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Summit 60501 Summit
7411 W 57th Street
$185,000
● House - Off Market

7411 W 57th Street

Summit, IL 60501
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,080 Ft²
$272,334
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Cape Cod with 3 bedrooms and full bath, plus an extra bath in basement. Seller has updated electric per city code with approved inspections/permits. Beautiful hardwood floors throughout most of main level. Fresh neutral paint. Large back yard is fenced in with cement patio. Huge 2 car garage with extra space for workshop or storage. Rare Double lot for your parties, gatherings and social distancing delight. Close to shopping, restaurants, public transportation, schools, and major highways.  She's one of the nicest going on the market right now, kitchen left up to buyer's desires but functional as it is.  Will go fast with the extra side lot which according to the city is buildable should the buyer choose to do so at a later date.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$222
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1938

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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.

Last updated: 3 years ago (MRED MLS #11051502)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Apr 12, 2021 Listed by Tanis Group Realty $239,900
Listed by Tanis Group Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 1,150
  • Gross Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FISHER & MILLERS
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FISHER) & (MILLERS) ARGO SUB SEC 13-38-12

Neighborhood

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

Geography

  • District: 21
  • Parcel: 18-13-216-015-0000
  • Block: 1
  • Lot: 6
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7878
  • Longitude: -87.8069

    Address

  • Full Address: 7411 W 57th St
  • Address - House Number: 7411
  • Street Direction: W
  • Address - Street Name: 57th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1319
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $625,564
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 288,498
  • High Value: 354,373
  • Low Value: 222,622

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $26,970
  • Market Improvement Value: $183,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $2,697
  • Assessed Improvements Value: $18,303

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2130249111
  • Previous Sale Recording Date: Apr 29, 2021
  • Previous Sale Contract Date: Feb 22, 2021
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 27
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:

$349,700

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1364 ft²

Average Home Age

82.6 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 5845 S Sayre Avenue, Chicago, IL, 60638

$3,800 /mo

  • 5 Beds
  • 2 Baths
  • 2,292 ft²
5845 S Sayre Avenue, Chicago, IL, 60638 Listing by Erika Villegas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joseph Mueller, Tanis Group Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11051502
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 7411 West 57th Street built and last sold?
The property at 7411 West 57th Street was built in 1938 and last sold on May 25, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 7411 West 57th Street is $235,261.
What are some comparable homes to 7411 West 57th Street?
There are currently no comparable homes to 7411 West 57th Street.
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