7631 W 63rd Pl | Summit, IL 60501
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7631 W 63rd Pl
Summit, IL 60501
Summit 1 Apartments · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Strong Unit Mix – 4 One-Bedroom, 9 Two-Bedroom, and 5 Three-Bedroom Units
- High Growth Potential – Existing Rents Nearly 20% Below Market
- Substantial Renovations – 12 of 18 Units Rehabbed
- Current / Forecasted Cap Rate – 7.71% / 9.10%
- Proximity to Transportation – Less Than 5 Miles From Midway Airport, 13 Miles Southwest of Downtown Chicago
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 15,948 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Zoning | R-2 - Multi-Family Residential District | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 15,948 SF |
| No. Stories | 3 |
| Year Built | 1954 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R-2 - Multi-Family Residential District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 9 | - | - |
| 3+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 18-24-103-045-0000 | Improvements Assessment | $142,001 |
| Land Assessment | $11,202 | Total Assessment | $153,203 |
PROPERTY TAXES
Parcel Number
18-24-103-045-0000
Land Assessment
$11,202
Improvements Assessment
$142,001
Total Assessment
$153,203
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