Seller's Agent in 2023
Gerardo Amaro
Chicagoland Brokers Inc.
(773) 791-2768
1 in this area
51 Total Sales
7208 Park Ave Summit, IL 60501
7
Beds
4
Baths
--
Sq Ft
3,485
Sq Ft Lot
About This Home
As of December 2023Great investment rental property. 4-unit brick building 100% occupied. Very well maintained by its owner. Check out the rental income! Owner pays for heat, water and scavenger but laundry's income balances out the expenses. Every unit has window a/c. New water heater installed June 2019. Brand new furnace. No need to do anything. Tenants pay for electric and cooking gas. Close to I55 & Harlem Ave & Archer Ave. Just get it and start collecting rent.
Last Agent to Sell the Property
Chicagoland Brokers Inc. License #475142736 Listed on: 10/23/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,642
Year Built
- Built in 1964
Lot Details
- 3,485
Home Design
- Brick Exterior Construction
- Brick Foundation
- Slab Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Parking
- 4 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Ceiling Fan
- 3,485 Sq Ft Lot
Community Details
Overview
- 4 Units
- 4 Unit Building
Building Details
- Gross Income $59,100
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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
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/07/2023 12/07/23 | Sold | $415,500 | +3.9% | -- | |
| 10/27/2023 10/27/23 | Pending | -- | -- | -- | |
| 10/23/2023 10/23/23 | Price Changed | $399,900 | +100125.6% | -- | |
| 10/23/2023 10/23/23 | For Sale | $399 | -99.9% | -- | |
| 10/07/2021 10/07/21 | Sold | $290,000 | -3.0% | -- | View Prior Sale |
| 07/14/2021 07/14/21 | Pending | -- | -- | -- | |
| 07/09/2021 07/09/21 | For Sale | $299,000 | +51.8% | -- | |
| 11/16/2018 11/16/18 | Sold | $197,000 | -8.6% | -- | View Prior Sale |
| 09/25/2018 09/25/18 | Pending | -- | -- | -- | |
| 09/25/2018 09/25/18 | For Sale | $215,500 | +9.4% | -- | |
| 09/24/2018 09/24/18 | Off Market | $197,000 | -- | -- | |
| 09/11/2018 09/11/18 | For Sale | $215,500 | -- | -- |
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 | $10,511 | $30,000 | $2,784 | $27,216 |
| 2024 | $10,511 | $30,000 | $2,784 | $27,216 |
| 2023 | $8,642 | $30,000 | $2,784 | $27,216 |
| 2022 | $8,642 | $20,032 | $2,400 | $17,632 |
| 2021 | $8,410 | $20,031 | $2,400 | $17,631 |
| 2020 | $8,611 | $20,031 | $2,400 | $17,631 |
| 2019 | $9,936 | $21,612 | $2,208 | $19,404 |
| 2018 | $9,609 | $21,612 | $2,208 | $19,404 |
| 2017 | $9,596 | $21,612 | $2,208 | $19,404 |
| 2016 | $4,558 | $9,650 | $1,920 | $7,730 |
| 2015 | $4,417 | $9,650 | $1,920 | $7,730 |
| 2014 | $4,323 | $9,650 | $1,920 | $7,730 |
| 2013 | $7,410 | $18,422 | $1,920 | $16,502 |
Source: Public Records
Agents Affiliated with this Home
-
Gerardo Amaro
-
Sergio Moreno
Buyer's Agent in 2023
Sergio Moreno
Solutions Realty & Assoc LLC
(708) 268-7059
1 in this area
39 Total Sales
-
E
Seller's Agent in 2021
Elizabeth Rios Martinez
Berkshire Hathaway HomeServices Chicago
-
David Bovyn
Seller's Agent in 2018
David Bovyn
Chicago Style
(630) 878-8986
16 Total Sales
-
Pearce Lashmett
Buyer's Agent in 2018
Pearce Lashmett
Berkshire Hathaway HomeServices Chicago
(312) 731-1800
69 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11914136
APN: 18-12-404-022-0000
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