Google street view image for 7422 W Hanover St, Summit, IL 60501

Off market oct 1993 for $170K

$570,556

Est. refi paymentEst. refi $1,146/mo

•

5 ba

•

3,800

sq ft

7422 W Hanover St, Summit, IL 60501

About this home

7422 W Hanover St is a 3,800 square foot multi-family home on a 3,900 square foot lot with 9 bedrooms and 5 bathrooms. - it last sold on October 22, 1993 for $170,000. Based on Redfin's Summit data, we estimate the home's value is $570,556.

Multi-familyProperty Type

1970Year Built

3,900 sq ftLot Size

$150Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$570,556

$401K since sold in October 1993$20K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 18.9% higher than the average sale price ($480K) of 6 comparable homes.

SOLD OCT 9, 2026
$368,000
A
4 beds2 baths1,144 sq ft
5317 S Hunt Ave, Summit, IL 60501
SOLD JUN 26, 2026
$482,000
B
4 beds3 baths2,934 sq ft
5422 S Oak Park Ave, Chicago, IL 60638
SOLD NOV 3, 2025
$440,000
C
5 beds3 baths— sq ft
5443 S Nottingham Ave, Chicago, IL 60638
SOLD AUG 11, 2026
$550,000
D
7 beds4 baths— sq ft
5330 S 73rd Ct, Summit, IL 60501
SOLD APR 13, 2026
$475,000
E
6 beds3 baths2,058 sq ft
5148 S Newland Ave, Chicago, IL 60638
SOLD MAR 31, 2026
$565,000
F
4 beds3 baths2,380 sq ft
5345 S Nordica Ave, Chicago, IL 60638

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Earn from this home

Sell

$542,525

Est. take-home

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Est. cash available

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Market trends in 60501, IL

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

97.4%

1.2% MoM

Median sale price

$307K

$33K MoM

Avg. days on market

85d

21 days MoM

Recently sold homes

1 MoM

New listings for sale

NEW
$359,900
6 beds3 baths1,689 sq ft
7324 W 62nd St, Summit, IL 60501
$379,999
5 beds2 baths— sq ft
7640 W 63rd Pl, Summit, IL 60501
$359,900
5 beds2 baths2,500 sq ft
5347 S 73 Ave, Summit, IL 60501
See all

Provided by Redfin

Sale history for 7422 W Hanover St

Year

Property tax

Land + Additions

Assessment*

2023

$11,223 (+97.6%)

$2,828 + $35,173

$38,001

2022

$5,680 (+5.5%)

$2,437 + $17,784

$20,221

2021

$5,382 (+4.9%)

$2,437 + $20,596

$23,033

2020

$5,133 (−15.4%)

$2,437 + $27,778

$30,215

2019

$6,068 (+3.2%)

$2,242 + $25,840

$28,082

2018

$5,879 (+1.9%)

$2,242 + $25,840

$28,082

2017

$5,768 (−23.0%)

$2,242 + $28,135

$30,377

2016

$7,496 (−9.3%)

$1,950 + $18,202

$20,152

2015

$8,267 (−7.7%)

$1,950 + $20,609

$22,559

2014

$8,954 (+20.3%)

$1,950 + $20,609

$22,559

2013

$7,442 (−9.6%)

$1,950 + $19,182

$21,132

2012

$8,231 (+5.5%)

$1,950 + $20,204

$22,154

2011

$7,804 (−24.5%)

$1,950 + $20,204

$22,154

2010

$10,330 (+8.3%)

$1,950 + $34,125

$36,075

2009

$9,539 (+5.8%)

$1,950 + $34,125

$36,075

2008

$9,020 (+1.2%)

$3,120 + $35,671

$38,791

2007

$8,912

$3,120 + $29,297

$32,417

Tax history for 7422 W Hanover St

Year

Property tax

Land + Additions

Assessment*

2023

$11,223 (+97.6%)

$2,828 + $35,173

$38,001

2022

$5,680 (+5.5%)

$2,437 + $17,784

$20,221

2021

$5,382 (+4.9%)

$2,437 + $20,596

$23,033

2020

$5,133 (−15.4%)

$2,437 + $27,778

$30,215

2019

$6,068 (+3.2%)

$2,242 + $25,840

$28,082

2018

$5,879 (+1.9%)

$2,242 + $25,840

$28,082

2017

$5,768 (−23.0%)

$2,242 + $28,135

$30,377

2016

$7,496 (−9.3%)

$1,950 + $18,202

$20,152

2015

$8,267 (−7.7%)

$1,950 + $20,609

$22,559

2014

$8,954 (+20.3%)

$1,950 + $20,609

$22,559

2013

$7,442 (−9.6%)

$1,950 + $19,182

$21,132

2012

$8,231 (+5.5%)

$1,950 + $20,204

$22,154

2011

$7,804 (−24.5%)

$1,950 + $20,204

$22,154

2010

$10,330 (+8.3%)

$1,950 + $34,125

$36,075

2009

$9,539 (+5.8%)

$1,950 + $34,125

$36,075

2008

$9,020 (+1.2%)

$3,120 + $35,671

$38,791

2007

$8,912

$3,120 + $29,297

$32,417

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

Property details

Interior

Basement Information
Basement Finish: Bedroom
Basement Type: Full

Bathroom Information
# of Full Baths: 4
# of 1/2 Baths: 2

Heating & Cooling
Heating Type: Hot Water Steam

Exterior

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

Property Information
Subdivision Name: OREMUS ORCHARD
Living Sq. Ft: 3,800
# of Units: 4
# of Stories: 2
Stories Type: 2
Legal Description: W39FT E79FT L4-L6 BLASIUS E OREMUS ORCHARD SUBD W1/2 SE1/4 S12 T38N R 12E

Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Detached Garage
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 3,900
Legal Lot Number: 4-6
Acres: 0.0895
Depth Footage: 100
Front Footage: 39
County Use Description: APARTMENTS 2-6

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 9
Baths: 5.0
Sq. Ft.: 3,800
Stories: 2.0
Lot Size: 3,900 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1970
Year Renovated: —
County: Cook County
APN: 18124010460000

Home facts updated by county records on Sep 15, 2026

Around this home

Schools

Walsh Elementary School

Public K-5 • Assigned • 0.4mi

7/10

Heritage Middle School

Public 6-8 • Assigned • 0.8mi

6/10

Argo Community High School

Public 9-12 • Assigned • 1.2mi

6/10

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 100° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Summit, IL • 60501

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

$543,000 – $657,000

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Nearby similar homes

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New listings for sale in 60501

NEW

$359,900

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7324 W 62nd St, Summit, IL 60501

Updated kitchen • Private master suite • Theater room

$379,999

5 beds2 baths— sq ft

7640 W 63rd Pl, Summit, IL 60501

Unfinished basement • Central a/c • Newer furnaces

$359,900

5 beds2 baths2,500 sq ft

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Remodeled • Custom kitchen • Electric fireplace

Home values near 7422 W Hanover St

Data from public records.

Address	Redfin Estimate
7504 West Hanover St Apartment 1, Summit, IL 6 Beds \| 2 Baths \| 2296 Sq. Ft.	$402,745
7502 West Hanover St, Summit, IL 4 Beds \| 2 Baths \| 1152 Sq. Ft.	$321,876

Address	Redfin Estimate
7418 West Hanover St, Summit, IL 6 Beds \| 2.5 Baths \| - Sq. Ft.	$412,721
7426 West Hanover St, Summit, IL 6 Beds \| 3 Baths \| 2700 Sq. Ft.	$424,200

Address	Redfin Estimate
7506 West Hanover St, Summit, IL 7 Beds \| 4 Baths \| - Sq. Ft.	$580,152
7501 West Hanover St, Summit, IL 3 Beds \| 1.5 Baths \| 1146 Sq. Ft.	$291,864

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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 60501, IL

Sale history for 7422 W Hanover St

Tax history for 7422 W Hanover St

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60501

Home values near 7422 W Hanover St

More real estate resources