7208 Park Avenue
Summit, IL 60501

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $399,900
Gallery single image view Gallery grid view Street view Map view

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.

Property details

Property / Lot Details
Acreage 0.08
Lot Size Less Than .25 Acre
Model 4 UNIT BUILDING
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 51-60 Years
3 Bedroom Unit in Building No
Approx Year Built 1964
Parking Total 4
Exterior Building Type Brick
Exterior Property Features Storms/Screens
Foundation Brick/Mortar
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major Summit
Zoning Type MULTI
Corporate Limits Summit
Directions I-55 AND HARLEM AVE. NORTH TO HANOVER 1ST WEST ON HANOVER TO 2ND STREET 73RD AVE NORTH TO PARK
Equipment CO Detectors, Ceiling Fan(s)
Elementary Sch Dist 104
Heat/Fuel Natural Gas
High Sch Dist 217
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 104
Township Lyons
Interior Features
Basement Description Slab
Basement Bathrooms No
Basement None
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 15
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1175
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 3
Security Deposit 1175
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 4
Security Deposit 1050
Tenant Pays Electric,Gas
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 4
Security Deposit 1200
Tenant Pays Electric,Gas
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 4
Security Deposit 1250
Tenant Pays Electric,Gas
Floor Number 2

Financials

Financing Conventional
Gross Rental Income $59,100
Other Addl Income Coin Laundry
Rental Income 56100
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 18124040220000
Special Assessments N
Taxes $8,642
Tax Exemptions None
Tax Year 2022
$399,900 Listing Price:
MLS # 11914136
Investment Profile Residential Income
Listing Market Time 47 days
Basement None
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 10/21/2023
Year Built 1964
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...