$1,120,000
SOLD OCT 25, 2024
6 Beds
2 Baths
2,582 Sq Ft
6,020 Sq Ft Lot

Recently Sold

$434 Per Sq Ft

3% Below List Price

83 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Corner Lot
  • Peirce Elementary School Rated A-
  • 2 Fireplaces
  • Mud Room

About This Home

As of October 2024

Welcome to 455-457 Summer Street in Arlington Heights! This 2 family layout is a rarely seen side-by-side style with two near-mirror-image units. Each home's main entrance is through an opposite-facing large covered porch. Open the front door into a mudroom with a coat closet, enter the living room with a fireplace, go through a separate dining room featuring high flat panel wainscoting and moulding; continue either to the large kitchen or to the second floor living area. The kitchens lead to a rear small balcony with yard access. The second floor features three spacious bedrooms, each with ample closet space. Each home has a third floor attic space that is unfinished and full of potential! Basements are separated, each with its own laundry room area and direct yard access through a hinged door. A 2 car garage and 6 car tandem paved driveway ensures plenty of parking. Tenant at will leases begin September 1st 2024 mean flexibility for an investor or owner occupant.

Last Agent to Sell the Property

Andrew Stuckey

Keeping It Realty Listed on: 05/07/2024

Last Buyer's Agent

Andrew Stuckey

Keeping It Realty Listed on: 05/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,733

Year Built

  • Built in 1926

Lot Details

  • 6,020 Sq Ft Lot
  • Stone Wall
  • Corner Lot
  • Gentle Sloping Lot
  • Garden

Parking

  • 2 Car Garage
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,582 Sq Ft Home
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Mud Room
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Block Basement Construction

Outdoor Features

  • Balcony
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Peirce/Stratton Elementary School
  • Ottoson Middle School
  • Arlington High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Total Actual Rent $5,900
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:081.0 B:0001 L:0013,324483

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $1,100
  • Water Sewer Expense $1,400
  • Operating Expense $6,700
  • Net Operating Income $64,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,733

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1926
  • Buyer Agency: 2.25
  • Dual Variable: Yes
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Varies
  • Interior Amenities: Walk-In Closet(s), Living Room, Dining Room, Kitchen, Laundry Room, Mudroom
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Partially Finished, Interior Entry, Sump Pump, Concrete
  • Living Area: 2582
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: NB4248
  • LIST PRICE PER Sq Ft: 449.26
  • PRICE PER Sq Ft: 433.77
  • MAIN SO: NB4248

Exterior Features

  • Exterior Features: Balcony, Rain Gutters, Varies per Unit, Garden, Stone Wall
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Cooling: Window Unit(s)
  • Heating: Hot Water, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1400

Lot Info

  • Parcel Number: M:081.0 B:0001 L:0013,324483
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Gentle Sloping
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6020
  • Lot Size Units: Acres
  • PAGE: 145
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8733
  • Tax Book Number: 73959

Multi Family

  • Gross Income: 70800
  • Insurance Expense: 1100
  • Net Operating Income: 64100
  • Number Of Units Total: 2
  • Operating Expense: 6700
  • Total Actual Rent: 5900
  • LEVELS 1: 3
  • Basement Included Sq Ft: No
  • LEVELS 2: 3
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Arlington High
  • Elementary School: Peirce/Stratton
  • Middle Or Junior School: Ottoson

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,825,800 Purchase Money Mortgage
Closed $590,000 Stand Alone Refi Refinance Of Original Loan
Closed $596,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $1,120,000 -3.4% $434 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $1,160,000 0.0% $449 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/13/2024 06/13/24 Price Changed $1,160,000 -3.3% $449 / Sq Ft
05/28/2024 05/28/24 Price Changed $1,199,999 -2.4% $465 / Sq Ft
05/07/2024 05/07/24 For Sale $1,229,000 -- $476 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $9,410 $873,700 $443,300 $430,400
2024 $8,733 $824,600 $437,900 $386,700
2023 $8,552 $762,900 $394,600 $368,300
2022 $8,527 $746,700 $378,400 $368,300
2021 $8,257 $728,100 $378,400 $349,700
2020 $8,053 $728,100 $378,400 $349,700
2019 $7,907 $702,200 $383,800 $318,400
2018 $33 $604,900 $286,500 $318,400
2017 $7,020 $558,900 $259,500 $299,400
2016 $7,016 $548,100 $248,700 $299,400
2015 $6,270 $462,700 $210,800 $251,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73230502

MLS Property Information Network (MLS PIN)

APN: ARLI-000081-000001-000013