OFF MARKET

Off Market Jan 2016 for $530K

$957,591

Est. refi paymentEst. refi $2,764/mo

•

4 ba

•

3,500

sq ft

505 Summit Ave, Park Ridge, IL 60068

About this home

CENTER BUILDING ENTRANCE PROVIDES THE PERFECT ENTRY TO THE UNITS.THIS ORIGINAL OWNER BUILT THIS QUALITY FOUR UNIT BUILDING. EACH UNIT HAS SIMILAR SQUARE FOOTAGE WITH 4 RMS, 2 BEDRMS AND 1 FULL BATH. FULL BASEMENT IS DIVIDED BETWEEN THE FOUR UNITS, 2 BOILERS THERMOSTATICALLY CONTROL EACH UNIT. GOOD STORAGE AND COMMON AREA. SEPARATE PARKING LOT HAS PARKING FOR EACH UNIT PLUS GUEST PARKING. WALK TO UPTOWN PARK RIDGE.

Multi-familyProperty Type

1960Year Built

9,350 sq ftLot Size

$274Est. Price/Sq.Ft.

6 spacesParking

Listed by Donald Sebastian • Sebastian Co. Real Estate

Bought with Karluccie Valenzuela • New Market Realty Inc

Source:MRED as Distributed by MLS Grid #08279401

Redfin Estimate

$957,591

$428K since sold in January 2016$9,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.7% lower than the average sale price ($1.10M) of 6 comparable homes.

SOLD JUN 30, 2026
$790,000
A
6 beds3 baths— sq ft
455 S Northwest Hwy, Park Ridge, IL 60068
SOLD JUL 24, 2026
$1,370,000
B
4 beds4 baths3,000 sq ft
325 S Crescent Ave, Park Ridge, IL 60068
SOLD JUN 15, 2026
$1,150,000
C
5 beds3 baths3,972 sq ft
159 E Edgemont Ln, Park Ridge, IL 60068
SOLD AUG 6, 2026
$1,175,000
D
5 beds4.5 baths4,100 sq ft
7036 N Olcott Ave, Chicago, IL 60631
SOLD MAR 2, 2026
$1,174,000
E
5 beds4 baths3,600 sq ft
108 E Edgemont Ln, Park Ridge, IL 60068
SOLD JUL 2, 2026
$920,000
F
4 beds3 baths3,849 sq ft
405 N Washington Ave, Park Ridge, IL 60068

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Earn from this home

Sell

$585,563

Est. take-home

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Refinance

Est. cash available

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Market trends in 60068, IL

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.8%

+0.1% MoM

Median sale price

$695K

$20K MoM

Avg. days on market

44d

1 days MoM

Recently sold homes

150

21 MoM

New listings for sale

$2,499,000
4 beds4 baths— sq ft
130 N Dee Rd, Park Ridge, IL 60068
$169,990
1 bed1 bath— sq ft
2500 Windsor Mall Unit 2D, Park Ridge, IL 60068
$724,000
4 beds3.5 baths3,600 sq ft
120 Boardwalk Pl #120, Park Ridge, IL 60068
$800,000
3 beds2.5 baths6,500 sq ft
221 East Ave, Park Ridge, IL 60068
$164,900
1 bed1 bath750 sq ft
2010 S Crescent Ave Unit 2-C, Park Ridge, IL 60068
$899,900
4 beds3.5 baths3,000 sq ft
1829 S Crescent Ave, Park Ridge, IL 60068
$659,000
4 beds2 baths1,925 sq ft
389 Michael John Dr, Park Ridge, IL 60068
$849,000
3 beds2.5 baths2,456 sq ft
1820 S Ashland Ave, Park Ridge, IL 60068
$390,000
2 beds1 bath1,146 sq ft
1704 S Washington Ave, Park Ridge, IL 60068
OPEN TODAY, 2PM TO 4PM
$399,900
3 beds1.5 baths1,362 sq ft
1225 S Cumberland Ave, Park Ridge, IL 60068
See all

Provided by Redfin

Sale history for 505 Summit Ave

Date

Event

Price

Public Records

Jan 27, 2016

Sold

$530,000

$151/sq ft

MRED as Distributed by MLS Grid #08279401

May 20, 2013

Sold (MLS) (Closed Sale)

$445,500

$127/sq ft

May 17, 2013

Pending

—

Mar 25, 2013

Contingent

—

Feb 26, 2013

Listed (New)

$495,000

$141/sq ft

Year

Property tax

Land + Additions

Assessment*

2023

$17,223 (+4.4%)

$15,895 + $47,565

$63,460

2022

$16,504 (+1.5%)

$15,895 + $47,565

$63,460

2021

$16,253 (+4.1%)

$9,817 + $43,623

$53,440

2020

$15,608 (−1.4%)

$9,817 + $43,623

$53,440

2019

$15,828 (+9.8%)

$9,817 + $50,911

$60,728

2018

$14,409 (+0.4%)

$8,415 + $41,935

$50,350

2017

$14,347 (+3.9%)

$8,415 + $41,935

$50,350

2016

$13,815 (+0.5%)

$8,415 + $41,935

$50,350

2015

$13,740 (+2.0%)

$7,012 + $37,538

$44,550

2014

$13,469 (+5.6%)

$7,012 + $37,538

$44,550

2013

$12,758 (−11.7%)

$7,012 + $37,538

$44,550

2012

$14,449 (+5.1%)

$8,181 + $50,900

$59,081

2011

$13,742 (+1.3%)

$8,181 + $50,900

$59,081

2010

$13,566 (+0.9%)

$8,181 + $50,900

$59,081

2009

$13,444 (+0.7%)

$7,480 + $55,320

$62,800

2008

$13,347 (+0.1%)

$11,968 + $59,395

$71,363

2007

$13,330

$11,968 + $59,395

$71,363

Tax history for 505 Summit Ave

Year

Property tax

Land + Additions

Assessment*

2023

$17,223 (+4.4%)

$15,895 + $47,565

$63,460

2022

$16,504 (+1.5%)

$15,895 + $47,565

$63,460

2021

$16,253 (+4.1%)

$9,817 + $43,623

$53,440

2020

$15,608 (−1.4%)

$9,817 + $43,623

$53,440

2019

$15,828 (+9.8%)

$9,817 + $50,911

$60,728

2018

$14,409 (+0.4%)

$8,415 + $41,935

$50,350

2017

$14,347 (+3.9%)

$8,415 + $41,935

$50,350

2016

$13,815 (+0.5%)

$8,415 + $41,935

$50,350

2015

$13,740 (+2.0%)

$7,012 + $37,538

$44,550

2014

$13,469 (+5.6%)

$7,012 + $37,538

$44,550

2013

$12,758 (−11.7%)

$7,012 + $37,538

$44,550

2012

$14,449 (+5.1%)

$8,181 + $50,900

$59,081

2011

$13,742 (+1.3%)

$8,181 + $50,900

$59,081

2010

$13,566 (+0.9%)

$8,181 + $50,900

$59,081

2009

$13,444 (+0.7%)

$7,480 + $55,320

$62,800

2008

$13,347 (+0.1%)

$11,968 + $59,395

$71,363

2007

$13,330

$11,968 + $59,395

$71,363

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-4

Multi-Family Residential District

The R-4 Multi-Family Residential District is intended to create a moderate density environment of single-family homes, two-family dwellings and multi-family dwellings, including townhomes. This district may provide a transition zone between single-family neighborhoods and adjacent higher intensity land uses, and should have access to major streets or public transportation facilities. Limited non-residential uses that are compatible with surrounding residential neighborhoods may be permitted.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units

Property details

Interior

Basement Information
Basement Finish: Unfinished
Basement Type: Full

Bathroom Information
# of Full Baths: 4

Exterior

Exterior Information
Physical Condition: Average
Building Style Type: Multi-Family
Exterior Wall: Masonry
Building Type: Residential

Property Information
Subdivision Name: JANES PARK RIDGE
Living Sq. Ft: 3,500
# of Units: 4
# of Stories: 2
Stories Type: 2

Lot Information
# of Buildings: 1
Land Sq. Ft: 9,350
Legal Lot Number: 23
Acres: 0.2146
County Use Description: APARTMENTS 2-6

Financial

Assessor Information
Assessment Year: 2023

Public facts

Beds: 8
Baths: 4.0
Sq. Ft.: 3,500
Stories: 2.0
Lot Size: 9,350 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: —
County: Cook County
APN: 09361110170000

Home facts updated by county records on Jul 11, 2026

Around this home

Schools

Eugene Field Elementary School

Public K-5 • Assigned • 1.1mi

10/10

Emerson Middle School

Public 6-8 • Assigned • 1.5mi

8/10

Maine South High School

Public 9-12 • Assigned • 1.6mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

6 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Park Ridge, IL • 60068

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$910,000 – $1.10M

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$2,499,000

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130 N Dee Rd, Park Ridge, IL 60068

$169,990

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2500 Windsor Mall Unit 2D, Park Ridge, IL 60068

$724,000

4 beds3.5 baths3,600 sq ft

120 Boardwalk Pl #120, Park Ridge, IL 60068

$800,000

3 beds2.5 baths6,500 sq ft

221 East Ave, Park Ridge, IL 60068

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1 bed1 bath750 sq ft

2010 S Crescent Ave Unit 2-C, Park Ridge, IL 60068

$899,900

4 beds3.5 baths3,000 sq ft

1829 S Crescent Ave, Park Ridge, IL 60068

$659,000

4 beds2 baths1,925 sq ft

389 Michael John Dr, Park Ridge, IL 60068

$849,000

3 beds2.5 baths2,456 sq ft

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2 beds1 bath1,146 sq ft

1704 S Washington Ave, Park Ridge, IL 60068

Home values near 505 Summit Ave

Data from public records.

Address	Redfin Estimate
463 Summit Avenue #B, Park Ridge, IL 3 Beds \| 3 Baths \| 2500 Sq. Ft.	$677,484
511 Summit Avenue, Park Ridge, IL 8 Beds \| 4 Baths \| 3834 Sq. Ft.	—

Address	Redfin Estimate
463 Summit Avenue #1C, Park Ridge, IL 3 Beds \| 3 Baths \| - Sq. Ft.	$687,077
507 Summit Avenue, Park Ridge, IL 8 Beds \| 6 Baths \| 4280 Sq. Ft.	—

Address	Redfin Estimate
509 Summit Avenue, Park Ridge, IL 18 Beds \| 6 Baths \| 5938 Sq. Ft.	—
463 Summit Avenue #D, Park Ridge, IL 3 Beds \| 3 Baths \| 2602 Sq. Ft.	$731,143

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 60068, IL

Sale history for 505 Summit Ave

Tax history for 505 Summit Ave

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60068

Home values near 505 Summit Ave

More real estate resources