$525,000
SOLD SEP 2, 2025

416 S Summit St Barrington, IL 60010

4 Beds
4 Baths
-- Sq Ft
1973 Built

Recently Sold

6% Below List Price

335 Days on Market

Highlights

  • Property is near park
  • 4-minute walk to Barrington Station
  • 2 Car Attached Garage
  • Hough Street Elementary School Rated A+

About This Home

As of September 2025

In the heart of downtown Barrington, walking distance to the train station, restaurants, shopping, and daily life necessities. 2024 updates include kitchens, baths, floors, paint, roof, mechanical, garage floor, and exterior sidewalks concrete, and mush more. 2-Flat building like single family house featuring wide nice stair case with 2-Large bedrooms and 1.1-bath in each unit, separate utilities, and in unit washer/dryer, ready to occupy and enjoy, 2.1-attached car garage. The garage roof overlooks beautiful green scenery. Unique and quite location surrounded by single family homes. Combining beauty, comfort and convenience. Minutes to major roads, and interstates. Both units are rented.

Last Agent to Sell the Property

Mark Ahmad

Century 21 Circle License #471007186 Listed on: 09/11/2024

Century 21 Circle

Last Buyer's Agent

Grant Montgomery

Coldwell Banker Realty License #475158346

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,503

Year Built

  • Built in 1973 | Remodeled in 2024

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Hough Street Elementary School
  • Barrington Middle School - Stati
  • Barrington High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Property is near park

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,400
  • Gross Income $60,000
  • Net Operating Income $45,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,503

Year Built

Built in 1973 | Remodeled in 2024

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1973
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: Water Heater-Gas
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Other
  • Foundation Details: Brick/Mortar
  • Lot Features: Other
  • Roof: Flat
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park

Schools

  • Elementary School: Hough Street Elementary School
  • High School: Barrington High School
  • Middle/Junior School: Barrington Middle School - Stati

Lot Info

  • Lot Dimensions: 7296
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 45097
  • Insurance Expense: 2400
  • GrossIncome: 60000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 12503
  • Tax Year: 2023
  • Tax Exemptions: None
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 Sold $525,000 -6.1% --
08/12/2025 08/12/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $559,000 0.0% --
07/25/2025 07/25/25 Pending -- -- --
07/25/2025 07/25/25 For Sale $559,000 0.0% --
07/08/2025 07/08/25 Pending -- -- --
06/08/2025 06/08/25 Price Changed $559,000 -1.8% --
04/22/2025 04/22/25 For Sale $569,000 +8.4% --
04/22/2025 04/22/25 Off Market $525,000 -- --
12/17/2024 12/17/24 For Sale $569,000 0.0% --
11/16/2024 11/16/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $569,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,503 $50,000 $8,755 $41,245
2024 $12,503 $56,000 $7,296 $48,704
2023 $12,217 $56,000 $7,296 $48,704
2022 $12,217 $56,000 $7,296 $48,704
2021 $11,050 $44,808 $3,830 $40,978
2020 $10,665 $44,808 $3,830 $40,978
2019 $10,800 $51,327 $3,830 $47,497
2018 $12,775 $58,345 $3,465 $54,880
2017 $12,515 $58,345 $3,465 $54,880
2016 $12,950 $63,434 $3,465 $59,969
2015 $1,846 $8,355 $3,100 $5,255
2014 $12,813 $58,644 $3,100 $55,544
2013 $12,268 $58,644 $3,100 $55,544
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12160617

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.