7530 W 63rd St Summit, IL 60501
4
Beds
7
Baths
3,594
Sq Ft
5,850
Sq Ft Lot
About This Home
As of December 20237 UNIT APARTMENT BUILDING IN CONVENIENT SUMMIT LOCATION. 4 ONE BEDROOM UNITS AND 3 STUDIO APARTMENTS. THERE ARE 3 VACANT ONE BEDROOM UNITS (Please see attached rent roll). HEAT AND ELECTRIC INCLUDED IN RENT. BUILDING NEEDS TLC (SIDING WRAP AROUND AND UPDATING OF UNITS), HOWEVER, THERE HAVE BEEN SOME MAJOR IMPROVEMENTS: NEW BOILER (3 YEARS), COMPLETE TEAR OFF ROOF (5 YEARS), ALL 3 WATER HEATERS REPLACED IN THE PAST 4 YEARS & NEWER PARKING LOT IN THE BACK OF THE BUILDING! THERE IS LAUNDRY AND EXTRA STORAG SPACES IN THE BASEMENT. UPDATE THE UNITS TO BRING THE RENTS TO MARKET VALUE AND CREATE A CASH COW! THIS IS AN INVESTORS DREAM! Tours will begin on April 3rd between 2pm and 5pm.
Last Agent to Sell the Property
Prime Equities Corp License #471010016 Listed on: 03/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,554
Year Built
- Built in 1914
Lot Details
- 5,850 Sq Ft Lot
- Lot Dimensions are 50x117
Home Design
- Wood Frame Construction
- Frame Construction
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3,594 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 7 Bathrooms
Utilities
- Central Heating
- Heating System Uses Gas
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $3,357
- Fuel Expense $2,329
- Insurance Expense $2,165
- Trash Expense $400
- Water Sewer Expense $2,090
- Operating Expense $17,895
- Gross Income $52,020
- Net Operating Income $34,125
Similar Homes in Summit, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2023 12/04/23 | Sold | $270,000 | -3.2% | $75 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 03/31/2023 03/31/23 | For Sale | $279,000 | 0.0% | $78 / Sq Ft |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- |
| 03/17/2023 03/17/23 | For Sale | $279,000 | +123.2% | $78 / Sq Ft |
| 07/29/2015 07/29/15 | Sold | $125,000 | -13.8% | -- |
| 07/01/2015 07/01/15 | Pending | -- | -- | -- |
| 03/10/2015 03/10/15 | For Sale | $145,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tara Mathew
Seller's Agent in 2023
Tara Mathew
Prime Equities Corp
(847) 980-7267
1 in this area
20 Total Sales
-
The Galarza Team
Buyer's Agent in 2023
The Galarza Team
Century 21 New Beginnings
(773) 245-3445
4 in this area
529 Total Sales
-
Rich Clark
Seller's Agent in 2015
Rich Clark
Century 21 Circle
(708) 218-4668
78 Total Sales
-
Tony DeSanti
Buyer's Agent in 2015
Tony DeSanti
Century 21 Pride Realty
(708) 436-0280
7 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11739604
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