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!
Closed
$450,000
7224 Park Ave, Summit Argo, IL 60501
7beds
--sqft
Multi Family
Built in ----
-- sqft lot
$445,500 Zestimate®
$--/sqft
$1,451 Estimated rent
Home value
$445,500
$388,000 - $499,000
$1,451/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 29, 2025 at 05:55am
Listing courtesy of:
Karina Hiselman 872-303-5134,
Compass
Bought with:
Karina Hiselman
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12283506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: None
Property
Parking
- Total spaces: 4
Lot
- Size: 3,125 sqft
- Dimensions: 25X125
Details
- Parcel number: 18124040300000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Summit Argo
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Listed for rent | $1,400 |
Source: Zillow Rentals | ||
| 4/28/2025 | Sold | $450,000+12.5% |
Source:  MRED as distributed by MLS GRID #12283506 | ||
| 2/11/2025 | Pending sale | $399,900 |
Source: MRED as distributed by MLS GRID #12283506 | ||
| 2/10/2025 | Listing removed | $399,900 |
Source: MRED as distributed by MLS GRID #12283506 | ||
| 2/4/2025 | Listed for sale | $399,900+505.9% |
Source: MRED as distributed by MLS GRID #12283506 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $9,700 +35.3% | $31,000 +54.7% |
| 2022 | $7,167 +46% | $20,033 |
| 2021 | $4,910 | $20,033 |
Find assessor info on the county website
Neighborhood: 60501
Nearby schools
GreatSchools rating
- 5/10Walsh Elementary SchoolGrades: K-4Distance: 0.7 mi
- 4/10Heritage Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10Argo Community High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- High: Argo Community High School
- District: 104
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$445,500
2% more+ $8,910
With Zillow Showcase(estimated)
$454,410