NOT LISTED FOR SALE

7412 W 63rd Place Summit Argo, IL 60501

5 Beds
6 Baths
-- Sq Ft
1961 Built

Last Sold June 02, 2023

Last sale price $435,000

12 Days on Market

About This Home

As of June 2023

6 unit solid investment property Summit. 5-1 Bedroom units and 1-Studio. Detached garage for possible additional income. 1 bedroom units are large in size. New Roof 2012, New Boiler 2018, Water Heater 2014, Electrical Panel Upgrade 2015. Convenient location to schools, highway, stores/restaurants. Selling As-Is condition

Last Agent to Sell the Property

Mark Paliliunas

Real Property Management License #475163300 Listed on: 04/04/2023

Last Buyer's Agent

Christian Chase

Chase Real Estate LLC License #471009352

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,068

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 50 x 125

Interior Spaces

  • 5 Bedrooms
  • 1-Story Property

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,600
  • Fuel Expense $3,500
  • Insurance Expense $3,000
  • Manager Expense $4,475
  • Trash Expense $3,000
  • Water Sewer Expense $4,500
  • Operating Expense $37,000
  • Gross Income $5,640
  • Net Operating Income $30,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,068

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Room: 0

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Gas,Baseboard

Condo/Co-op/Association

  • Manager Expense: 4475

Fee Information

  • Trash Expense: 3000
  • Water Sewer Expenses: 4500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 125

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10

Multi Family

  • Net Operating Income: 30680
  • Fuel Expense: 3500
  • Insurance Expense: 3000
  • ElectricExpense: 1600
  • GrossIncome: 5640
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37000
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 12068
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2023 06/02/23 Sold $435,000 -5.2% --
04/17/2023 04/17/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $459,000 +15.0% --
07/30/2021 07/30/21 Sold $399,000 -3.9% -- View Prior Sale
07/12/2021 07/12/21 Pending -- -- --
07/06/2021 07/06/21 For Sale -- -- --
06/20/2021 06/20/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $415,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Paliliunas

    Seller's Agent in 2023

    Mark Paliliunas

    Real Property Management

    (847) 309-7343

    2 in this area

    11 Total Sales

    Mark Paliliunas
    Section Image
  • Christian Chase

    Buyer's Agent in 2023

    Christian Chase

    Chase Real Estate LLC

    (630) 527-0095

    3 in this area

    379 Total Sales

    Christian Chase
    Section Image
  • Don Beard

    Seller's Agent in 2021

    Don Beard

    Real Broker LLC

    (773) 569-0889

    1 in this area

    73 Total Sales

    Don Beard
    Section Image
  • Sohail Salahuddin

    Seller Co-Listing Agent in 2021

    Sohail Salahuddin

    eXp Realty

    (312) 818-2878

    1 in this area

    351 Total Sales

    Sohail Salahuddin
    Section Image
  • David Dominguez

    Buyer's Agent in 2021

    David Dominguez

    Realty of America, LLC

    (312) 607-7057

    2 in this area

    455 Total Sales

    David Dominguez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11751572

Midwest Real Estate Data (MRED)
Illinois Cook County Summit Argo 60501

7412 W 63rd Place, Summit Argo, IL

Not Listed for Sale

MultiFamily

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