7224 Park Avenue, Summit, IL 60501 - Photo 1

1/1

$450,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

Property Description

4-Unit Building in Summit, IL - A Rare Opportunity! Well-maintained, this property offers excellent rental potential with each unit featuring comfortable living spaces and a shared washer/dryer. Ac window units and central heat. Conveniently located near shops, schools, restaurants, and public transportation, it's perfect for investors or owner-occupants. Exterior parking included. Whether you're looking to renovate or maintain as-is, this property fits any investment strategy. Schedule your showing today!

Full Property Details

Full Property Details for 7224 Park Ave

General

Sold For: $450,000
Taxes: $9,699 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12283506
Added to Site: 385 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 7

Parking

Total Spaces: 4

Location

Area: Summit
County: Cook
Driving Directions: HARLEM TO ARCHER; W TO 73RD; N TO PROPERTY

School Information

School District: 104
Midd School District: 104
High School: Argo Community High School
Private School: Argo Community High School

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Lake Michigan, Public

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: None
Built Before 1978: Yes

Unit Information

Units in Building: 4

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 25 x 125

Financial Considerations

Tax Amount: $9,699.94
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 18124040300000

Listed and Sold by Compass

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— 7224 Park Ave —

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Schools

Schools serving 7224 Park Ave

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

Name	Grades	Distance
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501	PK-4	0.7 mi
Dr Donald Wharton Elementary School 7555 64th Street, Summit, IL 60501	5-	1.6 mi
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501	K-4	1.9 mi
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501	6-8	1 mi
Argo Community High School 7329 West 63rd Street, Summit, IL 60501	9-12	1.4 mi

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

Price & Sales History for 7224 Park Ave

Date

Details

Price

Change

Source

4/28/2025

Sold

$450,000

12.53%

MLS

2/04/2025

Listed

$399,900

—

MLS

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

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7224 Park Avenue, Summit, IL 60501 (MLS# 12283506) is a Multi-Family property that was sold at $450,000 on April 28, 2025. Want to learn more about 7224 Park Avenue? Do you have questions about finding other Multi-Family real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

7224 Park Ave Summit, IL 60501