Address
7506 W Hanover Street, Summit, IL
Price
$ 475,000
Property Attributes
  • MLS#11980415
  • TypePending
  • CountyCOOK
  • CitySummit
  • AreaSummit
  • Zip60501
  • Style
  • Year Built1970
  • Taxes$ 8500
  • Price$ 475,000
  • Bedrooms7
  • Full Bathrooms5
  • Half Bathrooms2
Data Source:
Midwest Real Estate Data (MRED)
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!

Elementary School
Argo Community High School
Price History
2/14/2024 Listed $475,000

General Features

Sewer Public Sewer
Heating Natural Gas,Baseboard
Possession Closing
Garage Spaces 2
Year Built 1970
Township Lyons
Tax Year 2022
Percent Ownership Fee Simple
County Cook
New Construction No
Property Type Residential Income
Total Rooms 20
Status Pending
Directions TAKE HARLEM TOWARDS ARCHER.. THEN HANOVER STEET(54TH ST ) WEST TO PROPERTY.
City Summit
High School District 104
MLS Area Summit
Waterfront Y/N No
Street Name Hanover
Elementary School Argo Community High School
Tax Annual Amount 8500
Days on Market 8
Standard Status Pending
Middle/Junior School District 217
Elementary School District 217
Property Type Two to Four Units

Interior Features

Basement Full
Street Suffix Street
Total Bedrooms 7
Total Baths 5
Bedrooms Possible 7
Basement Finished
Full Baths Building 3
Half Baths Building 2
Total Number of Units 3

Exterior Features

Water Source Public
Total Parking 2
Lot Dimensions 3907
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 60501

Price
AVG $310K
$480K
Taxes
AVG $5,526
$8,500
Visits
AVG 49
49
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1970

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