NOT LISTED FOR SALE

7202 W 53rd St Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 09, 2020

Last sale price $287,500

46 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • Heating System Uses Steam
  • Argo Community High School Rated A-

About This Home

As of November 2020

Do not miss this Investment opportunity... they are selling quick! 4 Unit building available, fully rented! ***Cornet building (easy to rent). 3 units are 2Bedrooms / 1 Bath, 1 unit 1Bedroom / 1 Bath. All units are in very good condition with mechanical and laundry facilities in the building. Large parking area for 5 cars.

Last Agent to Sell the Property

Edgar R. Guerrero

REMAX Legends License #475159071 Listed on: 08/16/2020

REMAX Legends

Last Buyer's Agent

Mireya Rogoz-Bedore

Village Realty, Inc. License #475128092

Village Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,207

Year Built

  • Built in 1963

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 46.5 x125
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Location

  • Property is near park

Schools

  • Dr Donald Wharton Elementary Sch
  • Heritage Middle School
  • Argo Community High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $284
  • Fuel Expense $1,265
  • Insurance Expense $1,744
  • Trash Expense $360
  • Water Sewer Expense $820
  • Gross Income $33,600
  • Net Operating Income $21,964

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,207

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • 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
  • Basement Description: None
  • 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: Brick/Mortar, Concrete Perimeter
  • Lot Features: Corner Lot, Park Adjacent
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 360
  • Water Sewer Expenses: 820
  • Other Expenses $: 240

Schools

  • Elementary School: Dr Donald Wharton Elementary Sch
  • High School: Argo Community High School
  • Middle/Junior School: Heritage Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 46.5 X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 21964
  • Fuel Expense: 1265
  • Insurance Expense: 1744
  • ElectricExpense: 284
  • GrossIncome: 33600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9207
  • 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
11/09/2020 11/09/20 Sold $287,500 -0.8% --
10/01/2020 10/01/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $289,900 0.0% --
08/24/2020 08/24/20 Pending -- -- --
08/16/2020 08/16/20 For Sale $289,900 -- --
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 $11,212 $32,000 $4,241 $27,759
2024 $11,212 $32,000 $4,241 $27,759
2023 $7,752 $32,000 $4,241 $27,759
2022 $7,752 $21,388 $3,656 $17,732
2021 $7,582 $21,388 $3,656 $17,732
2020 $9,194 $21,388 $3,656 $17,732
2019 $9,208 $20,028 $3,363 $16,665
2018 $8,905 $20,028 $3,363 $16,665
2017 $9,989 $22,499 $3,363 $19,136
2016 $7,845 $16,610 $2,925 $13,685
2015 $7,602 $16,610 $2,925 $13,685
2014 $7,440 $16,610 $2,925 $13,685
2013 $7,451 $18,524 $2,925 $15,599
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10820173

Midwest Real Estate Data (MRED)
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