NOT LISTED FOR SALE

7222 Park Ave Summit, IL 60501

7 Beds
3 Baths
-- Sq Ft
0.25 Acres Lot

Sale Details

Date 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

  • 10,890 Sq Ft 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

0.25 Acres

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
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $10,862 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12254382

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.