NOT LISTED FOR SALE

7341 W Archer Ave Summit, IL 60501

8 Beds
3 Baths
-- Sq Ft
1957 Built

Sale Details

Date Sold: August 9, 2022

Last sale price $375,000

5 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Heating System Uses Steam
  • Argo Community High School Rated A-

About This Home

As of August 2022

HERE IS THE LEGAL THREE FLAT YOUR LOOKING FOR. 3 BEDROOM APT'S OFFERS MANY EXTRAS FOR THIS VERY REASONABLE PRICE. 2ND FLOOR RECENTLY REHAB HARDWOOD FLOORS,CENTRAL AIR,ETC VERY GOOD LOCATION, VERY WELL KEPT APARTMENTS,2 1/2 CAR GARAGE. CLOSE TO I 55 AND CTA ,CALL FOR Appt.

Last Agent to Sell the Property

Magdalena Gruszka

Archer Home Center License #471017414 Listed on: 05/18/2022

Last Buyer's Agent

Magdalena Gruszka

Archer Home Center License #471017414 Listed on: 05/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 1957

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Lot Details

  • Lot Dimensions are 33x125

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,500

Year Built

Built in 1957

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 33X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 8500
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 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
May 18, 2022
Closed on
Jul 22, 2022
Sold by
Bought by
Seller's Agent
Magdalena Gruszka
Archer Home Center
Buyer's Agent
Magdalena Gruszka
Archer Home Center
List Price
$459,900
Sold Price
$375,000
Premium/Discount to List
-$84,900
-18.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
0.0688%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$375,000 None Listed On Document
$181,000 --
-- --
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 $281,250
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
08/09/2022 08/09/22 Sold $375,000 -18.5% --
05/24/2022 05/24/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $459,900 -- --
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 $11,209 $31,993 $2,675 $29,318
2024 $11,209 $31,993 $2,675 $29,318
2023 $8,397 $31,993 $2,675 $29,318
2022 $8,397 $19,462 $2,306 $17,156
2021 $8,172 $19,462 $2,306 $17,156
2020 $8,366 $19,462 $2,306 $17,156
2019 $9,089 $19,770 $2,121 $17,649
2018 $8,790 $19,770 $2,121 $17,649
2017 $8,778 $19,770 $2,121 $17,649
2016 $8,582 $18,171 $1,845 $16,326
2015 $8,317 $18,171 $1,845 $16,326
2014 $8,139 $18,171 $1,845 $16,326
2013 $7,861 $19,544 $1,845 $17,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11407222

Midwest Real Estate Data (MRED)
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