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Summit 60501 Summit
7336 W 55th Place
$150,000
● House - Off Market

7336 W 55th Place

SUMMIT, IL 60501
bedrooms
4 Beds
bathrooms
1 Bath
$247,609
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

***ESTATE SALE!! QUICK CLOSE!!*** VERY CLEAN 4 BEDROOM BRICK HOME LOCATED ON QUIET STREET!! CENTRAL AIR!! BRAND NEW HARDWOOD FLOOR!! NEWER APPLIANCES!! NEWER WASHER & DRYER!! PLENTY OF STORAGE!! NICE DECK WITH HANDICAP RAMP!! MIN. FROM ALL EXPRESSWAYS!! 10 MIN. TO DOWNTOWN!! ESTATE SALE!! AS-IS
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (MRED MLS #09586912)

Price History

Date / Event Date Event Price
Jul 10, 2017 Sold
Premium
Sold
Apr 6, 2017 Listed by Skydan Real Estate Sales, LLC $154,900
Listed by Skydan Real Estate Sales, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,920
  • Total Building Area: 964
  • Gross Building Area: 964
  • Building Area: 964
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 964
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARLEM HEIGHTS
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (HARLEM)(HEIGHTS) SUB OF BLK 2 OF CANAL TRUSTEES SUB SEC 13-38-12

Neighborhood

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

Geography

  • District: 21
  • Parcel: 18-13-203-048-0000
  • Block: 2
  • Lot: 30,31
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7911
  • Longitude: -87.8053

    Address

  • Full Address: 7336 W 55th Pl
  • Address - House Number: 7336
  • Street Direction: W
  • Address - Street Name: 55th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1210
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $266,364
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 234,013
  • High Value: 296,045
  • Low Value: 171,982

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $35,670
  • Market Improvement Value: $194,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $3,567
  • Assessed Improvements Value: $19,433

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1720139021

    Financing

  • First Mortgage Financing Type: ADJ
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:

$347,450

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1191 ft²

Average Home Age

79.2 years

Currently For Sale

10 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 6745 W 59th Street, Chicago, IL, 60638

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,054 ft²
6745 W 59th Street, Chicago, IL, 60638 Listing by Michael Woloszczuk
Unit for rent at 6152 S Mulligan Avenue, Chicago, IL, 60638

$3,600 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
6152 S Mulligan Avenue, Chicago, IL, 60638 Listing by Michael Woloszczuk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Skydan Real Estate Sales, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09586912
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 7336 West 55th Place built and last sold?
The property at 7336 West 55th Place was built in 1952 and last sold on Jul 6, 2017 for $150,000.
How much is this home worth?
The estimated value of the home located at 7336 West 55th Place is $156,449.
What are some comparable homes to 7336 West 55th Place?
There are currently no comparable homes to 7336 West 55th Place.
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