NOT LISTED FOR SALE

7208 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 07, 2023

Last sale price $415,500

3 Days on Market

About This Home

As of December 2023

Great 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

Gerardo Amaro

Chicagoland Brokers Inc. License #475142736 Listed on: 10/23/2023

Chicagoland Brokers Inc.

Last Buyer's Agent

Sergio Moreno

Solutions Realty & Assoc LLC License #475106091

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,642

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Brick/Mortar
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 0
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 59100
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8642.44
  • Tax Year: 2022
  • Tax Exemptions: None

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gerardo Amaro

    Seller's Agent in 2023

    Gerardo Amaro

    Chicagoland Brokers Inc.

    (773) 791-2768

    1 in this area

    51 Total Sales

    Gerardo Amaro
    Section Image
  • Sergio Moreno

    Buyer's Agent in 2023

    Sergio Moreno

    Solutions Realty & Assoc LLC

    (708) 268-7059

    1 in this area

    39 Total Sales

    Sergio Moreno
    Section Image
  • Elizabeth Rios Martinez

    Seller's Agent in 2021

    Elizabeth Rios Martinez

    Berkshire Hathaway HomeServices Chicago

    (310) 497-9160

    1 in this area

    80 Total Sales

    Elizabeth Rios Martinez
    Section Image
  • David Bovyn

    Seller's Agent in 2018

    David Bovyn

    Chicago Style

    (630) 878-8986

    16 Total Sales

    David Bovyn
    Section Image
  • Pearce Lashmett

    Buyer's Agent in 2018

    Pearce Lashmett

    Berkshire Hathaway HomeServices Chicago

    (312) 731-1800

    70 Total Sales

    Pearce Lashmett
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11914136

Midwest Real Estate Data (MRED)

APN: 18-12-404-022-0000

Illinois Cook County Summit 60501

7208 Park Ave, Summit, IL

Not Listed for Sale

MultiFamily

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