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Summit 60501 Summit
7537 W 63rd Place
$225,000
● House - Off Market

7537 W 63rd Place

Summit, IL 60501
bedrooms
3 Beds
bathrooms
2 Baths
square feet
988 Ft²
$233,635
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Solid brick raised ranch with 3 bedrooms on main level and 2 bedrooms in basement. They could also be used for office or bonus room. The carpeting in the living room and 3 main level bedrooms have beautiful hardwood floors underneath.  New roof on house and garage 2018.   Some newer windows. Nice solid house, come see it fast!!
Unit Size
988 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$219
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1961

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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 #11272034)

Price History

Date / Event Date Event Price
Jan 19, 2022 Sold
Premium
Sold
Nov 17, 2021 Listed by RE/MAX 10 $216,000
Listed by RE/MAX 10

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 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: 3,100
  • 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
  • Subdivision: CORN PRODUCTS
  • Land Acres: 0000000071
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (CORN)(PRODUCTS) SUB SEC 24-38-12

Neighborhood

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

Geography

  • District: 21
  • Parcel: 18-24-204-005-0000
  • Block: 5
  • Lot: 19
  • Meridian: SEC 24 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7758
  • Longitude: -87.81

    Address

  • Full Address: 7537 W 63rd Pl
  • Address - House Number: 7537
  • Street Direction: W
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C007
  • 4-Digit Zip Code: 1803
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $427,186
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 211,039
  • High Value: 232,376
  • Low Value: 189,701

    Market Valuation

  • Market Total Value: $190,010
  • Market Land Value: $22,480
  • Market Improvement Value: $167,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,001
  • Assessed Land Value: $2,248
  • Assessed Improvements Value: $16,753

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2203139048

    Financing

  • First Mortgage Financing Type: FIX
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

62

Average Home Size

1394 ft²

Average Home Age

80.3 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 6104 S Nashville Avenue, Chicago, IL, 60638

$3,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
6104 S Nashville Avenue, Chicago, IL, 60638 Listing by Dean Chowaniec

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karen Nicholson, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11272034
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 7537 West 63rd Place built and last sold?
The property at 7537 West 63rd Place was built in 1961 and last sold on Dec 15, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 7537 West 63rd Place is $219,021.
What are some comparable homes to 7537 West 63rd Place?
There are currently no comparable homes to 7537 West 63rd Place.
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