NOT LISTED FOR SALE

7213 Park Ave Summit, IL 60501

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

Sale Details

Date Sold: December 30, 2022

Last sale price $330,000

7 Days on Market

Highlights

  • First Floor Utility Room
  • Argo Community High School Rated A-
  • Baseboard Heating

About This Home

As of December 2022

Solid 4 unit building, strong investment opportunity. Fully occupied. Each unit newer individual boilers and separate utilities, makes for easy financials. Parking spots for tenants. 3 units- 2beds/1bath. 1 unit- 1bed/1bath.

Last Agent to Sell the Property

Mark Paliliunas

Real Property Management License #475163300 Listed on: 10/27/2022

Last Buyer's Agent

Abraham Perez

Real People Realty License #475200674

Real People Realty
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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,325

Year Built

  • Built in 1963

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 32x125

Home Design

  • Brick Exterior Construction

Interior Spaces

  • First Floor Utility Room
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Schools

  • Argo Community High School

Utilities

  • Baseboard Heating

Community Details

  • 4 Units
  • 4 Flat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,325

Year Built

Built in 1963

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: 1963
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Public

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 32X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Heat

Tax Info

  • Tax Annual Amount: 8325.39
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Dec 30, 2022
Sold by
Gih 7213 Park Avenue Llc
Bought by
Seller's Agent
Mark Paliliunas
Real Property Management
Buyer's Agent
Abraham Perez
Real People Realty
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,022
Outstanding Balance
$307,271
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 21, 2021
Sold by
Davila Huracio and Torres Erica
Bought by
Gih 7231 Park Avenue Llc
Seller's Agent
Mireya Rogoz-Bedore
Village Realty, Inc.
Buyer's Agent
David Dominguez
Realty of America, LLC
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.00%

Purchase Details

Closed on
Sep 30, 2013
Sold by
Vallin Robert R and Vallin Jane B
Bought by
Devila Horacio and Torres Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,250
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Summit, IL

See All Agents

Purchase 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 Buyer Sale Price Title Company
$330,000 None Listed On Document
Gih 7231 Park Avenue Llc $335,000 Fidelity National Title Co
Devila Horacio $91,000 Fidelity National Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $324,022
Previous Owner Gih 7213 Park Avenue Llc $350,000
Closed Devila Horacio $68,250
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
12/30/2022 12/30/22 Sold $330,000 -2.7% --
11/04/2022 11/04/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $339,000 +1.2% --
07/01/2021 07/01/21 Sold $335,000 -4.3% -- View Prior Sale
06/03/2021 06/03/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $350,000 -- --
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 $2,946 $28,054
2024 $10,861 $31,000 $2,946 $28,054
2023 $8,657 $31,000 $2,946 $28,054
2022 $8,657 $20,065 $2,540 $17,525
2021 $8,425 $20,065 $2,540 $17,525
2020 $8,625 $20,065 $2,540 $17,525
2019 $8,325 $18,109 $2,336 $15,773
2018 $9,375 $21,085 $2,336 $18,749
2017 $9,362 $21,085 $2,336 $18,749
2016 $6,118 $12,954 $2,032 $10,922
2015 $7,542 $16,477 $2,032 $14,445
2014 $7,381 $16,477 $2,032 $14,445
2013 $6,827 $16,972 $2,032 $14,940
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: 11661686

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.