NOT LISTED FOR SALE

7234 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1963 Built

Sale Details

Date 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

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

Lot Details

  • Lot Dimensions are 25x125

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

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
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • 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

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
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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
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

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 $3,629 $28,371
2024 $11,212 $32,000 $3,629 $28,371
2023 $8,637 $32,000 $3,629 $28,371
2022 $8,637 $20,021 $3,129 $16,892
2021 $7,007 $20,019 $3,128 $16,891
2020 $7,272 $20,019 $3,128 $16,891
2019 $9,773 $24,687 $2,878 $21,809
2018 $9,449 $24,687 $2,878 $21,809
2017 $9,462 $24,687 $2,878 $21,809
2016 $6,466 $16,189 $2,503 $13,686
2015 $6,650 $17,153 $2,503 $14,650
2014 $7,683 $17,153 $2,503 $14,650
2013 $7,435 $18,484 $2,503 $15,981
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11867455

Midwest Real Estate Data (MRED)
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