Home Details for 7242 Roosevelt Road

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.

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