NOT LISTED FOR SALE

5326 S 72nd Ct Summit, IL 60501

5 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 14, 2024

Last sale price $345,000

26 Days on Market

Highlights

  • Solar Power System
  • 2 Car Detached Garage
  • Baseboard Heating
  • Argo Community High School Rated A-
  • Ceiling Fan
  • Heating System Uses Steam

About This Home

As of November 2024

A prime investment opportunity is available with a 2-flat brick building for sale in Summit, Illinois. This well-maintained property features two spacious, separate units with distinct entrances, ideal for maximizing rental income. The durable brick construction not only ensures longevity but also offers appealing curb appeal and minimal upkeep. Located in a growing area with strong rental demand, this property benefits from proximity to local amenities, schools, and public transportation. With the potential for stable cash flow and long-term appreciation, this 2-flat represents a solid addition to any real estate investment portfolio.

Last Agent to Sell the Property

Araceli Montalvo

Extreme Realty LLC License #475203389 Listed on: 08/14/2024

Last Buyer's Agent

Milton Chan

MorphEasy Realty License #475189240

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,648

Year Built

  • Built in 1961

Lot Details

  • 3,920

Parking

  • 2 Car Detached Garage
  • Garage Transmitter

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Eco-Friendly Details

  • Solar Power System

Schools

  • Argo Community High School

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,648

Year Built

Built in 1961

Lot Details

3,920 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Baseboard
  • Water Source: Public

Schools

  • High School: Argo Community High School

Green Features

  • GreenEnergyEfficient: Photovoltaic/Solar System

Lot Info

  • Lot Dimensions: 3936 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 8648.46
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • 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 Prior Sale
11/14/2024 11/14/24 Sold $345,000 -1.4% --
09/09/2024 09/09/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $350,000 +27.7% --
10/19/2020 10/19/20 Sold $274,000 +1.9% -- View Prior Sale
09/02/2020 09/02/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $269,000 -- --
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 $8,648 $28,000 $2,854 $25,146
2024 $8,648 $28,000 $2,854 $25,146
2023 $7,564 $28,000 $2,854 $25,146
2022 $7,564 $20,952 $2,460 $18,492
2021 $8,797 $20,952 $2,460 $18,492
2020 $7,673 $20,952 $2,460 $18,492
2019 $6,967 $18,583 $2,263 $16,320
2018 $6,735 $18,583 $2,263 $16,320
2017 $6,752 $18,583 $2,263 $16,320
2016 $5,236 $13,584 $1,968 $11,616
2015 $6,123 $16,002 $1,968 $14,034
2014 $6,017 $16,002 $1,968 $14,034
2013 $4,272 $13,251 $1,968 $11,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12138371

Midwest Real Estate Data (MRED)
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