NOT LISTED FOR SALE

7204 W 53rd St Summit, IL 60501

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

Last Sold February 26, 2021

Last sale price $265,000

6 Days on Market

About This Home

As of February 2021

Brick 4flat in Very Good Condition, Well Maintained and w/ Solid Tenants. 3 Units w/ 2bdrms, 1 Unit w/ 1bdrm, Tenants Pay for Cooking Gas/Electric. 1 of the 2bdrm units is vacant and listed for rent and will most likely have a tenant by Feb 1, 2021.Turnkey Rental, Low Maintenance, in Great Rental Location, Easy to Rent. Just passed Safety Inspection w/ the Village of Summit, nothing left to do. Coin Operated Laundry Facilities in building, brings extra income. Priced at Market, Make an Offer Today!

Last Agent to Sell the Property

Joseph Hubeny

Hubeny Realty Inc License #471008120 Listed on: 01/13/2021

Co-Listed By

Jim Hubeny

Hubeny Realty Inc License #475157542

Last Buyer's Agent

Chasty Chapas

Cucci Realty License #475173784

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 3,920

Parking

  • Parking Available

Home Design

  • Brick Exterior Construction

Utilities

  • Hot Water Heating System
  • Lake Michigan Water

Community Details

  • Fuel Expense $1,265
  • Net Operating Income $21,964

Listing and Financial Details

  • $7,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • Age: 51-60 Years
  • Full Bathrooms: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 4
  • Zoning Type: MULTI
  • Estimated Year Built: 1964
  • Other Addl Income: Coin Laundry
  • Type Multi: 4 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Number Of Rooms: 15
  • Bedrooms All Levels: 7
  • Above Grade Bedrooms: 7

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.09

Garage/Parking

  • Number of Cars: 4
  • Parking: Space/s
  • Parking Details: None/NA
  • Number Parking Spaces: 4
  • Parking On Site: Yes

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam
  • Water Expense: 820

Fee Information

  • Electricity Expense: 284
  • Insurance Expense: 1744
  • Scavenger Fee: 360
  • Gross Expenses: 240

Schools

  • Junior High Dist: 104

Lot Info

  • Lot Dimensions: 30X122
  • Parcel Identification Number: 18124050780000

Rental Info

  • Gross Rental Income: 37200
  • Total Rental Income: 37200

Multi Family

  • Total Number Unitsin Building: 4
  • Full Baths In Building: 4
  • Net Operating Income: 21964
  • Fuel Expense: 1265

Tax Info

  • Taxes: 7758.13
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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
02/26/2021 02/26/21 Sold $265,000 -7.0% --
01/19/2021 01/19/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $285,000 -- --
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 $10,861 $31,000 $2,854 $28,146
2024 $10,861 $31,000 $2,854 $28,146
2023 $8,607 $31,000 $2,854 $28,146
2022 $8,607 $19,949 $2,460 $17,489
2021 $8,376 $19,949 $2,460 $17,489
2020 $8,576 $19,949 $2,460 $17,489
2019 $7,758 $16,875 $2,263 $14,612
2018 $9,263 $20,833 $2,263 $18,570
2017 $9,250 $20,833 $2,263 $18,570
2016 $7,777 $16,466 $1,968 $14,498
2015 $7,537 $16,466 $1,968 $14,498
2014 $7,376 $16,466 $1,968 $14,498
2013 $6,633 $16,491 $1,968 $14,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10970145

Midwest Real Estate Data (MRED)