7412 W 63rd PL, Summit, IL 60501
7412 W 63rd PL, Summit, IL 60501
7412 W 63rd PL, Summit, IL 60501
49
$725,000
$737,000
1.6%
Est.Price: ?

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7412 W 63rd PL Summit, IL 60501

Est. payment /mo
SOLD DATE : 07/07/2026

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Key Details

Sold Price $725,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12603836

Sold Date 07/07/26

Year Built 1961

Annual Tax Amount $16,820

Tax Year 2024

Lot Dimensions 50 X 125

Property Sub-Type Multi Family 5+

Property Description

Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building's structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don't miss your chance to capitalize on this exceptional listing!

Location

State IL

County Cook

Area Summit

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Miriam Devries of  Century 21 New Beginnings 
Bought with Katerina Pavlova of Pavlova Properties
Nearby Locations

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