$409,000
SOLD JAN 9, 2026

7235 Park Ave Summit Argo, IL 60501

5 Beds
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Recently Sold

1 Day on Market

Highlights

  • 2 Car Detached Garage
  • Patio
  • Fire Pit
  • Argo Community High School Rated A-

About This Home

As of January 2026

Welcome to this beautifully updated 2-unit building in the desirable Summit area. Both units have been recently updated, featuring fresh finishes and functional layouts ideal for today's lifestyle. Each unit offers bright living spaces, updated kitchens, and modernized baths, making this property an excellent opportunity for owner-occupants or investors seeking reliable rental income. The property's location is unbeatable-just minutes to I-55 for easy commuting, approximately 30 minutes to Midway Airport, and less than 30 minutes to Downtown Chicago. Whether you're looking to expand your portfolio or secure a comfortable home with additional income potential, this property is ready for you.

Last Agent to Sell the Property

Darius Henry

Exit Real Estate Partners Brokerage Phone: (630) 641-2086 License #475193964 Listed on: 12/01/2025

Exit Real Estate Partners

Last Buyer's Agent

Jennifer Rodriguez

Coldwell Banker Realty License #475197795

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,161

Year Built

  • Built in 1961 | Remodeled in 2023

Parking

  • 2 Car Detached Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio
  • Fire Pit

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Window Screens
  • 4,792 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,161

Year Built

Built in 1961 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (630) 641-2086
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Window Features: Screens
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Fire Pit
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 4575 sq ft
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 10161
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 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 Prior Sale
01/09/2026 01/09/26 Sold $409,000 0.0% --
12/02/2025 12/02/25 Pending -- -- --
12/01/2025 12/01/25 For Sale $409,000 +82.6% --
09/20/2018 09/20/18 Sold $224,000 +2.3% -- View Prior Sale
08/13/2018 08/13/18 Pending -- -- --
07/21/2018 07/21/18 Price Changed $219,000 -0.4% --
06/26/2018 06/26/18 For Sale $219,900 0.0% --
06/13/2018 06/13/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $219,900 +158.7% --
10/03/2014 10/03/14 Sold $85,000 -3.3% -- View Prior Sale
09/10/2014 09/10/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $87,900 0.0% --
07/29/2014 07/29/14 Pending -- -- --
07/10/2014 07/10/14 Price Changed $87,900 -20.0% --
06/06/2014 06/06/14 Price Changed $109,900 -1.8% --
05/06/2014 05/06/14 Price Changed $111,900 -2.6% --
04/10/2014 04/10/14 For Sale $114,900 -- --
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 $10,161 $29,000 $3,317 $25,683
2024 $10,161 $29,000 $3,317 $25,683
2023 $9,288 $29,000 $3,317 $25,683
2022 $9,288 $21,527 $2,859 $18,668
2021 $9,038 $21,527 $2,859 $18,668
2020 $9,254 $21,527 $2,859 $18,668
2019 $8,591 $18,687 $2,630 $16,057
2018 $8,308 $18,687 $2,630 $16,057
2017 $8,297 $18,687 $2,630 $16,057
2016 $7,582 $16,053 $2,287 $13,766
2015 $7,347 $16,053 $2,287 $13,766
2014 $6,040 $16,053 $2,287 $13,766
2013 $5,805 $17,062 $2,287 $14,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12525651

Midwest Real Estate Data (MRED)