NOT LISTED FOR SALE

7236 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold October 10, 2023

Last sale price $365,000

4 Days on Market

Highlights

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

About This Home

As of October 2023

Here is a solid investment for the beginner or well-seasoned. Fully occupied building with parking. Bonus, there is an extra lot behind the building that seller rents out, coin operated washer & dryer that also brings income and they belong to owner. Building is solid and some updates have been made. Rents should be higher for the area in my opinion. Don't miss out come and see for yourself! **Buyer uses Huntington Bank, closing costs are COVERED! Buyer is responsible for $500 at closing** Contact Bisael Ramos NMLS #1492995 3319034333

Last Agent to Sell the Property

Jose Herrera

Northlake Realtors License #475102635 Listed on: 07/07/2023

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

  • $9,057

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $50
  • Fuel Expense $176
  • Insurance Expense $132
  • Water Sewer Expense $197
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,057

Year Built

Built in 1963

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): 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: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 197
  • Trash Expense Year: 52

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 176
  • Insurance Expense: 132
  • ElectricExpense: 50
  • GrossIncome: 36000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9057.35
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
10/10/2023 10/10/23 Sold $365,000 +1.4% --
07/12/2023 07/12/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $359,900 +139.9% --
11/11/2015 11/11/15 Sold $150,000 -6.2% -- View Prior Sale
10/17/2015 10/17/15 Pending -- -- --
10/01/2015 10/01/15 Price Changed $159,900 -5.9% --
08/18/2015 08/18/15 For Sale $169,900 +13.3% --
07/22/2015 07/22/15 Off Market $150,000 -- --
07/19/2015 07/19/15 For Sale $169,900 +335.6% --
08/15/2012 08/15/12 Sold $39,000 0.0% -- View Prior Sale
06/06/2012 06/06/12 Pending -- -- --
06/01/2012 06/01/12 Off Market $39,000 -- --
05/18/2012 05/18/12 For Sale $32,300 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Herrera

    Seller's Agent in 2023

    Jose Herrera

    Northlake Realtors

    (708) 562-5689

    1 in this area

    145 Total Sales

    Jose Herrera
    Section Image
  • Angel Ontiveros

    Buyer's Agent in 2023

    Angel Ontiveros

    RE/MAX

    4 in this area

    16 Total Sales

    Angel Ontiveros
    Section Image

  • N

    Seller's Agent in 2015

    Nick Useini

    Useini Realty Group, Inc

    (708) 612-9732

    12 Total Sales

    Nick Useini
    Section Image
  • Albert Diaz

    Seller's Agent in 2012

    Albert Diaz

    Century 21 NuVision Real Estate

    (773) 616-2110

    4 in this area

    91 Total Sales

    Albert Diaz
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11825539

Midwest Real Estate Data (MRED)
Illinois Cook County Summit 60501

7236 Park Ave, Summit, IL

Not Listed for Sale

MultiFamily

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