NOT LISTED FOR SALE

7240 Park Ave Summit, IL 60501

7 Beds
4 Baths
-- Sq Ft
7,405 Sq Ft Lot Lot

Sale Details

Date Sold: October 27, 2022

Last sale price $330,000

8 Days on Market

About This Home

As of October 2022

A chance for a great investment! This brick 4 unit building is fully occupied. The roof, windows, and water heater have all been changed in the last 2 years. The entry is freshly painted with new carpet is being installed. Not far from Harlem and Archer Ave. as well as I-55. Property has parking in rear for 4 vehicles. It has a bonus lot behind the parking that is fenced in as well. There is nice income potential with this property!

Last Agent to Sell the Property

Naim Dabeca

N D Realty License #471007909 Listed on: 09/09/2022

Last Buyer's Agent

John Palomo

Coldwell Banker Realty License #475141680

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,556

Year Built

  • Built in 1963

Lot Details

  • 7,405

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

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,556

Year Built

Built in 1963

Lot Details

7,405 Sq Ft Lot

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: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

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, Public

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Dimensions: .17
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 9556.04
  • Tax Year: 2020

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat
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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
10/27/2022 10/27/22 Sold $330,000 -2.7% --
09/18/2022 09/18/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $339,000 -- --
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 $32,001 $5,425 $26,576
2024 $11,212 $32,001 $5,425 $26,576
2023 $9,591 $32,001 $5,425 $26,576
2022 $9,591 $22,230 $4,676 $17,554
2021 $9,334 $22,230 $4,676 $17,554
2020 $9,556 $22,230 $4,676 $17,554
2019 $11,372 $24,736 $4,302 $20,434
2018 $10,998 $24,736 $4,302 $20,434
2017 $10,982 $24,736 $4,302 $20,434
2016 $8,159 $17,275 $3,741 $13,534
2015 $7,907 $17,275 $3,741 $13,534
2014 $7,738 $17,275 $3,741 $13,534
2013 $7,472 $18,575 $3,741 $14,834
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11625810

Midwest Real Estate Data (MRED)
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