$680,000
SOLD AUG 28, 2026

6200 S Harlem Ave Summit, IL 60501

Summit Area
-- Beds
-- Baths
-- Sq Ft
1961 Built

Sale Details

Date Sold: August 28, 2026

3% Below List Price

13 Days on Market

About This Home

As of August 2026

Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!

Last Agent to Sell the Property

Ewelina Siuta

eXp Realty Brokerage Phone: (773) 577-4297 License #475178280 Listed on: 04/16/2026

eXp Realty

Last Buyer's Agent

Dan Nelson

Compass License #475189264

Compass
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,750

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 57x72
  • Additional Parcels

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,100
  • Fuel Expense $1,800
  • Insurance Expense $3,000
  • Trash Expense $900
  • Water Sewer Expense $900
  • Operating Expense $7,700
  • Gross Income $5,100
  • Net Operating Income $49,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,750

Year Built

Built in 1961

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (773) 577-4297
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 900
  • Water Sewer Expenses: 900

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 57x72

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 49200
  • Fuel Expense: 1800
  • Insurance Expense: 3000
  • ElectricExpense: 1100
  • GrossIncome: 5100
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 7700
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 10750
  • Tax Year: 2023

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
08/28/2026 08/28/26 Sold $680,000 -2.9% --
04/29/2026 04/29/26 Pending -- -- --
04/16/2026 04/16/26 For Sale $700,000 -- --
Source: Midwest Real Estate Data (MRED)

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12621225

Midwest Real Estate Data (MRED)
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