7621 W 63rd Street Summit, IL ^$ 500,000

7621 W 63rd Street

^$ 500,000

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Recently Listed

7621 W 63rd Street

Summit, IL, 60501

^$ 500,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 3,079

7621 W 63rd Street, Summit, IL 60501 - Image 1

7621 W 63rd Street, Summit, IL 60501 - Image 2

Commercial Property for sale in Summit, IL

for $500,000. This 5,000 square foot building was built in 1967 on a lot size of 0.47601.

Commercial Active

Price

^$ 500,000

Property Type

Commercial

Taxes

^$ 30,000

Style

Medical/Dental

Lot Size

0.47601

Year Built

1967

Town/City

Summit

County/Region

Cook

MLS | Web ID

12597296

Features

General

Cooling Central Air

Year Built 1967

Electric Separate Meters

Stories Count 1

Township Lyons

Property Subtype Business

Tax Year 2024

Current Use Medical/Dental

Gross Income 0

County Cook

Net Operating Income 30000

Operating Expense 40000

Property Type Commercial Sale Office/Tech

Status New

Directions take 63rd street to 7621

City Summit

Number Of Units Total 2

MLS Area Summit

Lot Size Square Feet 20735

Tax Annual Amount 30000

Additional Parcels Y/N Y

Leasable Area 5000

Standard Status Active

Exterior

Building Area Total 5000

Lot Dimensions 40x125

* Excluded Features

List By

Keller Williams Onechicago

Broker

richardschneider@kw.com

Affordability Calculator

$5,579

Per Month

Monthly Principal & Interest: $3,079
Monthly Property Taxes: $2,500
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 6.25% 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 ^$676,467

Percent of Sale Price 35%

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
3/20/2026	$500,000		Listed Price

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7621 W 63rd Street, Summit, IL, 60501 is a Commercial Property for sale at $500,000 with 5,000 sqft and a lot size of 0.47601. 7621 W 63rd Street was built in 1967. 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 6.25% 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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Data is updated as of 3/21/2026.

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7621 W 63rd Street

Commercial Property for sale in Summit, IL

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