5321 S 73rd Avenue
Summit, IL 60501

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $330,000

About this home

Welcome to your ideal investment opportunity in Summit! This charming brick 2-unit building features 5 bedrooms, 2 full bathrooms, updated kitchens, newer windows and a multitude of possibilities. Whether you are a savvy investor or a homeowner seeking the potential of additional revenue by renting out one unit, this property offers you the opportunity to do so. Upper unit has been updated with newly refinished hardwood floors, new light fixtures and freshly painted throughout. Appliances stay (two stoves and two refrigerators). Mechanical room located on the first floor (separate side door entrance) for easy access. Separate utilities for each unit. Property is conveniently situated near grocery stores, restaurants, highways, schools and an array of amenities. 2-car garage with an extra storage area attached to the garage. Currently month-to-month tenancy for the lower unit. Upper unit is vacant. Real Estate taxes do not reflect Homeowner Exemption. Sold in as-is condition. Don't wait, seize this fantastic investment today!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1962
Parking Total 2
Exterior Building Type Brick
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
MRD Virtual Tour Image360+realtor
School / Neighborhood, Utilities, Financing, Location Details
Area Major Summit
Zoning Type MULTI
Corporate Limits Summit
Directions Archer to 73rd Ave n. to 5321.
Elementary Sch Dist 104
Heat/Fuel Steam
High Sch Dist 217
Sewer Public Sewer
Water Public
Jr High/Middle Dist 104
Township Lyons
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 9
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M-M
Rooms Total 4
Security Deposit 1000
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 5
Tenant Pays None
Floor Number 2
Property / Lot Details
Deconversion N
Lot Dimensions 3936 SQFT
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing FHA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 18124050540000
Special Assessments N
Taxes $9,040
Tax Exemptions None
Tax Year 2022
$330,000 Listing Price:
MLS # 12003801
Investment Profile Residential Income
Listing Market Time 17 days
Basement None
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 03/13/2024
Year Built 1962
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