NOT LISTED FOR SALE

5303 S 72nd Ct Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold September 15, 2020

Last sale price $234,000

23 Days on Market

Highlights

  • Fenced Yard
  • Heating System Uses Steam
  • Paved or Partially Paved Lot
  • Argo Community High School Rated A-

About This Home

As of September 2020

GREAT INVESTMENT! SOLID BRICK 4-FLAT WITH THREE 2 BEDROOM UNITS AND ONE 1 BEDROOM UNIT. TENANTS PAY ELECTRIC AND COOKING GAS. SOME UPDATED TILE FLOORS IN KITCHENS, BATHS AND CARPETS DURING THE LAST COUPLE YEARS. NEW HIP ROOF IN 2013. LOCATED IN SUMMIT NEAR 53RD AND HARLEM. RENTS ARE BELOW MARKET !! BUILDING NEXT DOOR IS ALSO FOR SALE. MOTIVATED SELLER! THANKS FOR SHOWING!

Last Agent to Sell the Property

Alma Meza

Classic Realty Group Prestige License #471017526 Listed on: 06/26/2020

Co-Listed By

Nadia Meza

Classic Realty Group Prestige License #475183657

Last Buyer's Agent

Maria Skupien

Goral Real Estate Inc. License #475140571

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,186

Year Built

  • Built in 1963

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • On-Street Parking
  • Uncovered Parking
  • Parking Space is Owned

Lot Details

  • Lot Dimensions are 35x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $306
  • Fuel Expense $1,400
  • Insurance Expense $1,667
  • Trash Expense $620
  • Water Sewer Expense $1,828
  • Gross Income $24,984
  • Net Operating Income $19,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,186

Year Built

Built in 1963

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Side Apron
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 620
  • Water Sewer Expenses: 1828
  • Trash Expense Year: 2019

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 19163
  • Fuel Expense: 1400
  • Insurance Expense: 1667
  • ElectricExpense: 306
  • GrossIncome: 24984
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 10185.62
  • Tax Year: 2018
  • Tax Exemptions: None
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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
09/15/2020 09/15/20 Sold $234,000 -2.5% --
07/19/2020 07/19/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $240,000 0.0% --
07/07/2020 07/07/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $240,000 -- --
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 $11,212 $32,000 $2,807 $29,193
2024 $11,212 $32,000 $2,807 $29,193
2023 $8,526 $32,000 $2,807 $29,193
2022 $8,526 $19,763 $2,420 $17,343
2021 $8,297 $19,762 $2,420 $17,342
2020 $8,495 $19,762 $2,420 $17,342
2019 $10,532 $22,909 $2,226 $20,683
2018 $10,186 $22,909 $2,226 $20,683
2017 $10,171 $22,909 $2,226 $20,683
2016 $7,436 $15,745 $1,936 $13,809
2015 $7,207 $15,745 $1,936 $13,809
2014 $7,053 $15,745 $1,936 $13,809
2013 $8,423 $20,939 $1,936 $19,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10760879

Midwest Real Estate Data (MRED)
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