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Summit 60501 Summit
7416 W 63rd Place
$245,000
● House - Off Market

7416 W 63rd Place

Summit, IL 60501
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$1,332
Est. Monthly

About This Property

Calling all serious investors and vision-driven homeowners, this is the kind of opportunity that does not wait. Located in the red hot Summit area, this property is your chance to step into a project with real upside, strong fundamentals, and untapped potential. With amazing bones already in place, the foundation is set for something truly special.    Recent improvements include a newer roof, newer windows, a newer half bath in the basement, and a renovated full bath on the main level, giving you a head start while still leaving room to add your own vision and value. Whether you are looking to renovate, reposition, or build long-term equity, this property delivers the perfect canvas. It may require work, but for the right buyer, that is exactly where the opportunity begins. You are not just purchasing a property, you are securing the chance to create something meaningful and profitable.  The property is being sold strictly as-is, and so as the garage with no survey or disclosures provided. The buyer will be responsible for all city inspections, property clean-out, and any required repairs. Taxes will be prorated at 100 percent, and all earnest money must be submitted in certified funds. All offers must include proof of funds or a pre-approval letter.  All property details, including room count and lot size, are estimated and not guaranteed. Buyers are responsible for conducting their own due diligence.  Opportunities like this come down to timing, vision, and decisiveness. If you recognize the value here, you already know your next move.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1961

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Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820400

Geography

  • Parcel: 18-24-201-041-0000
  • Municipality: LYONS
  • Latitude: 41.7765
  • Longitude: -87.8064

    Address

  • Full Address: 7416 W 63rd Pl
  • Address - House Number: 7416
  • Street Direction: W
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C007
  • 4-Digit Zip Code: 1806
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 223,451
  • High Value: 274,474
  • Low Value: 172,428

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $22,660
  • Market Improvement Value: $167,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $2,266
  • Assessed Improvements Value: $16,734
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Summit


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Frequently Asked Questions

When was property at 7416 West 63rd Place built and last sold?
The property at 7416 West 63rd Place was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7416 West 63rd Place is $0.
What are some comparable homes to 7416 West 63rd Place?
There are currently no comparable homes to 7416 West 63rd Place.