NOT LISTED FOR SALE

7234 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold October 16, 2023

Last sale price $370,000

3 Days on Market

About This Home

As of October 2023

Great Investment opportunity. All four Apartments are remodeled and in great condition. 3 are two bedrooms and 1 is a one bedroom. Each apartment has a parking space at the rear of the building. Each unit was remodeled approximately 3 years ago. Improvements include new kitchen cabinets with granite countertops, new hardwood floors, remodeled bathrooms, newer appliances. Additionally, the radiator boiler was professionally installed 3 to 4 years ago. You need to see it in person to appreciate the true condition of each remodeled unit.

Last Agent to Sell the Property

Patricia Gamboa

First Rate Properties License #471019999 Listed on: 08/24/2023

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

  • $7,007

Year Built

  • Built in 1963 | Remodeled in 2021

Lot Details

  • Lot Dimensions are 25x125

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $30
  • Fuel Expense $178
  • Insurance Expense $155
  • Trash Expense $47
  • Water Sewer Expense $133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,007

Year Built

Built in 1963 | Remodeled in 2021

Lot Details

0

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: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 359900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Trash Expense: 47
  • Water Sewer Expenses: 133

Schools

  • High School: Argo Community High School
  • Middle/Junior School District: 104

Lot Info

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

Rental Info

  • Board Number: 8

Multi Family

  • Fuel Expense: 178
  • Insurance Expense: 155
  • ElectricExpense: 30
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7007.02
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $370,000 +2.8% --
08/28/2023 08/28/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $359,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patricia Gamboa

    Seller's Agent in 2023

    Patricia Gamboa

    First Rate Properties

    (708) 652-2880

    Section Image
  • Angel Ontiveros

    Buyer's Agent in 2023

    Angel Ontiveros

    RE/MAX

    3 in this area

    14 Total Sales

    Angel Ontiveros
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11867455

Midwest Real Estate Data (MRED)

Illinois Cook County Summit 60501

7234 Park Ave, Summit, IL

This home is located at 7234 Park Ave, Summit, IL 60501 since 24 August 2023. This property was built in 1963. 7234 Park Ave is a home located in Cook County with nearby schools including Walsh Elementary School, Dr Donald Wharton Elementary School, and W.W. Walker Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes