NOT LISTED FOR SALE

7216 W 59th St Summit, IL 60501

8 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft

Last Sold September 13, 2023

Last sale price $460,000

6 Days on Market

About This Home

As of September 2023

High Class Brick 4 unit in nice area in Summit. Oversized lot with hug 3 car garage. Most luxurious 4 unit brick building in Summit. Also brings in $100/ month for laundry machines and $250.00/ month for the garage rental. LA related to seller.

Last Agent to Sell the Property

Louis Kiessling

City Life Realty License #471017244 Listed on: 07/03/2023

Last Buyer's Agent

Krzysztof Kuczaj

NowEquity Real Estate License #475164418

NowEquity Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,789

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 59x125

Parking

  • 4 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Dr Donald Wharton Elementary Sch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $57,000
  • Net Operating Income $47,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,789

Lot Details

3,049 Sq Ft Lot

Parking

4

Listing Details

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

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Other Expenses $: 9555

Schools

  • Elementary School: Dr Donald Wharton Elementary Sch
  • Middle/Junior School: Dr Donald Wharton Elementary Sch
  • Elementary School #2: DR DONALD WHARTON ELEMENTARY SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 59X125
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 47455
  • GrossIncome: 57000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12789
  • Tax Year: 2021
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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
09/13/2023 09/13/23 Sold $460,000 0.0% --
07/10/2023 07/10/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $459,900 -- --
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
2020 $8,260 $19,215 $1,953 $17,262
2019 $6,989 $15,203 $1,796 $13,407
2018 $8,010 $18,015 $1,796 $16,219
2017 $8,849 $19,930 $1,796 $18,134
2016 $6,020 $12,746 $1,562 $11,184
2015 $6,424 $14,036 $1,562 $12,474
2014 $6,287 $14,036 $1,562 $12,474
2013 $4,771 $11,862 $1,562 $10,300
Source: Public Records

Agents Affiliated with this Home

  • Louis Kiessling

    Seller's Agent in 2023

    Louis Kiessling

    City Life Realty

    (312) 927-4426

    1 in this area

    108 Total Sales

    Louis Kiessling
    Section Image
  • Krzysztof Kuczaj

    Buyer's Agent in 2023

    Krzysztof Kuczaj

    NowEquity Real Estate

    (630) 670-6642

    1 in this area

    88 Total Sales

    Krzysztof Kuczaj
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11822112

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

7216 W 59th St, Summit, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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