7236 Park Avenue

Summit, IL 60501

$365,000
Last Sold Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Here is a solid investment for the beginner or well-seasoned. Fully occupied building with parking. Bonus, there is an extra lot behind the building that seller rents out, coin operated washer & dryer that also brings income and they belong to owner. Building is solid and some updates have been made. Rents should be higher for the area in my opinion. Don't miss out come and see for yourself! Buyer uses Huntington Bank, closing costs are COVERED! Buyer is responsible for $500 at closing Contact Bisael...Here is a solid investment for the beginner or well-seasoned. Fully occupied building with parking. Bonus, there is an extra lot behind the building that seller rents out, coin operated washer & dryer that also brings income and they belong to owner. Building is solid and some updates have been made. Rents should be higher for the area in my opinion. Don't miss out come and see for yourself! Buyer uses Huntington Bank, closing costs are COVERED! Buyer is responsible for $500 at closing Contact Bisael Ramos NMLS #1492995 3319034333
  1. Listed by Jose Herrera • Northlake Realtors

Sold By RE/MAX MI CASA

Property Details for 7236 Park Avenue

Area
Summit
Township
Lyons
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Num Of Cars
4.0
Parking Included in Price
Yes
Heat/Fuel
Hot Water/Steam
Zoning
MULTI

Location

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LISTING UPDATED: 10/17/2023 09:21 AM

Property Details for 7236 Park Avenue

StatusClosed
MLS #11825539
Days on Market95
Taxes$9,057 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1963
Lot Size0.09 AC / 3,750 SF
CountyCook County

Location

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Building Information for 7236 Park Avenue

Stories-Residences4Year Built1963Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$2,747 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,992

Property Taxes

$755

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7236 Park Avenue

General Information
School Information
  • Elementary School District: 104
  • High School District: 217
  • Middle Or Junior School District: 104
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Street Lights, Street Paved
  • Basement Type: None
  • Bedrooms Possible: 7
  • Basement Description: Slab
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Utility Room-1st Floor
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Shake
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 5300
  • East Coordinate: 0
  • West Coordinate: 7200
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2023-07-11T17:36:04
  • Photos Count: 4
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $50.00
  • Fuel Expense: $176.00
  • Gross Income: $36,000.00
  • Insurance Expense: $132.00
  • Other Addl Income: Coin Laundry,Other
  • Trash Expense Year: 52
  • Water Sewer Expense: $197.00
Unit 1
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: M/M
Unit 2
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: M/M
Unit 3
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: M/M
Unit 4
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: M/M

Property History for 7236 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7236 Park Avenue

Taxable ValueLand$3,655Additions$17,917Total$21,572
Tax Record2022$9,307 ($776 / month)
Home Facts
Baths4Total Finished SqFt2,976 SqFtAbove Grade Finished SqFt2,976 SqFtStories2Lot Size5,849 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN18-12-404-035

Schools near 7236 Park Avenue

This home is within Argo Chsd 217 School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 4
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
W W Walker Elementary School
PublicK to 4

Walsh Elementary School
PublicK to 4

Heritage Middle School
Public6 to 8

Argo Community High School
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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northlake Realtors

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. Based on information submitted to the MLS GRID as of 10/17/2023 09:21 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.