7412 W 63rd Place Summit, IL $ 737,000
7412 W 63rd Place
$ 737,000
Share Save

7412 W 63rd Place

Summit, IL, 60501
$ 737,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 4,538

7412 W 63rd Place, Summit, IL 60501 - Image 1
7412 W 63rd Place, Summit, IL 60501 - Image 2
7412 W 63rd Place, Summit, IL 60501 - Image 3
7412 W 63rd Place, Summit, IL 60501 - Image 4
7412 W 63rd Place, Summit, IL 60501 - Image 5
7412 W 63rd Place, Summit, IL 60501 - Image 6
7412 W 63rd Place, Summit, IL 60501 - Image 7
7412 W 63rd Place, Summit, IL 60501 - Image 8
7412 W 63rd Place, Summit, IL 60501 - Image 9
7412 W 63rd Place, Summit, IL 60501 - Image 10
7412 W 63rd Place, Summit, IL 60501 - Image 11
7412 W 63rd Place, Summit, IL 60501 - Image 12
7412 W 63rd Place, Summit, IL 60501 - Image 13
7412 W 63rd Place, Summit, IL 60501 - Image 14
7412 W 63rd Place, Summit, IL 60501 - Image 15
7412 W 63rd Place, Summit, IL 60501 - Image 16
7412 W 63rd Place, Summit, IL 60501 - Image 17
7412 W 63rd Place, Summit, IL 60501 - Image 18
7412 W 63rd Place, Summit, IL 60501 - Image 19
7412 W 63rd Place, Summit, IL 60501 - Image 20
7412 W 63rd Place, Summit, IL 60501 - Image 21
7412 W 63rd Place, Summit, IL 60501 - Image 22
7412 W 63rd Place, Summit, IL 60501 - Image 23
7412 W 63rd Place, Summit, IL 60501 - Image 24
7412 W 63rd Place, Summit, IL 60501 - Image 25
7412 W 63rd Place, Summit, IL 60501 - Image 26
7412 W 63rd Place, Summit, IL 60501 - Image 27
7412 W 63rd Place, Summit, IL 60501 - Image 28
7412 W 63rd Place, Summit, IL 60501 - Image 29
7412 W 63rd Place, Summit, IL 60501 - Image 30
7412 W 63rd Place, Summit, IL 60501 - Image 31
7412 W 63rd Place, Summit, IL 60501 - Image 32
7412 W 63rd Place, Summit, IL 60501 - Image 33
7412 W 63rd Place, Summit, IL 60501 - Image 34
7412 W 63rd Place, Summit, IL 60501 - Image 35
7412 W 63rd Place, Summit, IL 60501 - Image 36
7412 W 63rd Place, Summit, IL 60501 - Image 37
7412 W 63rd Place, Summit, IL 60501 - Image 38
7412 W 63rd Place, Summit, IL 60501 - Image 39
7412 W 63rd Place, Summit, IL 60501 - Image 40
7412 W 63rd Place, Summit, IL 60501 - Image 41
7412 W 63rd Place, Summit, IL 60501 - Image 42
7412 W 63rd Place, Summit, IL 60501 - Image 43
7412 W 63rd Place, Summit, IL 60501 - Image 44
7412 W 63rd Place, Summit, IL 60501 - Image 45
7412 W 63rd Place, Summit, IL 60501 - Image 46
7412 W 63rd Place, Summit, IL 60501 - Image 47
7412 W 63rd Place, Summit, IL 60501 - Image 48
7412 W 63rd Place, Summit, IL 60501 - Image 49

Multi-Family Home for sale in Summit, IL

for $737,000 with 5 bedrooms. This home was built in 1961.

Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building's structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don't miss your chance to capitalize on this exceptional listing!

See more

Multi-Family Contingent

Price

$ 737,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 16,820

Style

Multi-Family

Year Built

1961

Town/City

Summit

County/Region

Cook

MLS | Web ID

12603836

Features
General
Cooling Window Unit(s)
Zoning MULTI
Construction Materials Brick
Year Built 1961
Tenant Pays Electricity Heat
Stories Count 2
Township Lyons
Tax Year 2024
Current Use Multi-Family
Gross Income 94200
County Cook
Net Operating Income 64115
Operating Expense 30085
Insurance Expense 3644
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 0
Status Contingent
Directions 63rd Street to 74th Avenue South to 63rd Place West to Address
City Summit
Number Of Units Total 6
MLS Area Summit
Tax Annual Amount 16820
Electric Expense 556
Fuel Expense 3674
Trash Expense 1700
Water Sewer Expense 2480
Additional Parcels Y/N N
Standard Status Active Under Contract
See more
Exterior
Lot Dimensions 50 X 125
See more
* Excluded Features
List By
Century 21 New Beginnings

Broker

showingsbymiriam@gmail.com;SHOWINGSBYMIRIAM@GMAIL.COM

Email

Affordability Calculator

$5,940
Per Month
76%
24%
0%
Monthly Principal & Interest
$4,538
Monthly Property Taxes
$1,402
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

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! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$737,000 Listed Price

Map


See all

7412 W 63rd Place, Summit, IL, 60501 is a Multi-Family Home for sale at $737,000. 7412 W 63rd Place has 5 bedrooms, 0.0 baths, and was built in 1961. The property's zip code is 60501 which is in Summit, IL