NOT LISTED FOR SALE

7418 W Hanover St Summit, IL 60501

6 Beds
3 Baths
-- Sq Ft
1969 Built

Last Sold August 04, 2023

Last sale price $247,500

7 Days on Market

Highlights

  • Corner Lot
  • 4-minute walk to Summit Station
  • Baseboard Heating
  • Argo Community High School Rated A-
  • 2 Car Detached Garage
  • 2-minute walk to Hanover Park

About This Home

As of August 2023

BEST AND FINAL OFFERS DUE BY SUNDAY, JULY 2ND AT 9:00pm. Attention experienced cash investors! Presenting 7418 W Hanover St, a multi-family home spanning 2,700 square feet on a 4,000 square foot lot. This property features 6 bedrooms and 2.5 bathrooms, offering tremendous potential. While the property boasts solid structural integrity, it necessitates a complete interior overhaul. All aspects, including the electrical, plumbing, roof, kitchen, bathrooms, and more, require updating. Due to a significant hoarding issue, it is not advisable to conduct a walk-through for safety reasons. Nevertheless, this property enjoys a prime location in Summit, conveniently situated near groceries, restaurants, highways, parks, schools, and an array of amenities. Cash offers are the only ones being considered. Don't miss this opportunity to transform a diamond in the rough!

Last Agent to Sell the Property

Rafael Murillo

Compass License #475169040 Listed on: 06/27/2023

Compass

Last Buyer's Agent

Antonio Castaneda

Su Familia Real Estate Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,531

Year Built

  • Built in 1969

Lot Details

  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • No Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Argo Community High School

Utilities

  • Baseboard Heating
  • Lake Michigan Water
  • Gas Water Heater

Community Details

  • 2 Units
  • Argo Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,531

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Argo
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Water Heater-Gas
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • High School: Argo Community High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 4000
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1530.58
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
08/04/2023 08/04/23 Sold $247,500 0.0% --
07/05/2023 07/05/23 Pending -- -- --
07/05/2023 07/05/23 Off Market $247,500 -- --
06/27/2023 06/27/23 For Sale $200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11815664

Midwest Real Estate Data (MRED)