NOT LISTED FOR SALE

7442 W 56th Place Summit Argo, IL 60501

Summit Area
5 Beds
3 Baths
1,890 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: May 5, 2017

Last sale price $161,000 $85 Per Sq Ft

32 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • Ceiling Fan
  • Argo Community High School Rated A-
  • Forced Air Heating System

About This Home

As of May 2017

Affordable investment opportunity priced to sell! This brick ranch features 3 units and is fully rented. Units 1 & 2 offer 2 bedrooms and 1 bathroom. Unit 3 offers 1 bedroom and 1 bathroom. Each unit has a separate furnace and gas meter. There is a full basement that provides a storage room for each unit and a coin-operated washer and dryer. This property has been wonderfully maintained and is truly turnkey. Located close to schools, shopping, and public transportation.

Last Agent to Sell the Property

Tisha Krakowski

RE/MAX Ultimate Professionals License #475162682 Listed on: 03/04/2017

RE/MAX Ultimate Professionals

Last Buyer's Agent

Shuvael Lockhart

Kale Realty License #475159945

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,400

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 45x124x45x124
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,400

Year Built

Built in 1926

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (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: 5
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0

Exterior Features

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

Garage/Parking

  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 45X124X45X124
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 6400
  • Tax Year: 2015
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 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
Mar 4, 2017
Closed on
May 5, 2017
Sold by
Bought by
Seller's Agent
Tisha Krakowski
RE/MAX Ultimate Professionals
Buyer's Agent
Shuvael Lockhart
Kale Realty
List Price
$164,900
Sold Price
$161,000
Premium/Discount to List
-$3,900
-2.37%

Purchase Details

Closed on
Jul 11, 2000
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
$129,136
Interest Rate
0.0787%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$161,000 Chicago Title Insurance Comp
-- Professional National Title
$125,000 --
-- --
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
Previous Owner $129,136
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
08/03/2017 08/03/17 Off Market $161,000 -- --
05/05/2017 05/05/17 Sold $161,000 -2.4% $85 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
03/04/2017 03/04/17 For Sale $164,900 -- $87 / Sq Ft
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 $8,498 $24,257 $4,046 $20,211
2024 $8,498 $24,257 $4,046 $20,211
2023 $8,925 $24,257 $4,046 $20,211
2022 $8,925 $20,688 $3,488 $17,200
2021 $8,686 $20,687 $3,487 $17,200
2020 $8,893 $20,687 $3,487 $17,200
2019 $8,816 $19,177 $3,208 $15,969
2018 $8,526 $19,177 $3,208 $15,969
2017 $7,016 $19,177 $3,208 $15,969
2016 $6,664 $16,607 $2,790 $13,817
2015 $6,400 $16,607 $2,790 $13,817
2014 $6,288 $16,607 $2,790 $13,817
2013 $5,834 $17,132 $2,790 $14,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09520977

Midwest Real Estate Data (MRED)

APN: 18-13-208-014

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