NOT LISTED FOR SALE

7536 W 62nd St Summit, IL 60501

13 Beds
5 Baths
-- Sq Ft
1930 Built

Last Sold March 31, 2020

Last sale price $310,000

3 Days on Market

Highlights

  • Loft
  • Lower Floor Utility Room
  • Heating System Uses Steam
  • Argo Community High School Rated A-
  • Bungalow

About This Home

As of March 2020

PLANT YOUR MONEY TREE! REAP FRESH NEW PROFITS IN THIS 4 UNIT SOLID BRICK BUILDING WITH TERRIFIC CASH FLOW! INSIDE FIND LOTS OF RECENT IMPROVEMENTS INCLUDING RECENTLY COMPLETELY REMODELED 2ND FLOOR FRONT APARTMENT. REAR 1ST FLOOR APARTMENT WITH RECENTLY REMODELED KITCHEN. 5 NEW ELECTRICAL PANELS & METERS. NEWER PRIVATE STORAGE LOCKERS FOR TENANTS IN 'DRY' BASEMENT RECENTLY IMPROVED WITH GLASS BLOCK WINDOWS & RAIN WATER DISCHARGE PIPE TO THE CURB AWAITING YOUR FINISHING IDEAS FOR EXTRA LIVING SPACE OR STORAGE. NEWER ROOF - IN 2016, 2 NEWER BOILERS & 3 NEWER HOT WATER HEATERS - ABOUT 2 YEARS OLD. FINISHED ATTIC WITH MORE ENDLESS POSSIBILITIES (EXTRA LIVING SPACE/STORAGE/OFFICE) TERRIFIC PROPERTY FOR EITHER OWNER OCCUPANT OR 'ARM-CHAIR' INVESTMENT!

Last Agent to Sell the Property

Thomas Domasik

RE/MAX 10 in the Park License #475129362 Listed on: 02/24/2020

RE/MAX 10 in the Park

Last Buyer's Agent

Nury Ordonez

HomeSmart Connect LLC License #475145598

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,915

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 30x126

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Loft
  • Lower Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • 4 Unit

Building Details

  • Electric Expense $1,205
  • Insurance Expense $2,004
  • Trash Expense $795
  • Water Sewer Expense $2,642
  • Gross Income $45,240
  • Net Operating Income $38,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,915

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 13
  • Room Type: Kitchen, Loft, Utility Room-Lower Level
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 3

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • List Price: 285000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley, Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 795
  • Water Sewer Expenses: 2642
  • Trash Expense Year: 2019

Schools

  • High School: Argo Community High School
  • Middle/Junior School District: 104

Lot Info

  • Lot Dimensions: 30X126
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 38594
  • Insurance Expense: 2004
  • ElectricExpense: 1205
  • GrossIncome: 45240
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9914.81
  • Tax Year: 2018
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
03/31/2020 03/31/20 Sold $310,000 +8.8% --
02/27/2020 02/27/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $285,000 -- --
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: 10646235

Midwest Real Estate Data (MRED)