Rare investment Opportunity Alert! Here's your chance to own a money-maker in Summit! 4-Unit Property, 7-Bedrooms, 4-Bathrooms, 4 Parking spaces in the back of the building and Coins laundry room. Fully Occupied - Stable Income Stream Don't miss out on this incredible investment! Contact your local realtor today for more information or to schedule a private tour. Act fast-opportunities like this don't last long!
Closed
$420,000
7222 Park Ave, Summit, IL 60501
7beds
--sqft
Multi Family
Built in ----
-- sqft lot
$443,500 Zestimate®
$--/sqft
$1,928 Estimated rent
Home value
$443,500
$399,000 - $497,000
$1,928/mo
Zestimate® history
Owner options
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$1,928/mo
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$2,965/mo
Est. payment
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$2,965/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listing courtesy of:
Emmanuel Nevarez 708-712-1632,
Midwest SignatureProperties Co
Bought with:
Angel Ontiveros
RE/MAX Mi Casa
Source: MRED as distributed by MLS GRID,MLS#: 12254382
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
Heating
- Natural Gas, Steam, Baseboard
Features
- Basement: Crawl Space
Property
Parking
- Total spaces: 4
- Parking features: None, On Site, Other
Lot
- Size: 0.25 Acres
- Dimensions: 25X125
Details
- Parcel number: 18124040291000
- Zoning: MULTI
- Special conditions: None
- Other equipment: TV Antenna, Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
Details
- Builder model: 4 FLAT
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Summit
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $420,000+9.1% |
Source:  MRED as distributed by MLS GRID #12254382 Report a problem | ||
| 12/16/2024 | Pending sale | $385,000 |
Source: MRED as distributed by MLS GRID #12254382 Report a problem | ||
| 12/11/2024 | Listed for sale | $385,000+40% |
Source: MRED as distributed by MLS GRID #12254382 Report a problem | ||
| 11/18/2019 | Sold | $275,000-3.1% |
Source: MRED as distributed by MLS GRID #10534758 Report a problem | ||
| 10/7/2019 | Pending sale | $283,900 |
Source: Infiniti Properties Inc. #10534758 Report a problem | ||
| 9/4/2019 | Price change | $283,900-0.4% |
Source: Infiniti Properties Inc. #10455669 Report a problem | ||
| 8/28/2019 | Price change | $284,900-0.3% |
Source: Infiniti Properties Inc. #10455669 Report a problem | ||
| 8/21/2019 | Price change | $285,900-0.7% |
Source: Infiniti Properties Inc. #10455669 Report a problem | ||
| 7/18/2019 | Listed for sale | $287,900-0.3% |
Source: Infiniti Properties Inc. #10455669 Report a problem | ||
| 6/7/2019 | Listing removed | $288,900 |
Source: Infiniti Properties Inc. #10291276 Report a problem | ||
| 4/3/2019 | Listed for sale | $288,900+49.7% |
Source: Infiniti Properties Inc. #10291276 Report a problem | ||
| 8/8/2001 | Sold | $193,000+67.8% |
Source: Public Record Report a problem | ||
| 12/26/1996 | Sold | $115,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $31,000 |
| 2023 | $10,862 +25.7% | $31,000 +54.7% |
| 2022 | $8,643 +2.8% | $20,033 |
| 2021 | $8,411 -2.3% | $20,033 |
| 2020 | $8,612 +39.9% | $20,033 +19.1% |
| 2019 | $6,156 +3.4% | $16,820 |
| 2018 | $5,951 -29.7% | $16,820 -25.1% |
| 2017 | $8,467 +39.9% | $22,445 +46.6% |
| 2016 | $6,052 +4.2% | $15,312 |
| 2015 | $5,808 +1.7% | $15,312 |
| 2014 | $5,708 +15.4% | $15,312 +2.6% |
| 2013 | $4,946 -16.7% | $14,925 -10.5% |
| 2012 | $5,940 -6.6% | $16,681 -9.5% |
| 2011 | $6,358 -19.5% | $18,422 -31.5% |
| 2010 | $7,897 +12% | $26,880 |
| 2009 | $7,052 +2.3% | $26,880 -7% |
| 2008 | $6,895 +1.2% | $28,904 +10.2% |
| 2007 | $6,813 +2.6% | $26,223 |
| 2006 | $6,644 -8.6% | $26,223 |
| 2005 | $7,267 +13.2% | $26,223 +22% |
| 2004 | $6,417 +3.7% | $21,500 |
| 2003 | $6,188 +5.4% | $21,500 |
| 2002 | $5,873 +32.3% | $21,500 +17.3% |
| 2001 | $4,438 +7.1% | $18,329 |
| 2000 | $4,145 +14.4% | $18,329 |
| 1999 | $3,624 | $18,329 |
Find assessor info on the county website
Neighborhood: 60501
Nearby schools
GreatSchools rating
- 7/10Walsh Elementary SchoolGrades: K-5Distance: 0.7 mi
- 6/10Heritage Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Argo Community High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: 104
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Cook County
- Summit
- 60501
- 7222 Park Ave
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