300 Roosevelt Rd

1.44 miles away|28 min walk

Austin & Adams

1.67 miles away|32 min walk

Austin/Adams

1.67 miles away|32 min walk

Austin (Blue)

1.66 miles away|32 min walk

Austin-Blue

1.66 miles away|32 min walk

Austin Blue Line Station

1.77 miles away|35 min walk

Austin & Chicago

1.93 miles away|38 min walk

Austin/Corcoran/South Blvd./CTA Green Line

1.72 miles away|33 min walk

Austin & Corcoran/South Blvd (Green Line)

1.72 miles away|33 min walk

Austin & Erie

1.83 miles away|36 min walk

Austin & Fillmore

1.89 miles away|37 min walk

Austin/Fillmore

1.89 miles away|37 min walk

Austin & Fulton/Pleasant

1.69 miles away|33 min walk

Austin/Fulton/Pleasant

1.69 miles away|33 min walk

The Neighbourhood: Madison Commons

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Madison Commons Demographics

Age Demographics

0–14 Years

14.14%

15–29 Years

17.52%

30–44 Years

24.92%

45–59 Years

20.05%

60+ Years

23.38%

Commute

20.81%

Transit

5.41%

Walk

55.73%

Drive

0.73%

Bike

Housing Ownership

44.39%

Owner Occupied

55.61%

Rental Units

Household Types

Single Family
19.05%
Multi Family
2.23%
Single Person
49.23%
Multi Person
50.77%

Average Income

Household:$9,615,290.28 /yr

Individual:$5,690,803.3 /yr

Education

Bachelors Degree32.43%
High School College10.95%
Diploma6.38%
Post Graduate33.35%
Others16.88%
Next

Education

Diploma6.38%
Post Graduate33.35%
Others16.88%
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  2. /Forest Park, IL
  3. /
    Madison Commons
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