NOT LISTED FOR SALE

7206 Park Ave Summit, IL 60501

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

Sale Details

Date Sold: May 5, 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

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: 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 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

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 $10,861 $31,000 $2,841 $28,159
2024 $10,861 $31,000 $2,841 $28,159
2023 $8,529 $31,000 $2,841 $28,159
2022 $8,529 $19,768 $2,449 $17,319
2021 $8,300 $19,768 $2,449 $17,319
2020 $8,498 $19,768 $2,449 $17,319
2019 $8,452 $18,385 $2,253 $16,132
2018 $8,174 $18,385 $2,253 $16,132
2017 $10,309 $23,218 $2,253 $20,965
2016 $7,426 $15,723 $1,959 $13,764
2015 $7,196 $15,723 $1,959 $13,764
2014 $7,043 $15,723 $1,959 $13,764
2013 $6,940 $17,253 $1,959 $15,294
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11731241

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.