NOT LISTED FOR SALE

6151 S 76th Ave Summit, IL 60501

10 Beds
6 Baths
-- Sq Ft
1962 Built

Last Sold March 01, 2024

Last sale price $550,000

13 Days on Market

Highlights

  • Corner Lot
  • Argo Community High School Rated A-
  • Central Heating

About This Home

As of March 2024

Large brick corner 6 flat. Good cashflow. Great Summit location. Parking in rear. Well maintained. Fully occupied. Many long-term tenants. Four 2-bedroom and two 1-bedroom good sized units. Updated and remodeled. New roof 2019, windows replaced 2012, building plumbing inspected in 2018, tuck-pointing 2016, new smoke detectors in common areas installed in 2019, exhaust fans in every unit, kitchens garbage disposals added 2017, updated bathrooms 2019, attic insulated 2015, ceramic tiled basement floor, plumbing maintained and updated. Landscaping. Exterior faucet and interior shut off valve replaced. Turnkey operation. Close to transportation, parks, schools, and shopping.

Last Agent to Sell the Property

Kenneth Marier

Berkshire Hathaway HomeServices Chicago License #475146174 Listed on: 11/21/2023

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Abena Sasu

Baird & Warner License #475184603

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,006

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 36x125
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $480
  • Fuel Expense $2,400
  • Insurance Expense $3,600
  • Other Expense $1,200
  • Trash Expense $840
  • Water Sewer Expense $3,000
  • Operating Expense $12,120
  • Gross Income $71,160
  • Net Operating Income $44,034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,006

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 550000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 840
  • Water Sewer Expenses: 3000
  • Janitor Expense: 600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 36X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 44034
  • Fuel Expense: 2400
  • Insurance Expense: 3600
  • ElectricExpense: 480
  • GrossIncome: 71160
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 12120
  • Expense Year: 2022
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15006
  • Tax Year: 2021

Range of Values:

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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 Change Sq Ft Price
03/01/2024 03/01/24 Sold $550,000 0.0% --
12/05/2023 12/05/23 Pending -- -- --
11/21/2023 11/21/23 For Sale $550,000 +38.9% --
07/08/2020 07/08/20 Sold $396,000 -9.8% --
05/10/2020 05/10/20 Pending -- -- --
04/26/2020 04/26/20 Price Changed $439,000 -1.3% --
03/03/2020 03/03/20 For Sale $445,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11927988

Midwest Real Estate Data (MRED)