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Summit 60501 Summit
7217 W 58th Street
$369,000
● House - Off Market

7217 W 58th Street

Summit, IL 60501
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$2,571
Est. Monthly
3.92%
Cap Rate

About This Property

Welcome to your new home! This amazing bi-level property is in a double lot and offers 3 bedrooms, 2 bathrooms, and a 2.5-car garage, located near major highways, schools, and shopping centers. The roof was replaced in 2024, new attic insulation was installed in 2024, and new gutters were added to the upper level and garage in 2024. A new fridge and dryer were also purchased in 2024. This is the opportunity you were looking for. Call today to schedule your showing.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$308
Property Type
House
Property Taxes
$759
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,534
  • Gross Building Area: 1,534
  • Building Area: 1,534
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,534
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESUBDIVISION OF FREDK H BARTLETTS SEVEN
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (RESUBDIVISION) OF FREDK H (BARTLETTS) (SEVENTH) ADD TO BARTLETT HIGHLANDS SUB IN SEC 13-38-12

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820300

Geography

  • District: 21
  • Parcel: 18-13-226-042-0000
  • Block: 109
  • Lot: 27
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7862
  • Longitude: -87.802

    Address

  • Full Address: 7217 W 58th St
  • Address - House Number: 7217
  • Street Direction: W
  • Address - Street Name: 58th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1309
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $699,201
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 282,271
  • High Value: 347,627
  • Low Value: 216,914

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $45,310
  • Market Improvement Value: $214,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $4,531
  • Assessed Improvements Value: $21,469

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13057
  • Previous Sale Recording Date: Nov 19, 1996
  • Previous Sale Contract Date: Nov 11, 1996
  • Previous Sale Amount: $139,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Summit

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1395 ft²

Average Home Age

81.5 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6122 W 55th Street, Chicago, IL, 60638

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
6122 W 55th Street #1, Chicago, IL, 60638 Listing by Gustavo Vargas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eddie Quintana-Garcia, Netgar Investments, Inc
Data Source: MRED, MLS# MRD12338799
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 7217 West 58th Street built and last sold?
The property at 7217 West 58th Street was built in 1978 and last sold on Sep 13, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 7217 West 58th Street is $0.
What are some comparable homes to 7217 West 58th Street?
There are currently no comparable homes to 7217 West 58th Street.
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