NOT LISTED FOR SALE

7230 Park Ave Summit, IL 60501

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

Sale Details

Date Sold: November 1, 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

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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11190420

Midwest Real Estate Data (MRED)
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