NOT LISTED FOR SALE

7224 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: April 28, 2025

Last sale price $450,000

7 Days on Market

About This Home

As of April 2025

4-Unit Building in Summit, IL - A Rare Opportunity! Well-maintained, this property offers excellent rental potential with each unit featuring comfortable living spaces and a shared washer/dryer. Ac window units and central heat. Conveniently located near shops, schools, restaurants, and public transportation, it's perfect for investors or owner-occupants. Exterior parking included. Whether you're looking to renovate or maintain as-is, this property fits any investment strategy. Schedule your showing today!

Last Agent to Sell the Property

Karina Hiselman

Berkshire Hathaway HomeServices Starck Real Estate License #475160708 Listed on: 02/04/2025

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Karina Hiselman

Berkshire Hathaway HomeServices Starck Real Estate License #475160708 Listed on: 02/04/2025

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,700

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Lot Details

  • Lot Dimensions are 25x125

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,700

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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • ParkingTotal: 4

Utilities

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

Schools

  • High School: Argo Community High School

Lot Info

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

Rental Info

  • Board Number: 3
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 9699.94
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat
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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
04/28/2025 04/28/25 Sold $450,000 0.0% --
02/11/2025 02/11/25 Pending -- -- --
02/10/2025 02/10/25 Off Market $450,000 -- --
02/04/2025 02/04/25 For Sale $399,900 -- --
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 $9,700 $31,000 $2,784 $28,216
2024 $9,700 $31,000 $2,784 $28,216
2023 $7,167 $31,000 $2,784 $28,216
2022 $7,167 $20,033 $2,400 $17,633
2021 $4,910 $20,033 $2,400 $17,633
2020 $9,459 $20,033 $2,400 $17,633
2019 $9,459 $24,681 $2,208 $22,473
2018 $0 $24,681 $2,208 $22,473
2017 $9,459 $24,681 $2,208 $22,473
2016 $6,878 $17,061 $1,920 $15,141
2015 $6,608 $17,061 $1,920 $15,141
2014 $6,492 $17,061 $1,920 $15,141
2013 $6,352 $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: 12283506

Midwest Real Estate Data (MRED)
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