NOT LISTED FOR SALE

7206 Park Ave Summit, IL 60501

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

Last Sold May 05, 2023

Last sale price $330,000

7 Days on Market

Highlights

  • Corner Lot
  • Zoned Heating
  • Baseboard Heating
  • Argo Community High School Rated A-

About This Home

As of May 2023

Excellent Investment Opportunity! Convenient Summit location near Expressway and Archer Avenue! Brick 4 Unit with parking for 4 cars and a side Yard! 3 units are 4 Room 2 bedrooms and 4th unit is 3 Room with 1 Bedroom. Separate Laundry Room with coin-op washer and dryer for additional income. 2 bedrooms rent for $875 with room to grow and the 1 bedroom rents for $750. One unit currently vacant because property is for sale. 4 stoves and 4 Fridges will remain with Building. New carpeting and paint both upper units.

Last Agent to Sell the Property

Bill Erdman

Century 21 Circle License #471002507 Listed on: 03/06/2023

Century 21 Circle

Last Buyer's Agent

Angel Ontiveros

RE/MAX Mi Casa License #475192434

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,300

Year Built

  • Built in 1976

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 32 x 121
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Parking

  • 4 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,300

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Alley Access
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 32 X 121
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 8299.89
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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 Prior Sale
05/05/2023 05/05/23 Sold $330,000 -2.9% --
03/14/2023 03/14/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $339,900 +27.5% --
11/13/2020 11/13/20 Sold $266,500 +0.6% -- View Prior Sale
09/10/2020 09/10/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $265,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bill Erdman

    Seller's Agent in 2023

    Bill Erdman

    Century 21 Circle

    (312) 391-0630

    2 in this area

    153 Total Sales

    Bill Erdman
    Section Image
  • Angel Ontiveros

    Buyer's Agent in 2023

    Angel Ontiveros

    RE/MAX

    4 in this area

    16 Total Sales

    Angel Ontiveros
    Section Image
  • Robert Findlay

    Seller's Agent in 2020

    Robert Findlay

    Findlay Real Estate Group Inc

    (815) 317-5316

    359 Total Sales

    Robert Findlay
    Section Image
  • Valerie Findlay

    Seller Co-Listing Agent in 2020

    Valerie Findlay

    Findlay Real Estate Group Inc

    (630) 730-4315

    185 Total Sales

    Valerie Findlay
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11731241

Midwest Real Estate Data (MRED)
Illinois Cook County Summit 60501

7206 Park Ave, Summit, IL

Not Listed for Sale

MultiFamily

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