$270,000
$279,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
7530 W 63RD Street Summit, IL 60501
3,594 SqFt
Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 3,594 sqft
Price per Sqft $75
MLS Listing ID 11739604
Sold Date 12/04/23
Year Built 1914
Annual Tax Amount $7,554
Tax Year 2021
Lot Dimensions 50X117
Property Description
7 UNIT APARTMENT BUILDING IN CONVENIENT SUMMIT LOCATION. 4 ONE BEDROOM UNITS AND 3 STUDIO APARTMENTS. THERE ARE 3 VACANT ONE BEDROOM UNITS (Please see attached rent roll). HEAT AND ELECTRIC INCLUDED IN RENT. BUILDING NEEDS TLC (SIDING WRAP AROUND AND UPDATING OF UNITS), HOWEVER, THERE HAVE BEEN SOME MAJOR IMPROVEMENTS: NEW BOILER (3 YEARS), COMPLETE TEAR OFF ROOF (5 YEARS), ALL 3 WATER HEATERS REPLACED IN THE PAST 4 YEARS & NEWER PARKING LOT IN THE BACK OF THE BUILDING! THERE IS LAUNDRY AND EXTRA STORAG SPACES IN THE BASEMENT. UPDATE THE UNITS TO BRING THE RENTS TO MARKET VALUE AND CREATE A CASH COW! THIS IS AN INVESTORS DREAM! Tours will begin on April 3rd between 2pm and 5pm.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Concrete,Wood Frame
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Pablo Galarza • RE/MAX Partners