NOT LISTED FOR SALE

7230 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft

Last Sold November 01, 2021

Last sale price $300,000

28 Days on Market

Highlights

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

About This Home

As of November 2021

Excellent Investment opportunity...4 Unit Apartment Building. Three 2 bedroom units and one 1 bedroom unit. Fully occupied. Property in good condition with one unit recently remodeled. Newer flooring in 3 of the 4 units! 5 electric Meters and 5 Gas meters. Seller provides heat. All appliances stay including coin operated washer and dryer. Parking for four cars in rear of property. Great location near Archer and I-55.

Last Agent to Sell the Property

Bill Erdman

Century 21 Circle License #471002507 Listed on: 08/15/2021

Century 21 Circle

Last Buyer's Agent

Terrie Whittaker

Redfin Corporation License #471017483

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,433

Year Built

  • Built in 1963

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Baseboard Heating
  • 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

$7,433

Year Built

Built in 1963

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • 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
  • Room Type: Utility Room-1st Floor
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

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

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 7433.22
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

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
11/01/2021 11/01/21 Sold $300,000 +3.5% --
09/14/2021 09/14/21 Pending -- -- --
09/09/2021 09/09/21 For Sale -- -- --
08/21/2021 08/21/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $289,900 -- --
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 $11,212 $32,000 $3,081 $28,919
2024 $11,212 $32,000 $3,081 $28,919
2023 $8,799 $32,000 $3,081 $28,919
2022 $8,799 $20,394 $2,656 $17,738
2021 $8,563 $20,394 $2,656 $17,738
2020 $7,433 $20,394 $2,656 $17,738
2019 $9,801 $24,749 $2,443 $22,306
2018 $9,476 $24,749 $2,443 $22,306
2017 $9,490 $24,749 $2,443 $22,306
2016 $6,149 $15,517 $2,125 $13,392
2015 $5,901 $15,517 $2,125 $13,392
2014 $6,507 $17,095 $2,125 $14,970
2013 $6,362 $18,445 $2,125 $16,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11190420

Midwest Real Estate Data (MRED)
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