Maria Ortiz
Kale Realty
(708) 726-3036
63 Total Sales
1 in Summit
$100,000 Price
7244 W 63rd Place Summit, IL 60501
Summit Area
9
Beds
6
Baths
3,920
Sq Ft
5,082
Sq Ft Lot
Highlights
- Hot Water Heating System
- Argo Community High School Rated A-
- 5-minute walk to Nottingham Park
About This Home
As of May 2019LOCATED IN OPPORTUNITY ZONE Divided into six apartments, this 100% leased multi-family building is for sale at a 10.4% cap rate. The property has three one-bedroom units and three two-bedroom units, most of which have private outdoor space. Generating more than $5,000 per month, this property is a solid income producer and a great opportunity. The apartment building is close to schools, shopping and restaurants on Harlem Ave.
Last Agent to Sell the Property
Vinnie Pine
Millennium Properties RE, Inc. License #475183119 Listed on: 02/19/2019
Last Buyer's Agent
Gary Lucido
Lucid Realty, Inc. License #471004524
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,416
Year Built
- Built in 1965
Lot Details
- 5,082
Interior Spaces
- 3,920 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Additional Features
- 5,082 Sq Ft Lot
- Hot Water Heating System
Community Details
- 6 Units
- Net Operating Income $34,860
Listing and Financial Details
- Tenant pays for air conditioning, electricity
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
Feb 19, 2019
Closed on
May 7, 2019
Sold by
Bought by
Seller's Agent
Vinnie Pine
Millennium Properties RE, Inc.
Buyer's Agent
Gary Lucido
Lucid Realty, Inc.
List Price
$334,000
Sold Price
$350,000
Premium/Discount to List
$16,000
4.79%
Purchase Details
Closed on
Jun 28, 2011
Sold by
Bought by
Purchase Details
Closed on
Mar 31, 2009
Sold by
Bought by
Purchase Details
Closed on
May 12, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,990,918
Interest Rate
6.56%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 18, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Summit, IL
-
Maria Ortiz
-
Reginald Patterson
Reginald Patterson
eXp Realty
(773) 830-6144
101 Total Sales
1 in Summit
$305,000 Price
-
Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
(866) 598-2035
89 Total Sales
1 in Summit
$345,000 Price
-
George Venturella
George Venturella
Century 21 Circle
(708) 505-7886
172 Total Sales
1 in Summit
$247,500 Price
-
Sandy Ortiz-Ramirez
Sandy Ortiz-Ramirez
Realty of America, LLC
(773) 572-0782
144 Total Sales
1 in Summit
$565,000 Price
-
Michael Kozuchowski
Michael Kozuchowski
Century 21 S.G.R., Inc.
(872) 250-5498
55 Total Sales
1 in Summit
$225,000 Price
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 |
|---|---|---|---|
| $350,000 | Freedom Title Corporation | ||
| $165,000 | Stewart Title Guaranty Co | ||
| -- | None Available | ||
| -- | Ctic | ||
| $135,000 | Chicago Title Insurance Co |
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 |
|---|---|---|---|
| Closed | $10,990,918 |
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 |
|---|---|---|---|---|
| 08/07/2019 08/07/19 | Off Market | $350,000 | -- | -- |
| 05/07/2019 05/07/19 | Sold | $350,000 | +4.8% | $89 / Sq Ft |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- |
| 02/19/2019 02/19/19 | For Sale | $334,000 | -- | $85 / Sq Ft |
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 | $13,556 | $38,692 | $3,685 | $35,007 |
| 2024 | $13,556 | $38,692 | $3,685 | $35,007 |
| 2023 | $9,544 | $38,692 | $3,685 | $35,007 |
| 2022 | $9,544 | $22,121 | $3,176 | $18,945 |
| 2021 | $10,040 | $23,913 | $3,176 | $20,737 |
| 2020 | $10,280 | $23,913 | $3,176 | $20,737 |
| 2019 | $13,891 | $30,216 | $2,922 | $27,294 |
| 2018 | $13,434 | $30,216 | $2,922 | $27,294 |
| 2017 | $13,416 | $30,216 | $2,922 | $27,294 |
| 2016 | $10,728 | $22,715 | $2,541 | $20,174 |
| 2015 | $10,397 | $22,715 | $2,541 | $20,174 |
| 2014 | $10,175 | $22,715 | $2,541 | $20,174 |
| 2013 | $6,637 | $16,500 | $2,541 | $13,959 |
Source: Public Records
Agents Affiliated with this Home
-
V
Seller's Agent in 2019
Vinnie Pine
Millennium Properties RE, Inc.
-
Daniel Hyman
Seller Co-Listing Agent in 2019
Daniel Hyman
Millennium Properties RE, Inc.
(312) 338-3003
47 Total Sales
-
G
Buyer's Agent in 2019
Gary Lucido
Lucid Realty, Inc.
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10276824
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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