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6200 S Harlem Avenue Summit, IL $ 700,000
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$ 700,000 Get more info
6200 S Harlem Avenue
$ 700,000
Back to search
Share Save

6200 S Harlem Avenue

Summit, IL, 60501
$ 700,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 4,310

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Multi-Family Home for sale in Summit, IL

for $700,000 with 3 bedrooms. This home was built in 1961.

Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!

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Multi-Family Contingent

Price

$ 700,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 10,750

Style

Multi-Family

Year Built

1961

Town/City

Summit

County/Region

Cook

MLS | Web ID

12621225
Features
General
Cooling Wall Sleeve
Year Built 1961
Stories Count 2
Township Lyons
Tax Year 2023
Current Use Multi-Family
Gross Income 5100
Additional Parcels Description 18134260250000
County Cook
Net Operating Income 49200
Operating Expense 7700
Insurance Expense 3000
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 0
Status Contingent
Directions From 63rd & Harlem: Head north on Harlem Ave property on the right
City Summit
Number Of Units Total 6
MLS Area Summit
Tax Annual Amount 10750
Electric Expense 1100
Fuel Expense 1800
Trash Expense 900
Water Sewer Expense 900
Additional Parcels Y/N Y
Standard Status Active Under Contract
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Exterior
Lot Dimensions 57x72
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* Excluded Features
List By
Exp Realty

Broker

esrealtor21@gmail.com;ewelina.siuta@exprealty.com

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Affordability Calculator

$5,206
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$896
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/16/2026$700,000 Listed Price

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6200 S Harlem Avenue, Summit, IL, 60501 is a Multi-Family Home for sale at $700,000. 6200 S Harlem Avenue has 3 bedrooms, 0.0 baths, and was built in 1961. The property's zip code is 60501 which is in Summit, IL

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