NOT LISTED FOR SALE

7416 W Archer Ave Summit, IL 60501

Summit Area
6 Beds
4 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: March 27, 2015

Last sale price $135,000

174 Days on Market

About This Home

As of March 2015

VERY GOOD CONDITION BRICK 4 UNIT BUILDING IN SUMMIT. BUILDING HAS BEEN UPDATED. TENANTS PAY THEIR OWN UTILITIES. 6 PARKING SPACES. COME AND SEE THIS MONEY MAKER AND MAKE AN OFFER. NEWER ROOF, YOU DON'T HAVE TO DO ANYTHING IN THIS BUILDING, E.M MUST BE CERTIFIED. 24 HRS NOTICE NEW WINDOWS INSTD. 2009 ... GOOD CONDITIONS BUT NO FHA LOANS...CONVENTIONAL ONLY..

Last Agent to Sell the Property

Maria Castillo

RE/MAX Mi Casa License #471000184 Listed on: 07/15/2014

RE/MAX Mi Casa

Last Buyer's Agent

Adriana De La Torre

RE/MAX Mi Casa License #475162824

RE/MAX Mi Casa
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,092

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Unassigned Parking

Utilities

  • Heating Available
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 35x125

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,092

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 5092
  • Tax Year: 2013
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 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, 2014
Closed on
Mar 27, 2015
Sold by
Bought by
Seller's Agent
Maria Castillo
RE/MAX Mi Casa
Buyer's Agent
Adriana De La Torre
RE/MAX Mi Casa
List Price
$149,000
Sold Price
$135,000
Premium/Discount to List
-$14,000
-9.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,645
Outstanding Balance
$94,469
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 2014
Sold by
Bought by

Purchase Details

Listed on
May 16, 2013
Closed on
Jun 11, 2013
Sold by
Bought by
Seller's Agent
Jenny Lima
RE/MAX 10
Buyer's Agent
Martha Lopez
RE/MAX Mi Casa
List Price
$114,900
Sold Price
$100,000
Premium/Discount to List
-$14,900
-12.97%

Purchase Details

Closed on
Apr 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2007
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
$10,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2004
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
$176,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 2, 1994
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
$135,000 Chicago Title
-- None Available
$100,000 None Available
-- None Available
-- Ctic He
$220,000 Atgf Inc
$134,000 --
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
Open $127,645
Closed $10,000
Closed $176,000
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
03/27/2015 03/27/15 Sold $135,000 0.0% --
01/05/2015 01/05/15 Pending -- -- --
12/12/2014 12/12/14 Off Market $135,000 -- --
10/22/2014 10/22/14 Price Changed $145,000 -2.7% --
10/21/2014 10/21/14 For Sale $149,000 0.0% --
10/01/2014 10/01/14 Pending -- -- --
08/19/2014 08/19/14 Price Changed $149,000 -3.2% --
07/24/2014 07/24/14 Price Changed $154,000 -3.1% --
07/15/2014 07/15/14 For Sale $159,000 +59.0% --
06/14/2013 06/14/13 Sold $100,000 -13.0% -- View Prior Sale
05/18/2013 05/18/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $114,900 -- --
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 $8,197 $26,711 $4,350 $22,361
2024 $8,197 $26,711 $4,350 $22,361
2023 $6,945 $26,711 $4,350 $22,361
2022 $6,945 $19,516 $3,750 $15,766
2021 $6,796 $19,516 $3,750 $15,766
2020 $7,056 $19,516 $3,750 $15,766
2019 $8,165 $21,189 $3,450 $17,739
2018 $7,893 $21,189 $3,450 $17,739
2017 $7,909 $21,189 $3,450 $17,739
2016 $5,978 $12,658 $3,000 $9,658
2015 $5,794 $12,658 $3,000 $9,658
2014 $5,670 $12,658 $3,000 $9,658
2013 $7,152 $17,781 $3,000 $14,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08673167

Midwest Real Estate Data (MRED)
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