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Sold on 10/27/2023
Gerardo Amaro of Chicagoland Brokers Inc.

7208 Park Ave, Summit, IL 60501

  • $415,500

    Last sold 10/27/2023 after 6 Days

  • 7

    bed

  • 4

    bath

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

About 7208 Park Ave

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 3,485 Sqft
Property description
Great investment rental property. 4-unit brick building 100% occupied. Very well maintained by its owner. Check out the rental income! Owner pays for heat, water and scavenger but laundry's income balances out the expenses. Every unit has window a/c. New water heater installed June 2019. Brand new furnace. No need to do anything. Tenants pay for electric and cooking gas. Close to I55 & Harlem Ave & Archer Ave. Just get it and start collecting rent.
Listed by
Listing Agent - Gerardo Amaro
Listing Office - Chicagoland Brokers Inc.
Source: MRED mls logo
MLS#11914136 • last updated 2 years ago
Movoto checked MRED for data 6 minutes ago
Overview
Heating Natural Gas
MLS # 11914136
SubType 4 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.08
Property Tax $ 8642.44
Year Built 1964
Buyer Agent Commission 2.5%, Net Sale Price
Interior
Basement None, Slab
Total # of Rooms 15
Exterior
Foundation Brick/Mortar
Roof Asphalt
Exterior Brick
Parking Desc Space/s
Exterior Features Storms/Screens
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Lake Michigan
# Units in Building 4
Location
Area Summit
County Cook
Elementary School District 104
Middle School District 104
High School District 217
APN 18124040220000
Zoning MULTI
Directions I-55 AND HARLEM AVE. NORTH TO HANOVER 1ST WEST ON HANOVER TO 2ND STREET 73RD AVE NORTH TO PARK
Multifamily Details
Gross Income 59100
Misc Income Coin Laundry
Total Rental Income 56100
  • Feb 2024
    mls logo MLS # 11914136
  • Feb 8, 2024 Sold
    $415,500 (+3.9%)
  • Oct 28, 2023 Active
    —
  • Oct 23, 2023 Price Change
    $399,900 (+100125.6%)
  • Oct 21, 2023 Listed
    $399 (-99.8%)
  • Nov 2018
    mls logo MLS # 10078928
  • Nov 21, 2018 Sold
    $197,000 (-8.6%)
  • Sep 25, 2018 Active
    —
  • Sep 11, 2018 Listed
    $215,500
  • 7208 Park Ave
    $415K
  • Summit
    —
  • 60501
    $304K +10% y/y
  • Summit
    $304K +6% y/y
No chart available
Statistics calculated by Movoto

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6/10
Walsh Elementary School
public Grades K-4
Summit School District 104
3/10
W W Walker Elementary School
public Grades K-4
Summit School District 104
3/10
Heritage Middle School
public Grades 6-8
Summit School District 104
5/10
Argo Community High School
public Grades 9-12
Argo Chsd 217 School District
Source: GreatSchools.org © 2026. All rights reserved.

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