NOT LISTED FOR SALE

7558 W 63rd Place Summit Argo, IL 60501

Summit Area

Estimated Value: $257,000 - $304,000

8 Beds
4 Baths
1,380 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2024

Last sale price $230,000 $167 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,212 / mo

2 Days on Market

About This Home

As of May 2024

Great Investment Opportunity. This property is sold "As Is". Total Rehab necessary. Four Flat with 2 units on First Floor, 2 basement units. Each Unit has Living Room, Kitchen, Bathroom and 2 Bedroom Spaces. 2 Parking Spaces behind building. Close to Elementary School and High School. Easy access to I-55 and Midway Airport.

Last Agent to Sell the Property

Dena Furlow

Keller Williams Infinity License #471006891 Listed on: 04/29/2024

Keller Williams Infinity

Last Buyer's Agent

Josue Duarte

Duarte Realty Company License #471020983

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,248

Year Built

  • Built in 1965

Lot Details

  • 3,136

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Argo Community High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,248

Year Built

Built in 1965

Lot Details

3,136 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 2
  • Parking Features: Off Street
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Sewer-Storm
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • High School: Argo Community High School

Lot Info

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

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7248.28
  • Tax Year: 2022

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
May 14, 2024
Sold by
Bailey Aliciea and Bush Ossie
Bought by
Seller's Agent
Dena Furlow
Keller Williams Infinity
Buyer's Agent
Josue Duarte
Duarte Realty Company
List Price
$200,000
Sold Price
$230,000
Premium/Discount to List
$30,000
15%
Views
68
Current Estimated Value
$278,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,966
Avg. Annual Appreciation
9.57%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$230,000 None Listed On Document
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/22/2024 05/22/24 Sold $230,000 +15.0% $167 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $200,000 -- $145 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,058 $23,000 $2,266 $20,734
2024 $8,058 $23,000 $2,266 $20,734
2023 $6,771 $23,000 $2,266 $20,734
2022 $6,771 $15,694 $1,953 $13,741
2021 $6,589 $15,694 $1,953 $13,741
2020 $6,746 $15,694 $1,953 $13,741
2019 $7,609 $16,550 $1,796 $14,754
2018 $7,358 $16,550 $1,796 $14,754
2017 $7,348 $16,550 $1,796 $14,754
2016 $6,577 $13,927 $1,562 $12,365
2015 $6,374 $13,927 $1,562 $12,365
2014 $6,238 $13,927 $1,562 $12,365
2013 $6,319 $15,709 $1,562 $14,147
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12033507

Midwest Real Estate Data (MRED)

APN: 18-24-200-025-0000

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