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7412 W 63rd Place , Summit, IL 60501

$737,000
  • 7412 W 63rd Place , Summit, IL 60501 Main Photo

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New to the Market New
BEDS0 BATHS MLS#12603836
STATUSNew PROPERTY TYPEMulti Unit - Multiple

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!

7412 W 63rd Place | MLS# 12603836

This multi-family property located at 7412 W 63rd Place , Summit, IL 60501 is currently listed for sale with an asking price of $737,000. Search Summit real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 50 X 125
Stories: 2.0
Taxes: $16,820
Year Built: 1961

Feature Descriptions

Current Use: Multi-Family
Exterior: Brick
HVAC: Gas, Baseboard
Lot Dimensions: 50 X 125
Parcel#: 18242010430000
Tenant Pays: Electricity, Heat
Units: 6

Listed By / Shown By

Listed By

Agency Name: Century 21 New Beginnings
Agency Phone: 708-576-8909

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 4,964.31 per month $3,347.68 Principal & Interest $1,401.67 Property Tax $214.96 Homeowner's Insurance

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