7412 W 63rd Place
Summit, IL, 60501
$737,000
5 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12603836 image #0
Introducing a remarkable multi-unit building in the heart of Summit. Offering a lucrative investment opportunity for savvy buyers. This fully leased six-unit property boasts a low vacancy rate, ensuring consistent cash flow and long-term stability. Enjoy immediate returns with all six units fully leased, creating a reliable income stream in a highly sought-after rental market. Experience peace of mind with a proven low vacancy rate, demonstrating strong tenant demand and satisfaction. The property features a robust cap rate, indicative of strong financial performance and an excellent investment potential. Significant renovations have been completed in 2023, including: A brand-new roof enhances the building’s structural integrity and aesthetic appeal. Upgraded windows & doors to improve energy efficiency and contribute to tenant comfort. Enhancements to the garage, including new siding, door, and light fixtures, bolster both functionality and curb appeal. With its excellent financial performance, extensive upgrades, and prime location, this six-unit building in Summit, is a fantastic opportunity for investors seeking a well-performing asset with long-term growth potential. Don’t miss your chance to capitalize on this exceptional listing!

Property Details

Price:
$737,000
MLS #:
MRD12603836
Status:
Active Under Contract
Beds:
5
Baths:
6
Type:
Commercial
Neighborhood:
summit
Listed Date:
Apr 10, 2026
Year Built:
1961
SummitSummit

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Stories
2

Financial

Net Operating Income
$64,115
Tax Year
2024
Taxes
$16,820

Map

Community

Market Summary

Current real estate data for Commercial in Summit as of May 15, 2026
10
Commercial Listed
82
Avg DOM
$347,490
Avg List Price

Property Summary

    7412 W 63rd Place Summit IL is a Commercial for sale in Summit, IL, 60501. It is listed for $737,000

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7412 W 63rd Place
Summit, IL