NOT LISTED FOR SALE

7348 W 62nd Place Summit Argo, IL 60501

Estimated Value: $391,000 - $450,000

6 Beds
4 Baths
1,847 Sq Ft
$227/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $381,000 $206 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,104/month

16 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Argo Community High School Rated A-
  • Porch

About This Home

As of June 2022

Excellent investment opportunity or live in one unit and rent the other. Separate utilities for each unit. All updates completed within the last 8 years. Roof 4 years old.

Last Agent to Sell the Property

Vicky Franos

United Real Estate Elite License #471018903 Listed on: 03/16/2022

United Real Estate Elite

Last Buyer's Agent

James Davenport

Redfin Corporation License #475188038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,696

Year Built

  • Built in 1954

Lot Details

  • 3,746

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Lot Dimensions are 30x125

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,696

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1954
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 399900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 104

Lot Info

  • Lot Dimensions: 30X125
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 8695.87
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
May 31, 2022
Sold by
Bromal Properties Management Company Inc
Bought by
Reyes Gloria Garcia De
Seller's Agent
Vicky Franos
United Real Estate Elite
Buyer's Agent
James Davenport
Redfin Corporation
List Price
$399,900
Sold Price
$381,000
Premium/Discount to List
-$18,900
-4.73%
Current Estimated Value
$420,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,035
Avg. Annual Appreciation
2.67%

Purchase Details

Closed on
Jan 7, 2013
Sold by
Deutsche Bank National Trust Co
Bought by
Bromal Properties Management Co Inc

Purchase Details

Closed on
Oct 31, 2003
Sold by
Martinez Theresa
Bought by
Martinez Rogelio

Purchase Details

Closed on
Jan 1, 1999
Sold by
Martinez Teresa
Bought by
Martinez Rogelio and Martinez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reyes Gloria Garcia De $381,000 Old Republic Title
Bromal Properties Management Co Inc $57,750 None Available
Martinez Rogelio -- None Available
Martinez Rogelio -- 1St American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Rogelio $140,000
Previous Owner Martinez Rogelio $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $381,000 -4.7% $206 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $399,900 -- $217 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $9,841 $34,719 $2,719 $32,000
2023 $8,728 $34,719 $2,719 $32,000
2022 $8,728 $20,230 $2,344 $17,886
2021 $8,494 $20,229 $2,343 $17,886
2020 $8,696 $20,229 $2,343 $17,886
2019 $8,656 $18,828 $2,156 $16,672
2018 $8,371 $18,828 $2,156 $16,672
2017 $8,359 $18,828 $2,156 $16,672
2016 $7,663 $16,226 $1,875 $14,351
2015 $7,427 $16,226 $1,875 $14,351
2014 $7,268 $16,226 $1,875 $14,351
2013 $6,101 $17,797 $1,875 $15,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11348343

Midwest Real Estate Data (MRED)

APN: 18-13-425-016-0000