NOT LISTED FOR SALE

7648 W 62nd St Summit, IL 60501

Summit Area
6 Beds
4 Baths
-- Sq Ft
1993 Built

Sale Details

Date Sold: January 28, 2025

Last sale price $452,200

6 Days on Market

About This Home

As of January 2025

Beautiful, newer 4-unit property built in 1993 located in the heart of Summit. Featuring two units with 2 bedrooms/1 bathroom and two units with 1 bedroom/1 bathroom. Each unit pays its own utilities with separate electric and gas. Each unit has its forced air heat w/ AC. One parking spot for each unit. Just steps away from the main business corridors of Summit. Perfect location for those in need of public transportation or easy access to the expressway. This is a turnkey investment opportunity. Ideal for investors or homeowners seeking rental income opportunities.

Last Agent to Sell the Property

Joe Castillo

RE/MAX Mi Casa License #471000216 Listed on: 12/05/2024

RE/MAX Mi Casa

Last Buyer's Agent

Marek Wyszomirski

Infiniti Properties, Inc. License #471003397

Infiniti Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,738

Year Built

  • Built in 1993

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Lot Details

  • Lot Dimensions are 26 x 124 x 59 x 128

Schools

  • Argo Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,738

Year Built

Built in 1993

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1993
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • 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: None
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Schools

  • High School: Argo Community High School

Lot Info

  • Lot Dimensions: 26 X 124 X 59 X 128
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: All,Electric,Gas

Tax Info

  • Tax Annual Amount: 6738
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

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
Dec 5, 2024
Closed on
Jan 26, 2025
Sold by
Bought by
Seller's Agent
Joe Castillo
RE/MAX Mi Casa
Buyer's Agent
Marek Wyszomirski
Infiniti Properties, Inc.
List Price
$425,000
Sold Price
$452,200
Premium/Discount to List
$27,200
6.4%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,980
Interest Rate
0.0699%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,520
Interest Rate
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0642%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$452,500 Old Republic Title
-- Greater Illinois Title
$405,000 Pntn
-- Chicago Title Insurance Co
$140,000 --
$170,000 Enterprise Land Title Ltd
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $406,980
Previous Owner $207,520
Closed $300,000
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
01/28/2025 01/28/25 Sold $452,200 +6.4% --
12/11/2024 12/11/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $425,000 -- --
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 $9,848 $31,423 $3,807 $27,616
2024 $9,848 $31,423 $3,807 $27,616
2023 $6,738 $31,423 $3,807 $27,616
2022 $6,738 $19,039 $3,282 $15,757
2021 $6,595 $19,037 $3,281 $15,756
2020 $6,850 $19,037 $3,281 $15,756
2019 $9,658 $24,437 $3,019 $21,418
2018 $10,141 $26,243 $3,019 $23,224
2017 $10,153 $26,243 $3,019 $23,224
2016 $8,122 $19,694 $2,625 $17,069
2015 $7,813 $19,694 $2,625 $17,069
2014 $7,671 $19,694 $2,625 $17,069
2013 $6,496 $18,779 $2,625 $16,154
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12221892

Midwest Real Estate Data (MRED)
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