NOT LISTED FOR SALE

7225 W 63rd St Summit, IL 60501

Estimated Value: $127,000

0.67 Acre
$189,552 Price per Acre
29,185 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $850,000

Current estimated payment $766/month

1,154 Days on Market

About This Lot

As of February 2023

12 Lots steps from the corner of 63rd and Harlem in Summit, IL. Great land lease, build to suit or development parcel. Inquire for more information.

Last Agent to Sell the Property

Ian Feinerman

@properties Commercial License #475124617 Listed on: 10/22/2019

@properties Commercial

Co-Listed By

Michael Weber

@properties Commercial

Last Buyer's Agent

Melodi Biggane

RE/MAX 10 License #475184657

RE/MAX 10

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,050

Lot Details

Additional Features

  • Lot Dimensions are 300x125
  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$4,050

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Other
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric Nearby, Gas Nearby, Water-Community

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 300X125
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 4050
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Feb 17, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Board Of Education Of Argo Community High Sch
Seller's Agent
Ian Feinerman
@properties Commercial
Buyer's Agent
Melodi Biggane
RE/MAX 10
List Price
$1,400,000
Sold Price
$850,000
Premium/Discount to List
-$550,000
-39.29%
Current Estimated Value
$127,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$723,000
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

Date Buyer Sale Price Title Company
Board Of Education Of Argo Community High Sch -- Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $850,000 -15.0% --
12/19/2022 12/19/22 Pending -- -- --
07/21/2020 07/21/20 Price Changed $999,900 -16.7% --
01/08/2020 01/08/20 Price Changed $1,199,900 -14.3% --
10/22/2019 10/22/19 For Sale $1,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $1,287 -- -- --
2024 $1,287 -- -- --
2023 $1,585 $3,674 $3,480 $194
2022 $1,585 $3,674 $3,480 $194
2021 $1,542 $3,673 $3,480 $193
2020 $1,496 $3,480 $3,480 $0
2019 $4,999 $10,873 $7,612 $3,261
2018 $6,270 $14,102 $7,612 $6,490
2017 $6,247 $14,070 $7,612 $6,458
2016 $4,024 $8,521 $6,887 $1,634
2015 $6,893 $15,059 $6,887 $8,172
2014 $6,745 $15,059 $6,887 $8,172
2013 $5,805 $14,431 $6,887 $7,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10555059

Midwest Real Estate Data (MRED)

APN: 18-24-203-015-0000