7638 W 61st Place
Summit, IL 60501

Status: Sold
Multi Family
6 beds
3 baths
0 sq.ft
Listing Price: $295,000

About this home

Great Investment! Great Location! Two Flat and a Coach House! Three occupied units, each featuring two bedrooms, one full bathroom, a living room, and a kitchen. Utilities are separated for each unit: newer windows, siding, and roof-plenty of storage, unfinished basement, and walk-in attic-minutes from shopping, dining, public transportation, and interstate access.

Property details

Property / Lot Details
Acreage 0.08
Deconversion N
Lot Dimensions 30X112.5X1.3X26.5X125.50
Lot Description Corner Lot, Fenced Yard, Irregular Lot
Lot Size Less Than .25 Acre
NewConstructionYN 0
Ownership Fee Simple
Property Type Two to Four Units
Type Unit 2 Flat, Coach House
Number Of Units in Building 3
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1914
Parking and Garage Spaces 1
Exterior Building Type Vinyl Siding
Exterior Property Features Balcony,Porch
Foundation Concrete Perimeter
Parking Total 1
Parking Features Off Alley, Off Street
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
Virtual Tour Date 01/30/2021 8:08 am
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major Summit
Zoning Type MULTI
Corporate Limits Summit
Directions Archer Ave. to 61st Place to property.
Equipment Ceiling Fan(s)
Elementary School Dr Donald Wharton Elementary Sch
Elementary Sch Dist 104
Heat/Fuel Natural Gas
High Sch Argo Community High School
High Sch Dist 217
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Heritage Middle School
Jr High/Middle Dist 104
Subdivision Argo
Township Lyons
Waterfront 0
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Bedrooms (Below Grade) 0
Baths FULL Count 3
Baths Count 3
Full Baths in Building Count 3
Baths Half Count 0
Half Baths in Building Count 0
Total Rooms 12
unit 1
Appliances/Features Unit 1 Stove, Refrigerator, Window Air Conditioner
Beds Total 2
Number Full Baths-Unit 1 1
Baths Total 1
Lease Exp Date (Mo/Yr) - Unit 1 M/M
Number Of Rooms - Unit 1 4
Actual Rent 750
Sec Deposit $ - Unit 1 1000
Tenant Pays - Unit 1 Electric, Gas, Heat
Floor Number - Unit 1 1
Number Half Baths-Unit 1 0
unit 2
Beds Total 2
Baths Total 1
Actual Rent 925
Appliances/Features Unit 2 Stove, Refrigerator, Window Air Conditioner
Number Full Baths-Unit 2 1
Lease Exp Date (Mo/Yr) - Unit 2 M/M
Number Of Rooms - Unit 2 4
Sec Deposit $ - Unit 2 2000
Tenant Pays - Unit 2 Electric, Gas, Heat
Floor Number - Unit 2 2
Number Half Baths-Unit 2 0
unit 3
Beds Total 2
Baths Total 1
Actual Rent 670
Appliances/Features Unit 3 Stove, Refrigerator, Window Air Conditioner
Number Full Baths-Unit 3 1
Lease Exp Date (Mo/Yr) - Unit 3 M/M
Number Of Rooms - Unit 3 4
Sec Deposit $ - Unit 3 900
Tenant Pays - Unit 3 Electric, Gas, Heat
Floor Number - Unit 3 1
Number Half Baths-Unit 3 0


Financing FHA
Gross Rental Income $28,140
Insurance Expense $1,650
Insurance Expense Source Owner Projection
Net Oper Income $25,536
Other Addl Income Coin Laundry
Investment Profile Residential Income
Rental Income 29090
Scavenger Expense $624
Water Expense $1,280


Multiple Pin Numbers Yes
PIN 18133060240000
Special Assessments N
Taxes $11,088
Tax Exemptions None
Tax Year 2019
$295,000 Listing Price:
MLS # 10982345
Investment Profile Residential Income
Listing Market Time 238 days
Basement Full
Type Unit 2 Flat, Coach House
Number of Units in Building 3
Parking Space/s
List Date 01/29/2021
Year Built 1914
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