NOT LISTED FOR SALE

7400 W 62nd St Summit, IL 60501

Summit Area
5 Beds
3 Baths
-- Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: October 2, 2023

Last sale price $411,000

15 Days on Market

About This Home

As of October 2023

A rare opportunity available to make your home with this newer 2 flat on a oversize corner lot. Living room has vaulted ceilings and skylights. Kitchen has 42 inch cabinets. Lower level has a spacious open floor concept. Don't miss out!

Last Agent to Sell the Property

Robin Cerna

arhome realty License #475184736 Listed on: 07/15/2023

arhome realty

Last Buyer's Agent

Brian Garza

Cloud Gate Realty LLC License #475206275

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,308

Year Built

  • Built in 2005

Lot Details

  • 4,356

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Walk-Out Basement
  • Lot Dimensions are 36x125

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,308

Year Built

Built in 2005

Lot Details

4,356 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • 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: Natural Gas
  • Water Source: Lake Michigan

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Dimensions: 36X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4308.07
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 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
Jul 15, 2023
Closed on
Sep 20, 2023
Sold by
Bought by
Seller's Agent
Robin Cerna
arhome realty
Buyer's Agent
Brian Garza
Cloud Gate Realty LLC
List Price
$409,900
Sold Price
$411,000
Premium/Discount to List
$1,100
0.27%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.18%

Purchase Details

Closed on
Jul 24, 2014
Sold by
Bought by

Purchase Details

Closed on
May 12, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2006
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
$306,000
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Summit, IL

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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
$411,000 Plymouth Title
$170,000 Premier Title
-- Premier Title
$360,000 Chicago Title Insurance Co
$80,000 Ticor Title
-- --
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 $6,000
Open $403,555
Previous Owner $306,000
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
10/02/2023 10/02/23 Sold $411,000 +0.3% --
07/31/2023 07/31/23 Pending -- -- --
07/15/2023 07/15/23 For Sale $409,900 +141.1% --
09/29/2014 09/29/14 Sold $170,000 +6.3% -- View Prior Sale
07/22/2014 07/22/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $159,900 -- --
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 $10,400 $33,000 $3,299 $29,701
2024 $10,400 $33,000 $3,299 $29,701
2023 $8,010 $33,000 $3,299 $29,701
2022 $8,010 $21,987 $2,844 $19,143
2021 $7,833 $21,986 $2,843 $19,143
2020 $8,118 $21,986 $2,843 $19,143
2019 $9,953 $25,078 $2,616 $22,462
2018 $9,623 $25,078 $2,616 $22,462
2017 $9,636 $25,078 $2,616 $22,462
2016 $7,700 $18,800 $2,275 $16,525
2015 $9,846 $21,513 $2,275 $19,238
2014 $8,486 $21,513 $2,275 $19,238
2013 $7,331 $20,855 $2,275 $18,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11830799

Midwest Real Estate Data (MRED)
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