$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

Highlights

  • 2 Car Detached Garage
  • Argo Community High School Rated A-
  • Paved or Partially Paved Lot

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 Detached 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
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick
  • 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

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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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
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

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 $8,767 $29,000 $3,317 $25,683
2024 $8,767 $29,000 $3,317 $25,683
2023 $7,517 $29,000 $3,317 $25,683
2022 $7,517 $21,527 $2,859 $18,668
2021 $7,360 $21,526 $2,859 $18,667
2020 $7,653 $21,526 $2,859 $18,667
2019 $6,699 $18,687 $2,630 $16,057
2018 $6,476 $18,687 $2,630 $16,057
2017 $6,499 $18,687 $2,630 $16,057
2016 $6,065 $16,053 $2,287 $13,766
2015 $5,804 $16,053 $2,287 $13,766
2014 $4,890 $16,053 $2,287 $13,766
2013 $5,710 $17,577 $2,287 $15,290
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)