$270,000

3,594

square ft

7530 W 63rd Street

Summit, Illinois 60501

Closed / MLS #11739604 / Multiple Family / Summit

Listing information updated 12/30/2023 at 11:23am

7 UNIT APARTMENT BUILDING IN CONVENIENT SUMMIT LOCATION. 4 ONE BEDROOM UNITS AND 3 STUDIO APARTMENTS. THERE ARE 3 VACANT ONE BEDROOM UNITS (Please see attached rent roll). HEAT AND ELECTRIC INCLUDED IN RENT. BUILDING NEEDS TLC (SIDING WRAP AROUND AND UPDATING OF UNITS), HOWEVER, THERE HAVE BEEN SOME MAJOR IMPROVEMENTS: NEW BOILER (3 YEARS), COMPLETE TEAR OFF ROOF (5 YEARS), ALL 3 WATER HEATERS REPLACED IN THE PAST 4 YEARS & NEWER PARKING LOT IN THE BACK OF THE BUILDING! THERE IS LAUNDRY AND EXTRA STORAG SPACES IN THE BASEMENT. UPDATE THE UNITS TO BRING THE RENTS TO MARKET VALUE AND CREATE A CASH COW! THIS IS AN INVESTORS DREAM! Tours will begin on April 3rd between 2pm and 5pm.

Full Features

Exterior Type:

Frame

Water Front:

Square Feet:

3,594

Built:

1914

Stories:

Zoning:

MULTI

Building Square Feet:

3,594

Current Net Income:

$34,125

Unit 1:

3 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

2 room(s) / 0 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$7,554

Tax Year:

2021

Location

Zip Code:

60501

City:

Summit

County:

Cook

Listing Office: Prime Equities Corp

Listing Office Phone: 847.980.7267

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/30/2023 at 11:23am. 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.

Summit, IL

The Village of Summit is a pretty sweet place to call home for residents and for industry. The village is home to several food-related businesses and manufacturers of corn syrup, baking powder and cooking oil. The largest corn milling and processing plant in the world is located in a section called...

Learn More

$269,920

Average Sale Price

117

Average Days On The Market

101%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in Summit, IL

Recently Sold Homes in Summit, IL

Popular Neighborhoods near Summit, IL

7530 W 63rd Street is a multiple family which sold for $270,000. This multiple family has been listed on @properties since March 17th, 2023 and was built in 1914.