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$725,000
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Property Description
Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building's structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don't miss your chance to capitalize on this exceptional listing!
Full Property Details
Full Property Details for 7412 W 63rd Pl
General
- Sold For: $725,000
- Taxes: $16,820 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12603836
- Added to Site: 89 day(s) ago
Location
- Area: Summit
- County: Cook
- Driving Directions: 63rd Street to 74th Avenue South to 63rd Place West to Address
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Baseboard
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1961
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $30,085
- Assessment Year: 1961
- Tax Amount: $16,820
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 18242010430000
Listed by Century 21 New Beginnings
Sold by Pavlova Properties
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Schools
Schools serving 7412 W 63rd Pl
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 | 0.4 mi |
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501 | K-4 | 0.6 mi |
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501 | PK-4 | 0.9 mi |
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501 | 6-8 | 0.4 mi |
Argo Community High School 7329 West 63rd Street, Summit, IL 60501 | 9-12 | 0.1 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 7412 W 63rd Pl
Date
Details
Price
Change
Source
7/07/2026
Sold
$725,000
-1.63%
MLS
4/10/2026
Listed
$737,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7412 W 63rd Place, Summit, IL 60501 (MLS# 12603836) is a Commercial property that was sold at $725,000 on July 07, 2026. Want to learn more about 7412 W 63rd Place? 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.

