Unique Multi-Family Investment
7625 Monroe Street, Forest Park, IL 60130
MULTI_FAMILY - Other - Forest Park, IL
- Added:
- Apr 7, 2026
- Days on Market:
- 47
- Last Refresh:
- May 23 at 5:06 pm
Property Features for 7625 Monroe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bedroom 5
- Window features
- Screens
- Fencing
- Fenced
- Basement
- Full, Unfinished
- Standard status
- Active Under Contract
- APN
- 15131020380000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11378
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1904
- Building materials
- Cedar, Shake Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Marion Digre License #471007794 (708) 955-6664
Listing office RE/MAX In The Village 189 S. Oak Park Ave., Oak Park, IL (708) 386-1400
Listing date Apr 7, 2026
MLS# 12601682
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Unique property featuring a front two‑flat and a separate, refreshed rear coach house, offering flexible living and income options.
- Proven income potential with consistently rented units and a 4‑year tenancy history in the coach house.
- Prime location near Forest Park's Madison Street corridor, with easy access to shops, restaurants, entertainment, and community events.
- Established parking arrangement for tenants across the street at Silverland Bakery.
- Opportunity for house‑hacking by living in the private coach house while generating income from the front units.
- Fenced yard between the buildings.
Overview
This multi-family property in Forest Park presents an investment or owner-occupied opportunity. The property includes a two-flat in the front and a coach house in the rear, with a fenced yard separating the buildings. The coach house was recently vacated after a four-year tenancy, while the front building units are on month-to-month leases. The property offers a flexible setup for house-hacking, where the owner can live in the coach house while the front units generate income, or as an addition to an income-producing portfolio. All units have a history of consistent rental, indicating demand and income potential. The property is located near Forest Park's Madison Street corridor, with access to shops, restaurants, entertainment, and community events. Parking is rented for tenants across the street at Silverland Bakery at $60 per space, an arrangement that has been in place for the last 15 years. Some deferred maintenance is reflected in the price. The property is offered as-is.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Will
- State
- Illinois
- Longitude
- -87.8144
- Latitude
- 41.8677
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two-flat with coach house near Forest Park's Madison Street.
Where is this multifamily property located?
The property is located at 7625 Monroe Street Forest Park, IL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Unique property featuring a front two‑flat and a separate, refreshed rear coach house, offering flexible living and income options.; Proven income potential with consistently rented units and a 4‑year tenancy history in the coach house.; Prime location near Forest Park's Madison Street corridor, with easy access to shops, restaurants, entertainment, and community events.
