$725,000
SOLD JUL 7, 2026

7412 W 63rd Place Summit Argo, IL 60501

Summit Area
-- Bed
-- Bath
-- Sq Ft
1961 Built

Sale Details

Date Sold: July 7, 2026

2% Below List Price

12 Days on Market

About This Home

As of July 2026

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!

Last Agent to Sell the Property

Miriam Devries

Century 21 New Beginnings License #475162036 Listed on: 04/10/2026

Century 21 New Beginnings

Last Buyer's Agent

Katerina Pavlova

Pavlova Properties License #471022201

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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

Listing and Financial Details

  • Tenant pays for electricity, heat

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,820

Year Built

Built in 1961

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Leases Avaliable
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1700
  • Water Sewer Expenses: 2480

Lot Info

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

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Leases,Month To Month

Multi Family

  • Net Operating Income: 64115
  • Fuel Expense: 3674
  • Insurance Expense: 3644
  • ElectricExpense: 556
  • GrossIncome: 94200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 30085
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 16820
  • Tax Year: 2024

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Summit Argo, IL

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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
07/07/2026 07/07/26 Sold $725,000 -1.6% --
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)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12603836

Midwest Real Estate Data (MRED)
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