$374,000
SOLD APR 24, 2025

7237 Park Ave Summit, IL 60501

5 Beds
2 Baths
-- Sq Ft
1961 Built

Recently Sold

23 Days on Market

About This Home

As of April 2025

Rarely available multi-unit home ready for new owner/investor! Perfect opportunity for an instant money making investment opportunity or Live in one unit while renting out the other. Updated first floor unit offers white cabinetry, all new flooring through out, freshly painted and updated bathroom! Very well maintained! Boiler less than 5 years old, newer windows through out, water hater replaced in 2019, updated electrical panels. Property also offers a 2 car garage! Quiet area and excellent location with close proximity to expressway. Better yet, this home could qualify for a no PMI conventional loan with minimal down, contact listing agent for more information!

Last Agent to Sell the Property

Lauren Calero

RE/MAX of Naperville License #475166469 Listed on: 02/06/2025

RE/MAX of Naperville

Co-Listed By

Mike Lenz

RE/MAX of Naperville License #475133465

Last Buyer's Agent

Alba Diaz

Premier EA Realty LLC License #471019778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,517

Year Built

  • Built in 1961

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Argo Community High School

Utilities

  • Radiator
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Paved or Partially Paved Lot

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,517

Year Built

Built in 1961

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): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Washer,Dryer

Exterior Features

  • Construction Materials: Brick
  • List Price: 374900
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved
  • Conversion YN: N

Schools

  • High School: Argo Community High School
  • Middle/Junior School District: 217

Lot Info

  • Lot Dimensions: 4575
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7517
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

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Range of Values:

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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 Change Sq Ft Price
04/24/2025 04/24/25 Sold $374,000 -0.2% --
03/01/2025 03/01/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $374,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12285833

Midwest Real Estate Data (MRED)