7412 W 63rd Place Summit Argo, IL 60501
Estimated payment $5,336/month
About This Home
Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building's structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don't miss your chance to capitalize on this exceptional listing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,820
Year Built
- Built in 1961
Home Design
- Brick Exterior Construction
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Gas
Additional Features
- 2-Story Property
- Lot Dimensions are 50 x 125
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $556
- Fuel Expense $3,674
- Insurance Expense $3,644
- Trash Expense $1,700
- Water Sewer Expense $2,480
- Operating Expense $30,085
- Gross Income $94,200
- Net Operating Income $64,115
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2026 04/22/26 | Pending | -- | -- | -- | |
| 04/10/2026 04/10/26 | For Sale | $737,000 | +69.4% | -- | |
| 06/02/2023 06/02/23 | Sold | $435,000 | -5.2% | -- | View Prior Sale |
| 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)
MLS Number: 12603836
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 7416 W 63rd Place
- 7421 W 64th St
- 7458 W 64th Place
- 7224 W 63rd Place
- 7524 W 63rd Place
- 7614 W 63rd Place
- 6200 S Harlem Ave
- 7140 W 64th St
- 7300 W 61st St
- 7548 W 61st St
- 7051 W 64th Place
- 7710 66th St
- 6244 S Newland Ave Unit 2S
- 6257 S Newland Ave Unit 1N
- 6237 S Newland Ave Unit 1N
- 6952 W 65th St Unit 2B
- 7813 W 65th Place
- 6931 W 64th Place Unit 3C
- 7319 W 58th Place
- 7503 W 58th Place
Ask me questions while you tour the home.