T
Seller's Agent in 2021
Travis Rotheiser
HomeSmart Connect LLC
7514 W 63rd Place Summit, IL 60501
7
Beds
4
Baths
--
Sq Ft
3,485
Sq Ft Lot
About This Home
As of January 2021Investors dream, amazing cashflow on day one! This beautiful 4 unit building, is low maintenance with a lots of recent improvements. Sidewalks (2020), Two renovated units (2020), Roof (2016). Three 2 Bed/1 Bath units and One 1 Bed/1 Bath. Conveniently located near the highway and transportation. Walking distance to shopping, restaurants and entertainment. Fantastic rental income with 2 units on corporate guaranteed leases. Tenants pay electric and cooking gas. *Previous buyer could not obtain financing, appraisal came back FAR ABOVE ASKING PRICE!* Don't miss your opportunity, Call today to schedule your showing.
Last Agent to Sell the Property
Travis Rotheiser
HomeSmart Connect LLC License #475181356 Listed on: 11/30/2020
Last Buyer's Agent
Travis Rotheiser
HomeSmart Connect LLC License #475181356 Listed on: 11/30/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,736
Year Built
- Built in 1962
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 30x125
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Schools
- Argo Community High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $310
- Fuel Expense $1,798
- Insurance Expense $1,728
- Trash Expense $1,680
- Water Sewer Expense $1,714
- Gross Income $48,600
- Net Operating Income $41,370
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2021 01/22/21 | Sold | $313,311 | -0.5% | -- |
| 12/09/2020 12/09/20 | Pending | -- | -- | -- |
| 11/30/2020 11/30/20 | For Sale | $314,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| 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 | $10,511 | $30,000 | $2,530 | $27,470 |
| 2024 | $10,511 | $30,000 | $2,530 | $27,470 |
| 2023 | $8,145 | $30,000 | $2,530 | $27,470 |
| 2022 | $8,145 | $18,879 | $2,181 | $16,698 |
| 2021 | $7,927 | $18,879 | $2,181 | $16,698 |
| 2020 | $8,116 | $18,879 | $2,181 | $16,698 |
| 2019 | $12,736 | $27,703 | $2,006 | $25,697 |
| 2018 | $12,317 | $27,703 | $2,006 | $25,697 |
| 2017 | $12,300 | $27,703 | $2,006 | $25,697 |
| 2016 | $8,317 | $17,610 | $1,745 | $15,865 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10943566
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