Closed

$475,000

7506 Hanover Street, Summit, IL 60501
7 Beds5 Baths8 days
7506 Hanover Street·Summit, IL 60501
7Bedrooms
5Bathrooms
1970Year Built
About This Home

Welcome to your golden opportunity! This charming brick 2-unit building with a garden unit is packed with potential and offers an exciting future in an up-and-coming area. Each unit has its own unique appeal. The spacious 3-bedroom, 1.5-bathroom layout on the 2nd floor ensures ample space for a growing family. The 1st-floor unit mirrors this generous layout, offering comfort and functionality. Additionally, the garden unit, with its 1 bedroom and 1 bathroom, provides a cozy retreat for a single occupant or couple. You'll love the convenience of the 2-car garage, which provides secure parking for your vehicles and extra storage space. One of the key advantages of this property is the separate utilities for each unit, giving you and your tenants control over your own expenses. Wall units are installed to cool the apartments, ensuring a comfortable living environment all year round. Heated by very affordable baseboard heat. Situated next to a park, this property is perfect for families who enjoy outdoor activities and picnics. Plus, with new construction projects popping up across the street, you'll be at the forefront of this area's growth and development. Whether you're an investor looking for a profitable opportunity or a homeowner seeking a comfortable place to live with the added benefit of extra income(estimated rents for 3 bed are $2200-$2400, 1 bed $1100-1200), this property offers a world of possibilities. Don't miss out on this chance to make this versatile property your own and unlock its incredible potential. Schedule a viewing today and take the first step toward securing your future in this thriving neighborhood!

MLS# 11980415Listed February 14, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms5
Total Rooms20

Size & Structure

Garage Spaces2
Year Built1970
Lot Size3907

Location

CountyCook
TownshipLyons
Zip Code60501

Financial

List Price$475,000
Annual Taxes (2022)$8,500
Monthly Tax Est.$708
Parcel #18124200120000
Interior Features

Heating

Natural GasBaseboard

Basement

FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedGarage
Schools
Elementary
Argo Community High School
District: 217
Tax & Financial
Annual Taxes
$8,500
Tax Year 2022
Monthly Tax Est.
$708
per month
Property Location

7506 Hanover Street, Summit, IL 60501Cook County

$475,000
7506 Hanover Street
7 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
2-car garage
3907
$8,500/yr taxes
$3,205
estimated monthly payment
Principal & Interest
$2,496/mo
Property Tax
$708/mo
$475,000
20% — $95,000
3%50%
6.875%
3%12%
Loan Amount
$380,000
Down Payment
$95,000

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

Listed by
DEI Realty LLC
Agent: Oscar Darden
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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