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Sold on 07/08/2022
Kate Schumacher of Baird & Warner Real Estate - Algonquin
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503 Summit St, Algonquin, IL 60102

$371,000

Last sold 07/08/2022 for $285K

  • 4

    bed

  • 3

    bath

Multi-family not for sale
Learn about Algonquin's top local Real Estate agents

About 503 Summit St

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 0.29 Acre
Movoto estimate
Parking 2 garage spaces
Property description
Amazing Investment Opportunity! Legal Non-Conforming two-unit home in highly sought after location. Separate Electric Meters. One unit is ranch unit with basement - has main floor main bedroom and bathroom w/ kitchen and dining area, along with 3 lower level rooms used for bedrooms and another living area. 2nd full bathroom on lower level as well. Upstairs apartment is over the garage and is a 1 bedroom/1 bathroom apartment with kitchen and combination living room/eating area. Extra large fenced in backyard, 2 car garage, and large shared laundry room make this place even more desirable for interested tenants. Come check this one out today and start earning income! Or live in one half and rent out the other side to help cover the bills! An in-law or joint family arrangement is yet another possible use for this home! Don't miss out on this amazing rare opportunity! Bring your updates and ideas to make this place work for you!!!
Listed by
Listing Agent - Kate Schumacher
Listing Office - Baird & Warner Real Estate - Algonquin
Source: MRED mls logo
MLS#11429930 • last updated 4 years ago
Movoto checked MRED for data 13 minutes ago
Overview
MLS # 11429930
Virtual Tour N/A
SubType 2 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.29
Property Tax $ 5714.58
Year Built 1960
Interior
Total # of Rooms 10
Exterior
Foundation Concrete Perimeter
Roof Asphalt
# Garage Spaces 2
Fencing Fenced
Other Structures None
Lot Desc .25-.49 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 2
Location
Area Algonquin
County Mc Henry
Subdivision Janak
Elementary School Eastview Elementary School
Elementary School District 300
High School Dundee-Crown High School
Middle School District 300
Middle School Algonquin Middle School
High School District 300
APN 1934333002
Directions Algonquin Rd. (Rte 62) Just East Of The River/Bridge To Hubbard S To Webster Left To Summit Right To PIQ On Left.
$371K
Range: $330K-$411K
Last 30 days 
  • Aug 2022
    Public Records
  • Aug 29, 2022 Sold
    $285,000 (-1.4%)
  • Aug 2022
    mls logo MLS # 11429930
  • Aug 23, 2022 Sold
    $289,000 (+3.6%)
  • Jun 8, 2022 Listed
    $279,000 (+21.3%)
  • Jun 2020
    mls logo MLS # 10710553
  • Jun 4, 2020 Temporarily No Showings
    —
  • May 28, 2020 Listed
    $230,000
  • Year Property taxes Tax assessment
  • 2025
    $7,770 +6.4%
    $100,942 +8.11%
  • 2024
    $7,304 +4.5%
    $93,369 +11.81%
  • 2023
    $6,991 +17.9%
    $83,507 +20.8%
  • 2022
    $5,928 +3.7%
    $69,129 +7.34%
  • 2021
    $5,715 +2.4%
    $64,402 +3.67%
  • 2020
    $5,578 +2.2%
    $62,122 +4.48%
  • 2019
    $5,460 -99.0%
    $59,459 +8.25%
  • 2018
    $523,554 +10158.4%
    $54,928 +6.15%
  • 2016
    $5,104 +1.5%
    $51,746 -6.92%
  • 2015
    $5,030 -17.3%
    $55,596
  • 2014
    $6,080
    —
  • 503 Summit St
    $285K
  • Algonquin
    $375K
  • 60102
    $474K +5% y/y
  • Algonquin
    $474K +5% y/y
No chart available
Statistics calculated by Movoto

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9/10
Eastview Elementary School
public Grades PK, K-5
Community Unit School District 300
5/10
Algonquin Middle School
public Grades 6-8
Community Unit School District 300
5/10
Dundee-Crown High School
public Grades 9-12
Community Unit School District 300
Source: GreatSchools.org © 2026. All rights reserved.

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