This home's estimate is 13.3% higher than the average sale price ($448K) of 6 comparable homes.
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- Sale & tax history
- Property details
- Neighborhood
- Climate






7204 W 53rd St, Summit, IL 60501
About this home
Brick 4flat in Very Good Condition, Well Maintained and w/ Solid Tenants. 3 Units w/ 2bdrms, 1 Unit w/ 1bdrm, Tenants Pay for Cooking Gas/Electric. 1 of the 2bdrm units is vacant and listed for rent and will most likely have a tenant by Feb 1, 2021.Turnkey Rental, Low Maintenance, in Great Rental Location, Easy to Rent. Just passed Safety Inspection w/ the Village of Summit, nothing left to do. Coin Operated Laundry Facilities in building, brings extra income. Priced at Market, Make an Offer Today!
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Market trends in 60501, IL
Last updated August 2026
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Sale history for 7204 W 53rd St
Tax history for 7204 W 53rd St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- # of Cars: 4
- # of Exterior Parking Spaces: 4
- Parking Space(s)
- Parking On-Site
Interior
- Bedroom Information
- # of Bedrooms: 7
- # of Bedrooms (Above Grade): 7
- Bathroom Information
- # of Baths (Full): 4
- # of Baths (Full): 4
- Heating & Cooling
- Hot Water/Steam Heating
- Unit 1 Information
- # of Rooms: 4
- # of Beds: 2
- # of Baths (Full): 1
- Floor #: 1
- Stove, Refrigerator
- Tenant Pays Electric, Tenant Pays Gas
- Rent: $825
- Lease Expiration Date: 4/21
- Unit 2 Information
- # of Rooms: 3
- # of Beds: 1
- # of Baths (Full): 1
- Floor #: 1
- Stove, Refrigerator
- Tenant Pays Electric, Tenant Pays Gas
- Rent: $700
- Lease Expiration Date: 10/21
- Unit 3 Information
- # of Rooms: 4
- # of Beds: 2
- # of Baths (Full): 1
- Floor #: 2
- Stove, Refrigerator
- Tenant Pays Electric, Tenant Pays Gas
- Rent: $800
- Lease Expiration Date: M/M
- Unit 4 Information
- # of Rooms: 4
- # of Beds: 2
- # of Baths (Full): 1
- Floor #: 2
- Stove, Refrigerator
- Tenant Pays Electric, Tenant Pays Gas
- Rent: $800
- Lease Expiration Date: M/M
Exterior
- Building Information
- # of Units: 4
- Built Before 1978
- Age: 51-60 Years
- Brick Exterior
- Lot Information
- Dimensions: 30X122
- Less Than .25 Acre
- Zoning: MULTI
- Property Information
- # of Rooms: 15
- Ownership: Fee Simple
- Parcel Identification Number: 18124050780000
Financial
- Financial Information
- Tax: $7,758.13
- Tax Year: 2019
- Special Service Area: N
- Total Rental Income: $37,200
- Gross Rental Income: $37,200
- Net Operating Income: $21,964
- Other Additional Income: Coin Laundry
- Finance Code: Conventional
Utilities
- Utility Information
- Water: Lake Michigan
- Sewer (Public)
Location
- School Information
- Elementary School: Dr Donald Wharton Elementary Sch
- Elementary School District: 104
- Junior High: Heritage Middle School
- Junior High District: 104
- High School: Argo Community High School
- High School District: 217
- Location Information
- Township: Lyons
- Corporate Limits: Summit
- Directions: 73rd ave to53rd st to propety
Public facts
- Beds: 7
- Baths: 4.0
- Sq. Ft.: 2,976
- Stories: 2.0
- Lot Size: 3,936 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1963
- Year Renovated: —
- County: Cook County
- APN: 18124050780000
Other
- Expense Information
- Gross: $240
- Electricity: $284
- Insurance: $1,744
- Scavenger: $360
- Listing Information
- Possession: Closing
- Holds Earnest Money: No
- Seller Concessions: Yes
- Seller Concessions Amount/Points: 7000
Around this home
Schools
Public K-5 • Assigned • 0.6mi
Public 6-8 • Assigned • 1.0mi
Public 9-12 • Assigned • 1.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 15 days in 30 years
1% chance of strong winds in next 30 years
3 unhealthy days expected this year, 5 days in 30 years
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.
Nearby similar homes
New listings for sale in 60501
Home values near 7204 W 53rd St
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2221 Sq. Ft. | $355,380 |
7 Beds | 4 Baths | 2976 Sq. Ft. | $480,445 |
| Address | Redfin Estimate |
|---|---|
7 Beds | 4 Baths | - Sq. Ft. | $508,608 |
5 Beds | 2 Baths | - Sq. Ft. | $390,642 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2221 Sq. Ft. | $369,786 |
7 Beds | 4 Baths | - Sq. Ft. | $510,746 |
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