Closed

$399,900

7208 Park Avenue, Summit, IL 60501
7 Beds4 Baths7 days
7208 Park Avenue·Summit, IL 60501
7Bedrooms
4Bathrooms
1964Year Built
About This Home

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.

MLS# 11914136Listed October 21, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms15

Size & Structure

Year Built1964
Lot Size0.080 acres

Location

CountyCook
TownshipLyons
Zip Code60501

Financial

List Price$399,900
Annual Taxes (2022)$8,642
Monthly Tax Est.$720
Parcel #18124040220000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Brick/Mortar
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$8,642
Tax Year 2022
Monthly Tax Est.
$720
per month
Property Location

7208 Park Avenue, Summit, IL 60501Cook County

$399,900
7208 Park Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
0.080 acres
$8,642/yr taxes
$2,822
estimated monthly payment
Principal & Interest
$2,102/mo
Property Tax
$720/mo
$399,900
20% — $79,980
3%50%
6.875%
3%12%
Loan Amount
$319,920
Down Payment
$79,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Chicagoland Brokers Inc.
Agent: Gerardo Amaro
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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