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

Interior Spaces

  • 5 Bedrooms
  • 1-Story Property

Lot Details

  • Lot Dimensions are 50 x 125

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

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
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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)

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

    354 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

    72 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

    346 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

    448 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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