NOT LISTED FOR SALE

5328 S 73rd Ct Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold December 08, 2020

Last sale price $275,000

4 Days on Market

Highlights

  • First Floor Utility Room
  • Paved or Partially Paved Lot
  • 5-minute walk to Hanover Park
  • Argo Community High School Rated A-

About This Home

As of December 2020

COMPLIMENT YOUR INVESTMENT PORTFOLIO WITH THIS WELL MAINTAINED BRICK 4 UNIT LOCATED ON QUIET SIDE STREET FAR FROM NOISE & TRAFFIC YET WITHIN MINUTES FROM ALL NEARBY CONVENIENCES, SHOPPING, RESTAURANTS & WITH EASY ACCESS TO I-55. TENANTS PAY COOKING GAS & ELECTRIC. LIVE IN ONE AND RENT THE REST (ONE BEDROOM APARTMENT CURRENTLY VACANT & READY TO MOVE-INTO RIGHT AWAY) OR RENT ALL & WATCH YOUR MONEY GROW! RECENT IMPROVEMENT INCLUDE 6 YEAR OLD ROOF, ALL NEWER WINDOWS 3-6 YEARS OLD. HURRY AS THIS OPPORTUNITY WON'T LAST! **MULTIPLE OFFERS RECEIVED - HIGHEST AND BEST DUE BY 9AM MONDAY 9-14-20.**

Last Agent to Sell the Property

Thomas Domasik

RE/MAX 10 in the Park License #475129362 Listed on: 09/11/2020

RE/MAX 10 in the Park

Last Buyer's Agent

John Palomo

Coldwell Banker Realty License #475141680

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,797

Year Built

  • Built in 1963

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Lot Details

  • Lot Dimensions are 32x123
  • Paved or Partially Paved Lot

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $352
  • Fuel Expense $1,843
  • Insurance Expense $1,150
  • Trash Expense $730
  • Water Sewer Expense $1,653
  • Gross Income $35,040
  • Net Operating Income $29,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,797

Year Built

Built in 1963

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • 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
  • Other Equipment: TV-Cable
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Alley Access
  • ParkingTotal: 4
  • 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: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 730
  • Water Sewer Expenses: 1653

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Dimensions: 32X123
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 29312
  • Fuel Expense: 1843
  • Insurance Expense: 1150
  • ElectricExpense: 352
  • GrossIncome: 35040
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9796.52
  • Tax Year: 2019
  • 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
12/08/2020 12/08/20 Sold $275,000 -8.3% --
09/15/2020 09/15/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $299,873 -- --
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 $10,416 $29,728 $2,854 $26,874
2024 $10,416 $29,728 $2,854 $26,874
2023 $9,039 $29,728 $2,854 $26,874
2022 $9,039 $20,950 $2,460 $18,490
2021 $8,796 $20,950 $2,460 $18,490
2020 $9,006 $20,950 $2,460 $18,490
2019 $9,797 $21,309 $2,263 $19,046
2018 $9,474 $21,309 $2,263 $19,046
2017 $9,461 $21,309 $2,263 $19,046
2016 $8,456 $17,905 $1,968 $15,937
2015 $8,195 $17,905 $1,968 $15,937
2014 $8,020 $17,905 $1,968 $15,937
2013 $7,782 $19,347 $1,968 $17,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10854062

Midwest Real Estate Data (MRED)
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