5722 S Harlem Avenue Summit, IL ^$ 324,900

5722 S Harlem Avenue

^$ 324,900

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5722 S Harlem Avenue

Summit, IL, 60501

^$ 324,900

Studio Baths0.0

Monthly Estimate*

^$ 2,270

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Studio

Commercial Property for sale in Summit, IL

for $324,900. This building was built in 1961 on a lot size of 0.07174.

HIGHLY VISIBLE HARLEM AVENUE MIXED USE. LONG-TIME OWNER CURRENTLY OCCUPIES THE PROPERTY. RUN YOUR BUSINESS AND LIVE IN THE SAME BUILDING OR BECOME THE LANDLORD OF THE BUILDING. 1ST FLOOR IS APPROXIMATELY 1500SF AND INCLUDES A KITCHEN AREA/FULL BATHROOM AND 2-CAR ATTACHED GARAGE. 1ST FLOOR HAS AC UNIT! REMODELED BATHROOM IN 2019. 2ND FLOOR APARTMENT HAS 3 BEDROOMS, 1 BATHROOM AND A ROUGH-IN FOR A 2ND BATHROOM. ROOF REPLACED IN 2016, BOILER 1994 AND HWT 2000. SOME WINDOWS REPLACED IN 2007. THE ATTACHED 2-CAR GARAGE ALSO INCLUDES A GARAGE HEATER. ADD'L BONUS ROOM ON 2ND FLOOR CAN BE FINISHED INTO A FAMILY ROOM/ETC!

Commercial Active

Price

^$ 324,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 10,237

Style

Lot Size

0.07174

Year Built

1961

Town/City

Summit

County/Region

Cook

MLS | Web ID

12004870

Features

General

Cooling Central Individual Window Unit(s)

Year Built 1961

Electric Circuit Breakers

Tenant Pays Other

Stories 2

Township Lyons

Property SubType Apts/Stores

Tax Year 2022

Gross Income 0

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions ARCHER AVENUE TO HARLEM SOUTH TO PROPERTY

City Summit

Total Units 2

MLS Area Summit

Lot Size Square Feet 3125

Street Name Harlem

Tax Annual Amount 10237

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 42

Standard Status Active

Exterior

Lot Dimensions 25X125

Interior

Street Suffix Avenue

* Excluded Features

List By

Wilk Real Estate

Broker

brentwilk@comcast.net; teamwilkreo@comcast.net

Affordability Calculator

$3,123

Per Month

Monthly Principal & Interest: $2,270
Monthly Property Taxes: $853
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

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Nearby

Trends
Schools

Commerical listings in Summit, IL

Average List Price ^$904,980

Percent of Sale Price 179%

About Summit, IL

10,949 Population

3% Since 2002

^$47,359 Median Income

33.33 Median Age

45% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2024	$324,900	-2.99%	Price Down
3/26/2024	$334,900	-4.29%	Price Down
3/15/2024	$349,900		Listed Price

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5722 S Harlem Avenue, Summit, IL, 60501 is a Commercial Property for sale at $324,900 with a lot size of 0.07174. 5722 S Harlem Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 60501 which is in Summit, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/28/2024.

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5722 S Harlem Avenue

Commercial Property for sale in Summit, IL

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