Reginald Patterson
eXp Realty
(773) 830-6144
101 Total Sales
1 in Summit
$305,000 Price
6004 S Archer Rd Summit, IL 60501
Summit Area
6
Beds
4
Baths
--
Sq Ft
1965
Built
Highlights
- Laundry Room
- Storage Room
- Heating System Uses Steam
- Argo Community High School Rated A-
- Baseboard Heating
About This Home
As of September 2021ATTENTION ALL INVESTORS, GREAT SOLID BRICK 6 UNIT BUILDING, GREAT INCOME, LONG-LONG TERM TENANTS. 4 (2) BEDROOM AND 2 (1) BEDROOM. BRAND NEW BOILER, BRAND NEW RADIATORS, VERY WELL MAINTAINED AND MANAGED BUILDING. AVERAGE TENANT BEEN THERE OVER 7 YEARS. TAXES BEEN APPEALED AND CONTESTED. FULLY OCCUPIED, GREAT LOCATION NEAR HIGHWAYS. THE RENTS ARE BASED ON LONG TERM TENANTS, RENTS CAN BE WAY HIGHER.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,679
Year Built
- Built in 1965
Home Design
- Brick Exterior Construction
- Pitched Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Laundry Room
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Finished Basement
- Exterior Basement Entry
- Rough-In Basement Bathroom
- Basement Window Egress
Lot Details
- Lot Dimensions are 60x125
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Steam
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $30
- Fuel Expense $2,800
- Insurance Expense $210
- Trash Expense $150
- Water Sewer Expense $220
- Gross Income $54,600
- Net Operating Income $36,700
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 10, 2021
Closed on
Sep 8, 2021
Sold by
Bought by
Seller's Agent
Rima Odeh
Infiniti Properties, Inc.
Buyer's Agent
Rima Odeh
Infiniti Properties, Inc.
List Price
$449,900
Sold Price
$435,000
Premium/Discount to List
-$14,900
-3.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$290,978
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 22, 2016
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Summit, IL
-
Reginald Patterson
-
Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
(866) 598-2035
89 Total Sales
1 in Summit
$345,000 Price
-
George Venturella
George Venturella
Century 21 Circle
(708) 505-7886
172 Total Sales
1 in Summit
$247,500 Price
-
Sandy Ortiz-Ramirez
Sandy Ortiz-Ramirez
Realty of America, LLC
(773) 572-0782
144 Total Sales
1 in Summit
$565,000 Price
-
Michael Kozuchowski
Michael Kozuchowski
Century 21 S.G.R., Inc.
(872) 250-5498
55 Total Sales
1 in Summit
$225,000 Price
-
Araceli Montalvo
Araceli Montalvo
Extreme Realty LLC
(312) 818-3983
40 Total Sales
1 in Summit
$345,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $435,000 | Attorney | ||
| $355,000 | Old Republic Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $326,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/08/2023 08/08/23 | For Rent | -- | -- | -- |
| 07/13/2023 07/13/23 | For Rent | -- | -- | -- |
| 06/19/2023 06/19/23 | For Rent | -- | -- | -- |
| 03/11/2023 03/11/23 | For Rent | -- | -- | -- |
| 09/09/2021 09/09/21 | Sold | $435,000 | -3.3% | -- |
| 03/14/2021 03/14/21 | Pending | -- | -- | -- |
| 03/10/2021 03/10/21 | For Sale | $449,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,365 | $41,000 | $3,467 | $37,533 |
| 2024 | $14,365 | $41,000 | $3,467 | $37,533 |
| 2023 | $8,369 | $41,000 | $3,467 | $37,533 |
| 2022 | $8,369 | $19,398 | $2,989 | $16,409 |
| 2021 | $8,144 | $19,397 | $2,988 | $16,409 |
| 2020 | $8,338 | $19,397 | $2,988 | $16,409 |
| 2019 | $15,144 | $32,940 | $2,749 | $30,191 |
| 2018 | $14,645 | $32,940 | $2,749 | $30,191 |
| 2017 | $14,625 | $32,940 | $2,749 | $30,191 |
| 2016 | $9,064 | $19,191 | $2,391 | $16,800 |
| 2015 | $8,784 | $19,191 | $2,391 | $16,800 |
| 2014 | $8,596 | $19,191 | $2,391 | $16,800 |
| 2013 | $8,447 | $21,000 | $2,391 | $18,609 |
Source: Public Records
Agents Affiliated with this Home
-
Rima Odeh
Seller's Agent in 2021
Rima Odeh
Infiniti Properties, Inc.
(708) 856-5100
150 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11017041
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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