NOT LISTED FOR SALE

7222 Park Ave Summit, IL 60501

7 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold June 30, 2025

Last sale price $420,000

6 Days on Market

Highlights

  • 0.25 Acre Lot
  • Ceiling Fan
  • Heating System Uses Steam
  • Argo Community High School Rated A-
  • Baseboard Heating
  • Paved or Partially Paved Lot

About This Home

As of June 2025

Rare investment Opportunity Alert! Here's your chance to own a money-maker in Summit! 4-Unit Property, 7-Bedrooms, 4-Bathrooms, 4 Parking spaces in the back of the building and Coins laundry room. Fully Occupied - Stable Income Stream Don't miss out on this incredible investment! Contact your local realtor today for more information or to schedule a private tour. Act fast-opportunities like this don't last long!

Last Agent to Sell the Property

Emmanuel Nevarez

Midwest SignatureProperties Co License #471022885 Listed on: 12/10/2024

Last Buyer's Agent

Angel Ontiveros

RE/MAX Mi Casa License #475192434

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,861

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • TV Antenna

Community Details

  • 4 Units
  • 4 Flat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,861

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: TV Antenna, CO Detectors, Ceiling Fan(s)
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: None, On Site, Other
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Baseboard
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 10861.23
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat
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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
06/30/2025 06/30/25 Sold $420,000 +9.1% --
12/16/2024 12/16/24 Pending -- -- --
12/10/2024 12/10/24 For Sale $385,000 +40.0% --
11/18/2019 11/18/19 Sold $275,000 -3.1% -- View Prior Sale
10/04/2019 10/04/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $283,900 -- --
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
2025 $10,862 $31,000 $2,784 $28,216
2024 $10,862 $31,000 $2,784 $28,216
2023 $8,643 $31,000 $2,784 $28,216
2022 $8,643 $20,033 $2,400 $17,633
2021 $8,411 $20,033 $2,400 $17,633
2020 $8,612 $20,033 $2,400 $17,633
2019 $6,156 $16,820 $2,208 $14,612
2018 $5,951 $16,820 $2,208 $14,612
2017 $8,467 $22,445 $2,208 $20,237
2016 $6,052 $15,312 $1,920 $13,392
2015 $5,808 $15,312 $1,920 $13,392
2014 $5,708 $15,312 $1,920 $13,392
2013 $4,946 $14,925 $1,920 $13,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12254382

Midwest Real Estate Data (MRED)