NOT LISTED FOR SALE

7243 W 61st St Summit, IL 60501

Summit Area
5 Beds
3 Baths
-- Sq Ft
1963 Built

Sale Details

Date Sold: December 5, 2024

Last sale price $291,500

6 Days on Market

Highlights

  • Cape Cod Architecture
  • Corner Lot
  • 2 Car Detached Garage
  • Property is near park
  • Fenced Yard
  • Patio

About This Home

As of December 2024

This two-unit property on a corner lot right across from Legion Park offers great potential. The 1st-floor unit features 3 bedrooms, 1 bath, a living room, and a separate dining room. The 2nd-floor unit has 2 bedrooms, 1 bath, a living room, and a dining room. Recent updates include a new furnace (2024), water heaters (2019 & 2020), and some newer windows. The 1st floor has central air, and A/C can easily be added to the 2nd floor. Located two minutes from Heritage Middle School, Argo Community High School, and five minutes from I-55, Aldi, and Walgreens. Moderate condition-ideal for investors or homeowners.

Last Agent to Sell the Property

Eduardo Garcia

Realty of America, LLC License #471009113 Listed on: 09/26/2024

Realty of America, LLC

Co-Listed By

Nelly Cruz

Realty of America, LLC License #475198367

Last Buyer's Agent

Xochil Wendy Escobar

Realty of America, LLC License #475204870

Realty of America, LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,170

Year Built

  • Built in 1963

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Lot Details

  • Lot Dimensions are 40x125
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Schools

  • Walsh Elementary School
  • Heritage Middle School
  • Argo Community High School

Utilities

  • Forced Air Heating System
  • Lake Michigan Water
  • Multiple Water Heaters

Additional Features

  • Patio
  • Property is near park

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,170

Year Built

Built in 1963

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1963
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,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: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s), Sump Pump, Multiple Water Heaters
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Central Air Conditioner
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Lot Features: Corner Lot, Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Walsh Elementary School
  • High School: Argo Community High School
  • Middle/Junior School: Heritage Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9170.02
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Dec 5, 2024
Sold by
Bought by
Seller's Agent
Eduardo Garcia
Realty of America, LLC
Buyer's Agent
Xochil Wendy Escobar
Realty of America, LLC
List Price
$259,999
Sold Price
$291,500
Premium/Discount to List
$31,501
12.12%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,219
Outstanding Balance
$281,094
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 13, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$291,500 None Listed On Document
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $286,219
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
12/05/2024 12/05/24 Sold $291,500 +12.1% --
10/02/2024 10/02/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $259,999 -- --
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 $9,170 $26,172 $3,625 $22,547
2024 $9,170 $26,172 $3,625 $22,547
2023 $8,524 $26,172 $3,625 $22,547
2022 $8,524 $19,757 $3,125 $16,632
2021 $8,295 $19,757 $3,125 $16,632
2020 $8,493 $19,757 $3,125 $16,632
2019 $8,602 $18,711 $2,875 $15,836
2018 $8,319 $18,711 $2,875 $15,836
2017 $8,307 $18,711 $2,875 $15,836
2016 $7,474 $15,825 $2,500 $13,325
2015 $7,243 $15,825 $2,500 $13,325
2014 $7,089 $15,825 $2,500 $13,325
2013 $7,240 $17,998 $2,500 $15,498
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12174040

Midwest Real Estate Data (MRED)
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