6200 S Harlem Avenue, Summit, IL 60501 - Photo 1

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$700,000 Just Listed

For Sale
Active
Commercial
Updated 18 hours ago

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Property Description

Turnkey 6-unit investment opportunity in Summit Argo! This well-maintained multi-family building features five 1BD/1BA units and one spacious 2BD/1BA unit, with 5 of 6 units currently occupied by long-term, month-to-month tenants - no lease headaches, just steady income from day one. The sellers have taken pride in maintaining the building. Investors will love the no-fuss layout - no interior stairwell to maintain - plus an on-site coin laundry room for added convenience and additional income potential. A private rear parking lot adds everyday ease for tenants and long-term appeal for the next owner. One unit is vacant and ready for an owner-occupant or to be leased at market rate immediately. Current rents are all far below market value. A rare chance to step into a stabilized asset with reliable tenants and room to grow. Don't miss it!

Full Property Details

Full Property Details for 6200 S Harlem Ave

General

Price: $700,000
Taxes: $10,750 (2023)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12621225
Updated: 4/16/2026
Added to Site: 1 day(s) ago

Location

Area: Summit
County: Cook
Township: Lyons
Driving Directions: From 63rd & Harlem: Head north on Harlem Ave, property on the right

Heating & Cooling

Cooling Type: Wall Sleeve
Heating Type: Baseboard

Utilities

Trash: 900

Structural Information

Stories/Levels: 2
Current Bldg. Use: Multi-Family
Year Built: 1961
Built Before 1978: Yes

Lot Features

Lot Dimensions: 57 x 72

Financial Considerations

Insurance Fee: $3,000
Operating Expenses: $7,700
Assessment Year: 1961
Tax Amount: $10,750
Tax Year: 2023
Pays Electric: 1100
Pays Trash: 900

Disclosures and Reports

Property ID: 18134260240000

Listed by eXp Realty

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— 6200 S Harlem Ave —

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Schools

Schools serving 6200 S Harlem Ave

School Districts:Summit School District 104, Argo Community High School District 217

Name	Grades	Distance
Otis P Graves Elementary School 6021 South 74th Avenue, Summit, IL 60501	PK-4	0.3 mi
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501	PK-4	0.8 mi
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501	K-4	0.9 mi
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501	6-8	0.3 mi
Argo Community High School 7329 West 63rd Street, Summit, IL 60501	9-12	0.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6200 S Harlem Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/16/2026

Listed

$700,000

198.51%

MLS

9/04/1998

Sold

$234,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 6200 S Harlem Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$8,289

80%

$26,310

96%

2022

$4,607

$13,415

—

2021

$4,514

-4%

$13,415

—

2020

$4,700

-40%

$13,415

-32%

2019

$7,839

$19,794

—

2018

$7,579

—

$19,794

—

2017

$7,590

41%

$19,794

48%

2016

$5,389

$13,409

—

2015

$5,177

$13,409

—

2014

$5,086

-1%

$13,409

-10%

2013

$5,141

-5%

$14,884

—

2012

$5,396

—

$14,884

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 6200 S Harlem Ave

6200 S Harlem Avenue, Summit, IL 60501 (MLS# 12621225) is a Commercial property. 6200 S Harlem Avenue is currently listed for $700,000 and was received on April 16, 2026. Want to learn more about 6200 S Harlem Avenue? Do you have questions about finding other Commercial real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

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6200 S Harlem Ave Summit, IL 60501