7412 W 63rd Pl

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property...Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building's structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don't miss your chance to capitalize on this exceptional listing!
  1. Listed by Miriam Devries • Century 21 New Beginnings
    P: (815)-541-7097 C: (815)-541-7097 showingsbymiriam@gmail.com;SHOWINGSBYMIRIAM@GMAIL.COM

Property Details for 7412 West 63rd Place

Area
Summit
Township
Lyons
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 04/16/2026 12:06 AM

Property Details for 7412 West 63rd Place

StatusActive
MLS #12603836
Days on Market10
Taxes$16,820 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1961
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of Century 21 New Beginnings
Add your commute

Building Information for 7412 West 63rd Place

Stories2Residences6Year Built1961Building Size-Lot Size0.14 AC / 6,250 SF

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$5,113 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,711

Property Taxes

$1,402

HOA Dues

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Property Information for 7412 West 63rd Place

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required,Leases Avaliable
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 0
  • Heat/Ventilation: Gas,Baseboard
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 50 X 125
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 6
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 49
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $556.00
  • Fuel Expense: $3,674.00
  • Gross Income: $94,200.00
  • Insurance Expense: $3,644.00
  • Maintenance Expense: $.00
  • Total Annual Expense Source: Actual
  • Janitor Expense: 1200
  • Total Monthly Income: 7850
  • Net Operating Income: $64,115.00
  • Operating Expense: $30,085.00
  • Other Expense: $.00
  • Trash Expense: $1,700.00
  • Water Sewer Expense: $2,480.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7412 West 63rd Place

DateEvent & SourcePriceAppreciation
Apr 10, 2026

Listed (Active)

MRED #12603836

$737,000
Jun 2, 2023

Sold

MRED #11751572

$435,000
Apr 17, 2023

Pending

MRED #11751572

Apr 17, 2023

Contingent

MRED #11751572

Apr 4, 2023

Listed (Active)

MRED #11751572

$459,000
Jul 30, 2021

Sold

MRED #11099039

$399,000
Jul 12, 2021

Pending

MRED #11099039

Jul 6, 2021

Listed (Active)

MRED #11099039

$415,000
Aug 8, 2017

Sold

MRED #09636886

$262,500
May 31, 2017

Pending

MRED #09636886

May 23, 2017

Listed (Active)

MRED #09636886

$299,900
Apr 17, 2013

Cancelled

MRED #08224420

$269,900
Nov 24, 2012

Listed (Active)

MRED #08224420

$299,900
Nov 20, 2012

Expired

MRED #08108588

$299,900
Jul 6, 2012

Listed (Active)

MRED #08108588

$329,900
Jul 5, 2012

Expired

MRED #08035926

$329,900
Apr 5, 2012

Listed (Active)

MRED #08035926

$329,900
Apr 3, 2012

Expired

MRED #07967634

$329,900
Jan 3, 2012

Listed (Active)

MRED #07967634

$329,900
Sep 28, 2011

Expired

MRED #07844205

$329,900
Jun 28, 2011

Listed (Active)

MRED #07844205

$329,900
DateEvent & SourcePrice
04/10/2026

Listed (Active)

MRED #12603836

$737,000
06/02/2023

Sold

MRED #11751572

$435,000
04/17/2023

Pending

MRED #11751572

04/17/2023

Contingent

MRED #11751572

04/04/2023

Listed (Active)

MRED #11751572

$459,000
07/30/2021

Sold

MRED #11099039

$399,000
07/12/2021

Pending

MRED #11099039

07/06/2021

Listed (Active)

MRED #11099039

$415,000
08/08/2017

Sold

MRED #09636886

$262,500
05/31/2017

Pending

MRED #09636886

05/23/2017

Listed (Active)

MRED #09636886

$299,900
04/17/2013

Cancelled

MRED #08224420

$269,900
11/24/2012

Listed (Active)

MRED #08224420

$299,900
11/20/2012

Expired

MRED #08108588

$299,900
07/06/2012

Listed (Active)

MRED #08108588

$329,900
07/05/2012

Expired

MRED #08035926

$329,900
04/05/2012

Listed (Active)

MRED #08035926

$329,900
04/03/2012

Expired

MRED #07967634

$329,900
01/03/2012

Listed (Active)

MRED #07967634

$329,900
09/28/2011

Expired

MRED #07844205

$329,900
06/28/2011

Listed (Active)

MRED #07844205

$329,900

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

Schools near 7412 West 63rd Place

This home is within Argo Chsd 217 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Walsh Elementary School
PublicK to 5

W W Walker Elementary School
PublicK to 5

Dr Donald Wharton Elementary School
PublicK to 5

Heritage Middle School
Public6 to 8

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.

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Similar Homes

Similar Sold Homes

7412 West 63rd Place is a multi-family home for sale in Summit, IL 60501. This property was listed for sale on April 10, 2026 by Century 21 New Beginnings, it's currently listed at $737,000. It has been on the market for a total of 10 days and was last sold on June 2, 2023. This listing's school districts are Summit School District 104, Argo Chsd 217 School District. Nearby schools include Walsh Elementary School, W W Walker Elementary School and Dr Donald Wharton Elementary School. 7412 West 63rd Place is a 5-bed, 6-bath, multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 New Beginnings

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 04/16/2026 12:06 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.