Last Sold Price
507 Summit Ave, Park Ridge, IL 60068

Description

Brick free standing 6-flat with extended family unit in the basement. Newer roof, windows, carpeting and some baths. Side drive with 2-car attached garage and 7 outdoor spaces. Owner may participate in creative financing. Seller says make offer. 48 hour notice to show. Call listing agent for showing. Lets make a deal!Brick free standing 6-flat with extended family unit in the basement. Newer roof, windows, carpeting and some baths. Side drive with 2-car attached garage and 7 outdoor spaces. Owner may participate in creative financing. Seller says make offer. 48 hour notice to show. Call listing agent for showing. Lets make a deal!
LISTING CLOSED: 01/24/2014 12:00 AM

  1. Listed by John • Platinum Realty, Inc.
    P: (847)-685-9600 jfsisco@msn.com

Sold By Coldwell Banker Residential

Property Details for 507 Summit Avenue

Status
MLS #
08275798
Days on Market
251
Taxes
$16,050 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Corridor-Exterior Entrance
Year Built
1960
Lot Size
0.22 AC / 9,450 SF
Area
Park Ridge
Township
MAINE
Num Of Parking Spaces
7.0
Air Conditioning Type
Wall Sleeve, Window Unit(s)
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute

Building Information for 507 Summit Avenue

Stories3Residences6Year Built1960Building Size-Lot Size0.22 AC / 9,450 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$4,713 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,375

Property Taxes

$1,338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 507 Summit Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Basement Description: Finished
  • Heat/Ventilation: Central Bldg Heat,Gas
  • # Of Window/Ac: 6
  • # Of Refrigerators: 7
  • Misc Inside: Storage Inside
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 50X189
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: None
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 7
Property and Assessments
  • Photos Count: 4
Miscellaneous
  • Land Amenities: Curbs and Gutters,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $870.00
  • Fuel Expense: $2,760.00
  • Gross Income: $69,480.00
  • Gross Scheduled Income: $71,400.00
  • Insurance Expense: $2,300.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2011
  • Total Monthly Income: 5950
  • Water Expense Source: Actual
  • Net Operating Income: $46,204.00
  • Operating Expense: $25,196.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $3,216.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 1: 6
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 1210
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
  • # Of Rooms - Unit 2: 4
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 3200
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 3: 3
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 625
  • Monthly Income Max - 3: 625
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 4: 4
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 745
  • Monthly Income Max - 4: 745
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 507 Summit Avenue

DateEvent & SourcePriceAppreciation
Jan 24, 2014

Sold (Public Record)

Public Record #410908692

$664,000

-2.7% / yr

Jan 24, 2014

Sold

MRED #08275798

$664,000
Oct 29, 2013

Pending

MRED #08275798

DateEvent & SourcePrice
01/24/2014

Sold (Public Record)

Public Record #410908692

$664,000

-2.7% / yr

01/24/2014

Sold

MRED #08275798

$664,000
10/29/2013

Pending

MRED #08275798

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Summit Avenue

Taxable ValueLand$15,725Additions$56,487Total$72,212
Tax Record2023$19,599 ($1,633 / month)
Home Facts
Baths6Total Finished SqFt4,280 SqFtAbove Grade Finished SqFt4,280 SqFtStories2Lot Size9,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyCOOKAPN09-36-111-018

Schools near 507 Summit Avenue

This home is within Maine Township Hsd 207 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Eugene Field Elementary School
PublicK to 5

Emerson Middle School
Public6 to 8

Maine South High School
Public9 to 12

Ralph J Frost Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

New listings in 60068

$450,000 | 75 Boardwalk Place, Unit 103, Park Ridge, IL 60068
1/20
Listed By CompassNew

$450,000

2
Bedrooms
1,224
Square Feet
$1,750,000 | 1234 South Western Avenue, Park Ridge, IL 60068
1/42
Listed By @properties

$1,750,000

5
Bedrooms
3,514
Square Feet
0.17
Acres
$1,650,000 | 535 Cedar Street, Park Ridge, IL 60068
1/47

$1,650,000

4
Bedrooms
5,541
Square Feet
0.22
Acres
$698,000 | 2405 Avondale Avenue, Park Ridge, IL 60068
1/32

$698,000

3
Bedrooms
2,257
Square Feet
0.17
Acres
$700,000 | 501 North Northwest Highway, Park Ridge, IL 60068
1/26

$700,000

6
Bedrooms
2,078
Square Feet
0.20
Acres
$875,000 | 1108 South Washington Avenue, Park Ridge, IL 60068
1/49

$875,000

5
Bedrooms
3,376
Square Feet
0.20
Acres
$750,000 | 204 South Home Avenue, Park Ridge, IL 60068
1/55

$750,000

4
Bedrooms
1,708
Square Feet
0.15
Acres
$274,000 | 2600 Windsor Lane, Unit 2E, Park Ridge, IL 60068
1/7

$274,000

2
Bedrooms
1,320
Square Feet
$700,000 | 845 North Merrill Street, Park Ridge, IL 60068
1/20

$700,000

3
Bedrooms
2,260
Square Feet
Unavailable
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Platinum Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:38 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.