NOT LISTED FOR SALE

5308 S 73rd Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1964 Built

Last Sold August 22, 2019

Last sale price $283,000

23 Days on Market

About This Home

As of August 2019

A chance for a great investment! This brick 4 unit building is fully occupied. It is well maintained and has been kept in good condition. Not far from Harlem and Archer Ave. as well as I-55. There is nice income potential with this property!

Last Agent to Sell the Property

Naim Dabeca

N D Realty License #471007909 Listed on: 05/19/2019

Last Buyer's Agent

Boleslaw Jaronczyk

Polmex Realty Inc. License #471017678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,212

Year Built

  • Built in 1964

Lot Details

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

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,212

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access,Assisted Living
  • 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: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35X125
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 10211.76
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat
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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
08/22/2019 08/22/19 Sold $283,000 -5.7% --
06/11/2019 06/11/19 Pending -- -- --
05/19/2019 05/19/19 For Sale $300,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $10,691 $30,514 $3,194 $27,320
2024 $10,691 $30,514 $3,194 $27,320
2023 $8,519 $30,514 $3,194 $27,320
2022 $8,519 $19,747 $2,754 $16,993
2021 $8,615 $20,519 $2,753 $17,766
2020 $8,821 $20,519 $2,753 $17,766
2019 $10,574 $23,000 $2,533 $20,467
2018 $10,226 $23,000 $2,533 $20,467
2017 $10,212 $23,000 $2,533 $20,467
2016 $7,506 $15,893 $2,203 $13,690
2015 $7,274 $15,893 $2,203 $13,690
2014 $7,119 $15,893 $2,203 $13,690
2013 $7,423 $18,453 $2,203 $16,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10386774

Midwest Real Estate Data (MRED)