7416 W 63rd Place
Summit, IL, 60501 $ 239,900
Bedrooms3 Baths1.1 Sq 1,200 Monthly Estimate*
$ 1,477
for $239,900 with 3 bedrooms and 1 full bath, 1 half bath. This 1,200 square foot home was built in 1961.
Calling all serious investors and vision-driven homeowners, this is the kind of opportunity that does not wait. Located in the red hot Summit area, this property is your chance to step into a project with real upside, strong fundamentals, and untapped potential. With amazing bones already in place, the foundation is set for something truly special. Recent improvements include a new roof, new windows, a new half bath in the basement, and a renovated full bath on the main level, giving you a head start while still leaving room to add your own vision and value. Whether you are looking to renovate, reposition, or build long-term equity, this property delivers the perfect canvas. It may require work, but for the right buyer, that is exactly where the opportunity begins. You are not just purchasing a property, you are securing the chance to create something meaningful and profitable. The property is being sold strictly as-is, with no survey or disclosures provided. The buyer will be responsible for all city inspections, property clean-out, and any required repairs. Taxes will be prorated at 100 percent, and all earnest money must be submitted in certified funds. All offers must include proof of funds or a pre-approval letter. This is a drive-by only opportunity with a site-unseen contract required. Please do not disturb or interfere with the tenant under any circumstances. All property details, including room count and lot size, are estimated and not guaranteed. Buyers are responsible for conducting their own due diligence. Opportunities like this come down to timing, vision, and decisiveness. If you recognize the value here, you already know your next move.
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FeaturesGeneralLiving Area 1200
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling None
Possession Closing
Roof Asphalt
Association Fee Includes None
Construction Materials Brick
Year Built 1961
Township Lyons
Tax Year 2022
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 5
Full Baths 1
Status Active
Directions Harlem to 63rd St. West to 74th Ave South to 63rd Pl West
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 1839
Standard Status Active
Middle/Junior School District 104
Elementary School District 104
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InteriorBasement Unfinished Full
Half Baths 1
Total Bedrooms 3
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 3
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ExteriorWater Source Public
Total Parking 0
Foundation Details Concrete Perimeter
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded FeaturesList ByRe/Max 10 Lincoln ParkBroker
polandproperties@aol.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,477
- Monthly Property Taxes
- $153
- Monthly 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.
Learn more about how to save NearbySingle family listings in Summit, IL
Average List Price $309,075
Percent of Sale Price 29%
About Summit, IL 10,949 Population
3% Since 2002
$ 47,359 Median Income
33.33 Median Age
45% Households with Children
Trends Information provided by ATTOM Data Solutions.
564553 Elementary School
564996 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/4/2026 | $239,900 | | Listed Price |