7514 West 63rd Place

Summit, IL 60501

$313,311
Last Sold Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investors dream, amazing cashflow on day one! This beautiful 4 unit building, is low maintenance with a lots of recent improvements. Sidewalks (2020), Two renovated units (2020), Roof (2016). Three 2 Bed/1 Bath units and One 1 Bed/1 Bath. Conveniently located near the highway and transportation. Walking distance to shopping, restaurants and entertainment. Fantastic rental income with 2 units on corporate guaranteed leases. Tenants pay electric and cooking gas. Previous buyer could not obtain financing,...Investors dream, amazing cashflow on day one! This beautiful 4 unit building, is low maintenance with a lots of recent improvements. Sidewalks (2020), Two renovated units (2020), Roof (2016). Three 2 Bed/1 Bath units and One 1 Bed/1 Bath. Conveniently located near the highway and transportation. Walking distance to shopping, restaurants and entertainment. Fantastic rental income with 2 units on corporate guaranteed leases. Tenants pay electric and cooking gas. Previous buyer could not obtain financing, appraisal came back FAR ABOVE ASKING PRICE! Don't miss your opportunity, Call today to schedule your showing.
  1. Listed by Travis Rotheiser • Homesmart Connect LLC

Sold By Homesmart Connect LLC

Property Details for 7514 West 63rd Place

Area
Summit
Township
Lyons
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Num Of Cars
3.0
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 05/05/2021 10:23 AM

Property Details for 7514 West 63rd Place

StatusClosed
MLS #10943566
Days on Market53
Taxes$12,736 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1962
Lot Size0.08 AC / 3,484 SF
CountyCook County

Location

Add your commute

Building Information for 7514 West 63rd Place

Stories-Residences4Year Built1962Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$2,771 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,710

Property Taxes

$1,061

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7514 West 63rd Place

General Information
School Information
  • Elementary School District: 104
  • High School District: 217
  • High School: Argo Community High School
  • Middle Or Junior School District: 104
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, 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
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • 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
  • General Information: Interstate Access
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 25
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $310.00
  • Fuel Expense: $1,798.00
  • Gross Income: $48,600.00
  • Insurance Expense: $1,728.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $41,370.00
  • Trash Expense: $1,680.00
  • Water Sewer Expense: $1,714.00
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 4
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 1: 10-21-2024
  • Sec Deposit $ - Unit 1: 800
  • Tenant Pays - Unit 1: Electric, Gas
Unit 2
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 3
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 2: 08-21-2024
  • Sec Deposit $ - Unit 2: 1050
  • Tenant Pays - Unit 2: Electric, Gas
Unit 3
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 2
  • # Of Rooms - Unit 3: 4
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 3: 10-21-2024
  • Sec Deposit $ - Unit 3: 1150
  • Tenant Pays - Unit 3: Electric, Gas
Unit 4
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Floor # - Unit 4: 2
  • # Of Rooms - Unit 4: 4
  • # Half Baths-Unit 4: 0
  • # Full Baths-Unit 4: 1
  • Appliances/Features Unit 4: Stove, Refrigerator
  • Sec Deposit $ - Unit 4: 800
  • Tenant Pays - Unit 4: Electric, Gas

Property History for 7514 West 63rd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7514 West 63rd Place

Taxable ValueLand$2,181Additions$16,698Total$18,879
Tax Record2022$8,145 ($679 / month)
Home Facts
Baths4Total Finished SqFt2,904 SqFtAbove Grade Finished SqFt2,904 SqFtStories2Lot Size3,490 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN18-24-200-051

Schools near 7514 West 63rd Place

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
Walsh Elementary School
PublicK to 4

W W Walker 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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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 Homesmart Connect LLC

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.