NOT LISTED FOR SALE

7544 W 61st St Summit, IL 60501

7 Beds
2 Baths
-- Sq Ft
1917 Built

Last Sold November 17, 2022

Last sale price $229,000

14 Days on Market

Highlights

  • Property is near park
  • Pergola
  • Paved or Partially Paved Lot
  • Argo Community High School Rated A-

About This Home

As of November 2022

RARELY AVAILABLE 2-FLAT IN DESIRABLE SUMMIT LOCATION, FIRST FLOOR UNIT INCLUDES 3 BEDROOMS. SECOND FLOOR UNIT FEATURES 4 BEDROOMS. NEW ROOF IN 2020. UPDATED KITCHEN IN FIRST FLOOR UNIT. SEPARATE UTILITIES, FULL BASEMENT READY FOR YOUR IDEAS. LIVE IN ONE UNIT AND COLLECT RENT. CLOSE TO TRANSPORTATION, SHOPPING AND SCHOOLS. MOVE IN READY.

Last Agent to Sell the Property

Patricia Magallanes

Coldwell Banker Realty License #475170279 Listed on: 09/27/2022

Coldwell Banker Realty

Last Buyer's Agent

Ana Sandoval-Cremieux

Compass License #475164047

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,573

Year Built

  • Built in 1917

Lot Details

  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Alley Access
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Pergola
  • Property is near park

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $850
  • Water Sewer Expense $700
  • Gross Income $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,573

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1917
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • OtherStructures: Pergola
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Alley Access
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 700
  • Trash Expense Year: 600

Lot Info

  • Lot Dimensions: 30X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Insurance Expense: 850
  • GrossIncome: 17000
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6572.78
  • Tax Year: 2020
  • Tax Exemptions: None
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/17/2022 11/17/22 Sold $229,000 0.0% --
10/12/2022 10/12/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $229,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $7,708 $22,000 $2,719 $19,281
2024 $7,708 $22,000 $2,719 $19,281
2023 $6,597 $22,000 $2,719 $19,281
2022 $6,597 $15,292 $2,344 $12,948
2021 $6,420 $15,290 $2,343 $12,947
2020 $6,573 $15,290 $2,343 $12,947
2019 $7,730 $16,813 $2,156 $14,657
2018 $7,475 $16,813 $2,156 $14,657
2017 $7,465 $16,813 $2,156 $14,657
2016 $6,947 $14,710 $1,875 $12,835
2015 $6,733 $14,710 $1,875 $12,835
2014 $6,589 $14,710 $1,875 $12,835
2013 $6,310 $15,687 $1,875 $13,812
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11639780

Midwest Real Estate Data (MRED)