Contact us: 563.441.1776
Description
Excellent Mixed-Use Investment Opportunity in Forest Park! Well-maintained mixed-use building featuring 3 spacious 1BR/1BA apartments above a ground-floor commercial space currently operating as a laundromat. The residential units offer large rooms and comfortable layouts that appeal to long-term tenants seeking convenient suburban living with easy access to Chicago. The laundromat tenant owns the business and is in the final six months of their lease, creating a unique opportunity for a new owner. The existing tenant has expressed willingness to sell the laundromat business in a separate transaction, offering the potential for an owner-operator or additional income stream. This property benefits from a high-visibility location along Roosevelt Road and strong neighborhood amenities. Residents enjoy easy access to shopping including Jewel-Osco, Walmart, and the Forest Park Plaza shopping area, all within walking distance. Outdoor recreation is nearby at Maple Park, just a few blocks away. The property is also well positioned; located just minutes from several universities including Concordia University Chicago, Dominican University, and Triton College, all within a short drive. Commuting is convenient with quick access to the Chicago Blue Line via the nearby Forest Park Station, plus easy connections to I-290 highway and multiple bus routes. 400-amp electrical service, emergency lighting and exit signage in the laundromat, rear office space within the commercial unit. Strong visibility and foot traffic along Roosevelt Rd. Whether you're looking for stable rental income, value-add potential, or a mixed-use investment with business upside, this property presents a compelling opportunity in the growing Forest Park market. Schedule your showing today and explore the potential.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1959
General Information
County: Cook
Listed By:
Westward360 RM
773-572-0880
MRED MLS
MLS ID: 12585424
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7242 Roosevelt Road, Forest Park, IL 60130.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $385,000 | $385,000 | $385,000 |
| Down Payment | $77,000 | $13,475 | $96,250 |
| Monthly Mortgage Amount | $1,797 | $2,206 | $2,340 |
| Taxes | $536 | $536 | $536 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $169 | $0 |
| Monthly Estimated Total | $2,445 | $3,023 | $2,988 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/12/2026. The listing information on this page last changed on 03/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/12/2026 12:17:07 AM EST) or MRED MLS (last updated Thu 03/12/2026 12:11:30 AM EST) or SCWMLS (last updated Wed 03/11/2026 11:54:53 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 03/11/2026 10:16:01 PM EST) or Cedar Rapids MLS (last updated Wed 03/11/2026 10:44:28 PM EST) or NEIRBR MLS (last updated Thu 03/12/2026 12:08:45 AM EST) or ICAAR MLS (last updated Wed 03/11/2026 11:37:32 PM EST) or ECIMLS (last updated Wed 03/11/2026 11:44:17 PM EST) or RMLSA (last updated Thu 03/12/2026 12:10:59 AM EST) or Muscatine MLS (last updated Thu 03/12/2026 12:15:25 AM EST) or No Coast MLS (last updated Thu 03/12/2026 12:14:25 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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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