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7227-7239 W 58th St
Summit, IL 60501
Summit Court Apartments · Multifamily Property For Sale
·
48 Units
PROPERTY FACTS
| No. Units | 48 | Building Size | 31,600 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 0.70 AC | ||
| Zoning | Multi-Family | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 31,600 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | Multi-Family |
ABOUT 7227-7239 W 58TH ST , SUMMIT, IL 60501
Marcus & Millichap is pleased to present a 48-unit apartment building located at 7227-7239 West 58th Street in Summit, Illinois. Summit is a village in Cook County and is located approximately 13 miles southwest of the downtown Chicago Loop. The area provides convenient access to Interstate 55. Public transportation is readily available at the Summit train station, serviced by both Metra and Amtrak, located one mile northwest of the property. CTA and PACE bus stops are conveniently located on Harlem Avenue, which is approximately a half block east of the subject property. For domestic and international travel purposes, Midway International Airport is approximately four miles directly east of the asset. The unit mix is comprised of 44 one-bedroom / one-bathroom units and four two-bedroom / one-bathroom units measuring approximately 525 and 800 square feet, respectively. The property features 28 off-street parking spaces. The property is positioned between 57th Place and West 58th Place on West 58th Street off of Harlem Avenue; a major north-south thoroughfare that stretches for miles. This investment offers an investor the opportunity to acquire a stabilized property with immediate cash flow upon acquisition.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 44 | $775.00 | 525 |
| 2+1 | 4 | $962.50 | 800 |
PROPERTY TAXES
| Parcel Number | 18-13-226-003-0000 | Improvements Assessment | $232,075 |
| Land Assessment | $21,752 | Total Assessment | $253,827 |
PROPERTY TAXES
