7506 W Hanover Street Summit, IL $ 475,000
7506 W Hanover Street
$ 475,000
Share Save

7506 W Hanover Street

Summit, IL, 60501
$ 475,000
Bedrooms7 Baths5.2

Monthly Estimate*

$ 3,318

7506 W Hanover Street, Summit, IL 60501 - Image 1
7506 W Hanover Street, Summit, IL 60501 - Image 2
7506 W Hanover Street, Summit, IL 60501 - Image 3
7506 W Hanover Street, Summit, IL 60501 - Image 4
7506 W Hanover Street, Summit, IL 60501 - Image 5
7506 W Hanover Street, Summit, IL 60501 - Image 6
7506 W Hanover Street, Summit, IL 60501 - Image 7
7506 W Hanover Street, Summit, IL 60501 - Image 8
7506 W Hanover Street, Summit, IL 60501 - Image 9
7506 W Hanover Street, Summit, IL 60501 - Image 10
7506 W Hanover Street, Summit, IL 60501 - Image 11

Multi-Family Home for sale in Summit, IL

for $475,000 with 7 bedrooms and 5 full baths, 2 half baths. This home was built in 1970.

Welcome to your golden opportunity! This charming brick 2-unit building with a garden unit is packed with potential and offers an exciting future in an up-and-coming area. Each unit has its own unique appeal. The spacious 3-bedroom, 1.5-bathroom layout on the 2nd floor ensures ample space for a growing family. The 1st-floor unit mirrors this generous layout, offering comfort and functionality. Additionally, the garden unit, with its 1 bedroom and 1 bathroom, provides a cozy retreat for a single occupant or couple. You'll love the convenience of the 2-car garage, which provides secure parking for your vehicles and extra storage space. One of the key advantages of this property is the separate utilities for each unit, giving you and your tenants control over your own expenses. Wall units are installed to cool the apartments, ensuring a comfortable living environment all year round. Heated by very affordable baseboard heat. Situated next to a park, this property is perfect for families who enjoy outdoor activities and picnics. Plus, with new construction projects popping up across the street, you'll be at the forefront of this area's growth and development. Whether you're an investor looking for a profitable opportunity or a homeowner seeking a comfortable place to live with the added benefit of extra income(estimated rents for 3 bed are $2200-$2400, 1 bed $1100-1200), this property offers a world of possibilities. Don't miss out on this chance to make this versatile property your own and unlock its incredible potential. Schedule a viewing today and take the first step toward securing your future in this thriving neighborhood!

See more

Multi-Family Pending

Price

$ 475,000

Bedrooms

7

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 8,500

Style

Year Built

1970

Town/City

Summit

County/Region

Cook

MLS | Web ID

11980415

Features
General
Sewer Public Sewer
Heating Natural Gas Baseboard
Possession Closing
Garage Spaces 2
Year Built 1970
Township Lyons
Tax Year 2022
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status Pending
Directions TAKE HARLEM TOWARDS ARCHER.. THEN HANOVER STEET(54TH ST ) WEST TO PROPERTY.
City Summit
High School District 104
MLS Area Summit
Waterfront Y/N N
Street Name Hanover
Elementary School Argo Community High School
Tax Annual Amount 8500
Days on Market 8
Standard Status Pending
Middle/Junior School District 217
Elementary School District 217
See more
Interior
Basement Full Finished
Street Suffix Street
Total Bedrooms 7
Total Baths 5
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 2
Total Number of Units 3
See more
Exterior
Water Source Public
Total Parking 2
Lot Dimensions 3907
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick
See more
* Excluded Features
List By
Dei Realty Llc

Broker

oscar@deichicago.com

Email

Affordability Calculator

$4,026
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,318
Monthly Property Taxes
$708
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4572448 Elementary School
566306 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2024$475,000 Listed Price

Map


See all

7506 W Hanover Street, Summit, IL, 60501 is a Multi-Family Home for sale at $475,000. 7506 W Hanover Street has 7 bedrooms, 5.2 baths, and was built in 1970. The property's zip code is 60501 which is in Summit, IL