NOT LISTED FOR SALE

7202 W 53rd St Summit, IL 60501

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

Sale Details

Date Sold: November 9, 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

3,920 Sq Ft Lot

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

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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10820173

Midwest Real Estate Data (MRED)
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