4-Unit Building in Summit, IL - A Rare Opportunity! Well-maintained, this property offers excellent rental potential with each unit featuring comfortable living spaces and a shared washer/dryer. Ac window units and central heat. Conveniently located near shops, schools, restaurants, and public transportation, it's perfect for investors or owner-occupants. Exterior parking included. Whether you're looking to renovate or maintain as-is, this property fits any investment strategy. Schedule your showing today!
Closed
$450,000
7224 Park Ave, Summit Argo, IL 60501
7beds
--sqft
Multi Family
Built in ----
-- sqft lot
$480,200 Zestimate®
$--/sqft
$1,772 Estimated rent
Home value
$480,200
$427,000 - $538,000
$1,772/mo
Zestimate® history
Owner options
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$1,772/mo
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$1,772/mo
Rent Zestimate®
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$3,208/mo
Est. payment
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$3,208/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Karina Hiselman 872-303-5134,
Compass
Bought with:
Karina Hiselman
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12283506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: None
Property
Parking
- Total spaces: 4
Lot
- Size: 3,125 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 18124040300000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Summit Argo
Financial & listing details
- Tax assessed value: $310,000
- Annual tax amount: $9,699
- Date on market: 2/4/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 4/28/2025 | Sold | $450,000+12.5% |
Source:  MRED as distributed by MLS GRID #12283506 Report a problem | ||
| 2/11/2025 | Pending sale | $399,900 |
Source: MRED as distributed by MLS GRID #12283506 Report a problem | ||
| 2/10/2025 | Listing removed | $399,900 |
Source: MRED as distributed by MLS GRID #12283506 Report a problem | ||
| 2/4/2025 | Listed for sale | $399,900+505.9% |
Source: MRED as distributed by MLS GRID #12283506 Report a problem | ||
| 4/25/2011 | Sold | $66,000-79% |
Source: MRED as distributed by MLS GRID #07695410 Report a problem | ||
| 12/16/2004 | Sold | $315,000+96.9% |
Source: Public Record Report a problem | ||
| 7/8/1999 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $31,000 |
| 2023 | $9,700 +35.3% | $31,000 +54.7% |
| 2022 | $7,167 +46% | $20,033 |
| 2021 | $4,910 | $20,033 |
| 2020 | -- | $20,033 -18.8% |
| 2019 | -- | $24,681 |
| 2018 | -- | $24,681 |
| 2017 | $9,459 +37.5% | $24,681 +44.7% |
| 2016 | $6,878 +4.1% | $17,061 |
| 2015 | $6,608 +1.8% | $17,061 |
| 2014 | $6,492 +2.2% | $17,061 -7.4% |
| 2013 | $6,352 -4.7% | $18,422 |
| 2012 | $6,669 +4.9% | $18,422 |
| 2011 | $6,358 -19.5% | $18,422 -33.8% |
| 2010 | $7,897 +12% | $27,837 |
| 2009 | $7,052 +2.3% | $27,837 -7% |
| 2008 | $6,895 +1.2% | $29,933 +14.1% |
| 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 +7.7% | $21,500 +3.8% |
| 2003 | $5,960 +1.5% | $20,706 -3.7% |
| 2002 | $5,873 +17.7% | $21,500 +17.3% |
| 2001 | $4,989 +7.2% | $18,329 |
| 2000 | $4,652 +15.6% | $18,329 |
| 1999 | $4,024 | $18,329 |
Find assessor info on the county website
Neighborhood: 60501
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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
- High: Argo Community High School
- 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
- 7224 Park Ave
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