NOT LISTED FOR SALE

7554 W 61st St Summit, IL 60501

8 Beds
4 Baths
-- Sq Ft
1925 Built

Last Sold April 20, 2020

Last sale price $240,000

8 Days on Market

Highlights

  • 2 Car Detached Garage
  • Argo Community High School Rated A-
  • Heating System Uses Steam

About This Home

As of April 2020

BRICK FOUR FLAT IN THE HEART OF SUMMIT, OFFERING 4, 2 BEDROOM APARTMENTS, LIVE IN ONE AND LET THE RENTS PAY THE MORTGAGE. COME AND TAKE A LOOK AT THIS WELL KEPT GEM. CLOSE TO SCHOOLS, PUBLIC TRANSPORTATION, AND MINUTES FROM I55.

Last Agent to Sell the Property

Maria Rodriguez

Re/Max In The Village License #471008103 Listed on: 02/08/2020

Re/Max In The Village

Last Buyer's Agent

Diana Arellano

Diana Arellano License #471010109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,648

Year Built

  • Built in 1925 | Remodeled in 2012

Lot Details

  • Lot Dimensions are 125x30

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,648

Year Built

Built in 1925 | Remodeled in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125X30
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 9648.43
  • Tax Year: 2018

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s
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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 List to Sale Price per Sq Ft Prior Sale
04/20/2020 04/20/20 Sold $240,000 0.0% --
02/16/2020 02/16/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $240,000 +182.4% --
08/28/2012 08/28/12 Sold $85,000 -14.1% -- View Prior Sale
05/21/2012 05/21/12 Pending -- -- --
04/14/2012 04/14/12 Price Changed $99,000 -13.9% --
02/25/2012 02/25/12 For Sale $115,000 -- --
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 $7,948 $26,000 $2,719 $23,281
2024 $7,948 $26,000 $2,719 $23,281
2023 $5,729 $26,000 $2,719 $23,281
2022 $5,729 $16,701 $2,344 $14,357
2021 $5,613 $16,699 $2,343 $14,356
2020 $7,179 $16,699 $2,343 $14,356
2019 $9,977 $21,701 $2,156 $19,545
2018 $9,648 $21,701 $2,156 $19,545
2017 $9,635 $21,701 $2,156 $19,545
2016 $8,129 $17,212 $1,875 $15,337
2015 $7,878 $17,212 $1,875 $15,337
2014 $7,710 $17,212 $1,875 $15,337
2013 $7,618 $18,940 $1,875 $17,065
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10632018

Midwest Real Estate Data (MRED)