NOT LISTED FOR SALE

7348 56th Place Summit, IL 60501

Summit Area
5 Beds
3 Baths
1,440 Sq Ft
1949 Built

Sale Details

Date Sold: June 11, 2025

Last sale price $340,000 $236 Per Sq Ft

193 Days on Market

Highlights

  • Cape Cod Architecture
  • Enclosed Parking
  • Patio
  • Argo Community High School Rated A-
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of June 2025

(Relative seller) Multiple offers received

Last Agent to Sell the Property

Jose Clemente

Realty of America License #475199922 Listed on: 09/13/2024

Last Buyer's Agent

Gabriel Abarca

Elite Realty Network LLC License #471016729

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,072

Year Built

  • Built in 1949

Parking

  • 2 Car Detached Garage
  • Enclosed Parking
  • Alley Access
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Argo Community High Elementary And Middle School
  • Argo Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio
  • Lot Dimensions are 40 x 125

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,072

Year Built

Built in 1949

Lot Details

0 Sq Ft Lot

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: 1949
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Alley Access, Enclosed, Garage
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Conversion YN: N

Schools

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

Lot Info

  • Lot Dimensions: 40 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 8072
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Other

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 13, 2024
Closed on
May 30, 2025
Sold by
Bought by
Seller's Agent
Jose Clemente
Realty of America
Buyer's Agent
Gabriel Abarca
Elite Realty Network LLC
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Views
413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,841
Interest Rate
0.0675%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 19, 2023
Closed on
Feb 7, 2024
Sold by
Bought by
Seller's Agent
Arturo Gutierrez
RE/MAX 10
Buyer's Agent
Jose Clemente
Realty of Chicago LLC
List Price
$330,000
Sold Price
$300,000
Premium/Discount to List
-$30,000
-9.09%
Views
330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$255,000
Interest Rate
0.0733%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2018
Sold by
Bought by

Purchase Details

Listed on
Dec 17, 2016
Closed on
Feb 13, 2017
Sold by
Bought by
Seller's Agent
Ashley Lebovic
All Realty Group, Inc
Buyer's Agent
Lionel Gutierrez
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$119,000
Sold Price
$135,000
Premium/Discount to List
$16,000
13.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,890
Interest Rate
0.04%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 2007
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
$190,500
Interest Rate
0.0625%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2006
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
$340,000 Fidelity National Title
$300,000 Heritage Title
-- Chicago Title Insurance Comp
$135,000 Saturn Title Llc
-- None Available
$254,000 Attorneys Title Guaranty Fun
$200,000 Cti
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 $333,841
Previous Owner $255,000
Closed $109,890
Previous Owner $190,500
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 Prior Sale
06/11/2025 06/11/25 Sold $340,000 -5.6% $236 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
09/13/2024 09/13/24 For Sale $360,000 +20.0% $250 / Sq Ft
03/02/2024 03/02/24 Sold $300,000 -9.1% $208 / Sq Ft View Prior Sale
01/20/2024 01/20/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $330,000 +144.4% $229 / Sq Ft
02/13/2017 02/13/17 Sold $135,000 +13.4% $94 / Sq Ft View Prior Sale
12/23/2016 12/23/16 Pending -- -- --
12/17/2016 12/17/16 For Sale $119,000 -- $83 / 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 $6,897 $23,000 $3,538 $19,462
2024 $6,897 $23,000 $3,538 $19,462
2023 $8,072 $23,000 $3,538 $19,462
2022 $8,072 $22,130 $3,050 $19,080
2021 $7,893 $22,129 $3,050 $19,079
2020 $8,179 $22,129 $3,050 $19,079
2019 $4,315 $12,816 $2,806 $10,010
2018 $5,698 $12,816 $2,806 $10,010
2017 $6,190 $13,942 $2,806 $11,136
2016 $5,150 $13,401 $2,440 $10,961
2015 $4,933 $13,401 $2,440 $10,961
2014 $4,852 $13,401 $2,440 $10,961
2013 $5,122 $15,364 $2,440 $12,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12163680

Midwest Real Estate Data (MRED)
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