NOT LISTED FOR SALE

7218 Park Ave Summit, IL 60501

Summit Area
7 Beds
8 Baths
-- Sq Ft
1964 Built

Sale Details

Date Sold: February 7, 2017

Last sale price $132,000

31 Days on Market

Highlights

  • Traditional Architecture
  • First Floor Utility Room
  • Paved or Partially Paved Lot
  • Argo Community High School Rated A-
  • Baseboard Heating

About This Home

As of February 2017

GREAT BUY*4 UNITS, 3 -2 bedrooms each unit, 1-1 bedroom- Building needs some polishing but could be good income producer. Two exits/entrances. Laundry room for extra income. Hardwood floors. Short sale subject to lender approval.

Last Agent to Sell the Property

Rayed Yasin

ELLSBURY GROUP LLC License #471007977 Listed on: 12/28/2015

Last Buyer's Agent

Sundus Madi

Victory Lane Realty LLC License #475142459

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Unassigned Parking

Lot Details

  • Lot Dimensions are 30x120
  • Paved or Partially Paved Lot

Additional Features

  • First Floor Utility Room
  • Baseboard Heating

Community Details

  • 4 Units
  • 4 Flat

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 7
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: None

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 7642.08
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,3 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

Closed on
Feb 18, 2022
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,500
Interest Rate
0.0337%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2015
Closed on
Feb 8, 2017
Sold by
Bought by
Seller's Agent
Rayed Yasin
ELLSBURY GROUP LLC
Buyer's Agent
Sundus Madi
Victory Lane Realty LLC
List Price
$120,000
Sold Price
$132,000
Premium/Discount to List
$12,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
0.0375%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 28, 2015
Closed on
Feb 7, 2017
Sold by
Bought by
Seller's Agent
Rayed Yasin
ELLSBURY GROUP LLC
Buyer's Agent
Sundus Madi
Victory Lane Realty LLC
List Price
$120,000
Sold Price
$132,000
Premium/Discount to List
$12,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
0.0375%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
0.0487%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
0.0565%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
0.0607%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- --
-- Chicago Title
-- Attorney
$132,000 Citywide Title Corporation
$337,000 First American Title Ins Co
$295,000 Ticor Title
$245,000 Git
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
Previous Owner $216,500
Closed $151,900
Closed $269,600
Closed $236,000
Closed $196,000
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
02/07/2017 02/07/17 Sold $132,000 +10.0% --
01/28/2016 01/28/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $120,000 -- --
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 $10,183 $29,062 $2,784 $26,278
2024 $10,183 $29,062 $2,784 $26,278
2023 $8,643 $29,062 $2,784 $26,278
2022 $8,643 $20,033 $2,400 $17,633
2021 $8,411 $20,032 $2,400 $17,632
2020 $8,611 $20,032 $2,400 $17,632
2019 $8,896 $19,350 $2,208 $17,142
2018 $8,603 $19,350 $2,208 $17,142
2017 $10,335 $23,278 $2,208 $21,070
2016 $8,058 $17,061 $1,920 $15,141
2015 $7,809 $17,061 $1,920 $15,141
2014 $7,642 $17,061 $1,920 $15,141
2013 $7,410 $18,422 $1,920 $16,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09106459

Midwest Real Estate Data (MRED)
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