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Summit 60501 Summit
7355 W 58TH Place
$252,800
● House - Off Market

7355 W 58TH Place

Summit, IL 60501
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,113 Ft²
$1,243
Est. Monthly
10.49%
Cap Rate

About This Property

***MULTIPLE OFFERS RECEIVED***GREAT PRICE FOR THIS ORIGINAL OWNER EXTREMELY WELL MAINTAINED 3 BDRM BRICK BUNGALOW ON A BIG CORNER LOT!! STEP INSIDE TO A SPACIOUS LR WHICH LEADS TO A GREAT BIG EAT-IN  KITCHEN w/2 NEWER windows. ALL 3  BDRMS ARE A NICE SIZE. Per seller, HARDWOOD UNDER BDRM & LR CARPET.  LOWER LEVEL HAS A HUGE FULL BASEMENT W/ A HUGE REC ROOM AREA (POOL TABLE STAYING), A HUGE LAUNDRY ROOM,(WITH NEWER WASHER (2017) & DRYER (2018)+ AN OFFICE, A BIG STORAGE ROOM AND A SHOWER, TOO. DETACHED 2.5 CAR GARAGE. NICE FENCED-IN YARD W/ADORABLE SWING.  NEWER (2019) TEAR-OFF ROOFS ON BOTH HOME & GARAGE, C/A (2006) & FURNACE (paperwork says Feb 2022), WATER HEATER (2020) & NEW SUMP PUMP (2024). HOME IS VERY WELL MAINTAINED AND SELLER SELLING "AS-IS".
Unit Size
1,113 Ft²
Days on Market
-
Land Size
-
Price per sqft
$224
Property Type
House
Property Taxes
$16
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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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.

Last updated: 2 years ago (MRED MLS #12286790)

Price History

Date / Event Date Event Price
Mar 3, 2025 Sold
Premium
Sold
Feb 18, 2025 In contract -
In contract
Feb 15, 2025 Listed by RE/MAX 10 $249,700
Listed by RE/MAX 10

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,720
  • Total Building Area: 1,113
  • Gross Building Area: 1,113
  • Building Area: 1,113
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,113
  • 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: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • 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: 18-13-229-046-0000
  • Block: 111
  • Lot: 22,23
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7852
  • Longitude: -87.8059

    Address

  • Full Address: 7355 W 58th Pl
  • Address - House Number: 7355
  • Street Direction: W
  • Address - Street Name: 58th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1401
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,954
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 296,321
  • High Value: 363,983
  • Low Value: 228,659

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $26,970
  • Market Improvement Value: $203,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $2,697
  • Assessed Improvements Value: $20,303
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:

$330,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1051 ft²

Average Home Age

75.3 years

Currently For Sale

8 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

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MRED

Listed by: Kathy Toscas, RE/MAX 10
Last Updated: 2 years ago
Data Source: MRED, MLS# 12286790
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 7355 West 58th Place built and last sold?
The property at 7355 West 58th Place was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7355 West 58th Place is $255,957.
What are some comparable homes to 7355 West 58th Place?
There are currently no comparable homes to 7355 West 58th Place.
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