NOT LISTED FOR SALE

7244 W 63rd Place Summit, IL 60501

9 Beds
6 Baths
3,920 Sq Ft
5,082 Sq Ft Lot Lot

Sale Details

Date Sold: May 7, 2019

Last sale price $350,000 $89 Per Sq Ft

15 Days on Market

Highlights

  • Hot Water Heating System
  • Argo Community High School Rated A-
  • 5-minute walk to Nottingham Park

About This Home

As of May 2019

LOCATED 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

Co-Listed By

Daniel Hyman

Millennium Properties RE, Inc. License #471013658

Last Buyer's Agent

Gary Lucido

Lucid Realty, Inc. License #471004524

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,416

Year Built

Built in 1965

Lot Details

5,082 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 0

Exterior Features

  • Misc Outside: Balcony/ies

Utilities

  • Heat/Ventilation: Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5082
  • Lot Size Sq Ft: 5082
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3920

Multi Family

  • Net Operating Income: 34860
  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13416
  • Tax Year: 2017
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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
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10276824

Midwest Real Estate Data (MRED)
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