NOT LISTED FOR SALE

7322 W 60th Place Summit, IL 60501

6 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold August 29, 2023

Last sale price $370,000

2 Days on Market

Highlights

  • 0.25 Acre Lot
  • Tudor Architecture
  • Baseboard Heating
  • Argo Community High School Rated A-
  • Soaking Tub

About This Home

As of August 2023

Fantastic investment opportunity - a completely remodeled 2-flat property with 6 bedrooms and 3 baths. This property boasts brand new electric wiring, plumbing, roof, and windows, ensuring a hassle-free living experience. hardwood floors in both spacious units, you have the potential to live rent-free as the tenants cover the mortgage. Basement offers the possibility of creating three in-law units, adding to the property's income potential. Whether you're looking to expand your real estate portfolio or seeking a lucrative investment, this property offers great potential.

Last Agent to Sell the Property

bernard panek

NowEquity Real Estate License #475186478 Listed on: 07/14/2023

NowEquity Real Estate

Last Buyer's Agent

Monica Villarreal

Baird & Warner License #475158497

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,601

Year Built

  • Built in 1950 | Remodeled in 2023

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 30x 150

Home Design

  • Tudor Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Argo Community High School

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,601

Year Built

Built in 1950 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tudor
  • New Construction: No
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 5
  • Number of Cars: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Radiant
  • Water Source: Lake Michigan

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 30X 150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4601.47
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat
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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
08/29/2023 08/29/23 Sold $370,000 +6.0% --
07/17/2023 07/17/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $349,000 -- --
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 $9,109 $26,000 $2,991 $23,009
2024 $9,109 $26,000 $2,991 $23,009
2023 $8,597 $26,000 $2,991 $23,009
2022 $8,597 $19,926 $2,578 $17,348
2021 $8,366 $19,926 $2,578 $17,348
2020 $8,566 $19,926 $2,578 $17,348
2019 $7,136 $15,523 $2,371 $13,152
2018 $6,902 $15,523 $2,371 $13,152
2017 $6,892 $15,523 $2,371 $13,152
2016 $6,234 $13,200 $2,062 $11,138
2015 $7,349 $16,057 $2,062 $13,995
2014 $6,042 $16,057 $2,062 $13,995
2013 $5,088 $15,278 $2,062 $13,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11831988

Midwest Real Estate Data (MRED)