$430,000
$475,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
7506 W Hanover ST Summit, IL 60501
7 Beds
5 Baths
Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11980415
Sold Date 05/16/24
Bedrooms 7
Year Built 1970
Annual Tax Amount $8,500
Tax Year 2022
Lot Dimensions 3907
Property Sub-Type Two to Four Units
Property Description
Welcome to your golden opportunity! This charming brick 2-unit building with a garden unit is packed with potential and offers an exciting future in an up-and-coming area. Each unit has its own unique appeal. The spacious 3-bedroom, 1.5-bathroom layout on the 2nd floor ensures ample space for a growing family. The 1st-floor unit mirrors this generous layout, offering comfort and functionality. Additionally, the garden unit, with its 1 bedroom and 1 bathroom, provides a cozy retreat for a single occupant or couple. You'll love the convenience of the 2-car garage, which provides secure parking for your vehicles and extra storage space. One of the key advantages of this property is the separate utilities for each unit, giving you and your tenants control over your own expenses. Wall units are installed to cool the apartments, ensuring a comfortable living environment all year round. Heated by very affordable baseboard heat. Situated next to a park, this property is perfect for families who enjoy outdoor activities and picnics. Plus, with new construction projects popping up across the street, you'll be at the forefront of this area's growth and development. Whether you're an investor looking for a profitable opportunity or a homeowner seeking a comfortable place to live with the added benefit of extra income(estimated rents for 3 bed are $2200-$2400, 1 bed $1100-1200), this property offers a world of possibilities. Don't miss out on this chance to make this versatile property your own and unlock its incredible potential. Schedule a viewing today and take the first step toward securing your future in this thriving neighborhood!
Location
State IL
County Cook
Area Summit
Rooms
Basement Full
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Argo Community High School
School District 217 , 217, 104
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Crystal Chavez • Premiere Realty Group Inc
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