For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Summit 60501 Summit
7553 W 63rd Place
$235,000
● House - Off Market

7553 W 63rd Place

Summit, IL 60501
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,360 Ft²
$1,558
Est. Monthly
6.11%
Cap Rate

About This Property

Amazing Opportunity to Own your Own Home! Recently remodeled Cozy House in Move-In Condition! Why to be putting up with those rent increments, when you can fix your rent for the next 30 years! This property comes with 2 bedrooms and an additional one in the finished basement. Do not hesitate and have your private showing scheduled before this one becomes a should-off. A Must Buy!
Unit Size
1,360 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1928

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MRED MLS #12175427)

Price History

Date / Event Date Event Price
Jan 10, 2025 Sold
Premium
Sold
Oct 24, 2024 In contract -
In contract
Oct 19, 2024 Relisted $239,900
Relisted
Oct 16, 2024 In contract -
In contract
Oct 6, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,100
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 660
  • Gross Building Area: 660
  • Building Area: 660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 660
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

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: 18-24-204-003-0000
  • Block: 5
  • Lot: 21
  • Meridian: SEC 24 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7758
  • Longitude: -87.8102

    Address

  • Full Address: 7553 W 63rd Pl
  • Address - House Number: 7553
  • 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: $346,406
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 163,241
  • High Value: 206,513
  • Low Value: 119,969

    Market Valuation

  • Market Total Value: $130,010
  • Market Land Value: $22,480
  • Market Improvement Value: $107,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,001
  • Assessed Land Value: $2,248
  • Assessed Improvements Value: $10,753

    Sales

  • Current Sale Contract Date: May 02, 2013
  • Current Sale Recording Date: Jun 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1315745050
  • Previous Sale Recording Date: Jan 27, 2006
  • Previous Sale Contract Date: Jan 18, 2006
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: 71
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:

$342,450

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1082 ft²

Average Home Age

83.1 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 6214 S Narragansett Avenue, Chicago, IL, 60638

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
6214 S Narragansett Avenue #1S, Chicago, IL, 60638 Listing by Luis Rojas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gaspar Flores, Su Familia Real Estate Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12175427
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 7553 West 63rd Place built and last sold?
The property at 7553 West 63rd Place was built in 1928 and last sold on May 2, 2013 for $38,000.
How much is this home worth?
The estimated value of the home located at 7553 West 63rd Place is $0.
What are some comparable homes to 7553 West 63rd Place?
There are currently no comparable homes to 7553 West 63rd Place.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Summit Homes for Sale
Summit Houses for Sale
Summit Townhouses for Sale
Summit Multifamily for Sale
Summit Land for Sale
Summit Commercial for Sale
Summit Homes with Basements
Summit Homes with Pools
Nearby Cities
Brookfield Homes for Sale
Lyons Homes for Sale
Justice Homes for Sale
Stickney Homes for Sale
Forest View Homes for Sale
Hodgkins Homes for Sale
Bedford Park Homes for Sale
McCook Homes for Sale
Nearby Property Records
Cook County, IL Property Records
DuPage County, IL Property Records
Will County, IL Property Records
Kane County, IL Property Records
Lake County, IN Property Records
Lake County, IL Property Records
Kendall County, IL Property Records
Porter County, IN Property Records
Neighborhoods
Garfield Ridge Real Estate
Clearing Real Estate
Nearby Counties
Lyons Homes for Sale
Stickney Homes for Sale
Top Real Estate Agents
Top Agents in Summit
Top Agents in Lyons
Top Agents in 60525
Top Agents in Stickney
Top Agents in Garfield Ridge
Top Agents in 60459
Top Agents in 60513
Top Agents in Brookfield