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12-Unit Townhome Portfolio
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Pending

7820 Madison St, River Forest, IL 60305

Newer three-story residences offer private outdoor areas, in-unit laundry, and attached heated garages.

Property SizeContact for details
Days on Market140

Property Features for 7820 Madison St

General Information

Standard status Pending
Total Parking Spaces 24
Property subtype Multifamily

Units

Unit Mix 12 x 3BR/3.5BA
Multifamily Units 12
Parking per Unit 2

Additional Details

Public Transit Yes

Amenities

in-unit laundry
private decks and patio space

Building Details

Year Built 2017
Stories 3
Listing Agency: Essex Realty Group
Listed By: Jonathan Weissman · License #IL 475187387
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 7:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essex Realty Group

Investment Insights

Based on property information with market context.

This multifamily offering includes 12 townhome units within a 29-unit community completed in 2017. Each residence is arranged across three stories with a 3 Bd/3.5 Ba layout, open living areas, contemporary high-end finishes, in-unit laundry, private decks, and patio space. Attached two-car garages provide 24 heated garage parking spaces in total, and every townhome has a separate PIN.

The community is located at 7820 Madison St in River Forest, IL, less than 0.5 miles from River Forest Train Station and Forest Park Subway Station. Shops, restaurants, and grocery stores are within walking distance. An HOA covers common-area insurance, snow removal, landscaping, and water for the sprinkler system. Recent lease renewals have recorded rent increases as high as 7%.

Key Highlights

  • 12 townhome units within a 29‑unit community
  • Completed in 2017 with 3 Bd/3.5 Ba layouts across three stories
  • 24 heated garage parking spaces from attached two‑car garages

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Carpet & Flooring Store Home Appliance Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

894
Businesses Nearby

Demographics for 60305, IL

11,710
Population
4,494
Households
2.6
Avg Household Size
40
Median Age
73%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
4,684
Density / Sq Mi
$148,711
Median Household Income
$83,347
Median Earnings
$1,411
Median Rent
$676,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Newer three-story residences offer private outdoor areas, in-unit laundry, and attached heated garages.
Where is this multifamily property located?
The property is located at 7820 Madison St River Forest, IL.
What are key features of this property?
This property features: 12 townhome units within a 29‑unit community; Completed in 2017 with 3 Bd/3.5 Ba layouts across three stories; 24 heated garage parking spaces from attached two‑car garages
More about this property
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