5300 S 73rd Court
Summit, IL 60501
- 7 beds
- 4 baths
- – sqft
- 3,920 sqft lot
- 1964 build
- – on site
Welcome to this turnkey investor property in the heart of Summit! This fully updated 4-unit building offers a fantastic opportunity for both seasoned investors and those looking to enter the rental property market. Each of the four units has been thoughtfully renovated, ensuring modern comfort and style. Three of the units feature two spacious bedrooms and one bathroom, while the fourth unit offers a cozy one-bedroom, one-bathroom layout. What sets this property apart is the meticulous attention to detail in its design, with each unit being completely updated to cater to the needs of today's renters. All four units come with their own dedicated furnace, ensuring that tenants enjoy the perfect temperature year-round, and each has its own coded access, adding an extra layer of security and convenience for both short-term and long-term residents. Currently being used as a successful Airbnb, this property provides the flexibility to either continue as a short-term rental business or be converted into long-term rentals. A coin laundry is available on-site for added tenant convenience. With the property available as fully furnished, it's ready for you to step in and start earning immediately. The potential for revenue is enormous, whether you choose to rent out the units individually or continue to run them as a vacation rental business. This building is conveniently situated close to essential amenities, making it a prime spot for tenants. Investors will appreciate the ease of ownership with minimal upkeep required, and the appeal of a fully furnished, updated property that offers modern amenities, great rental potential, and a strong track record of success. Don't miss out on this incredible investment opportunity-schedule your showing today!
Last checked:
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Last updated Feb 20, 2025
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MLS# 12295093 —
The Building
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Year Built:1964
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Rebuilt:No
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New Construction:false
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Model:4 FLAT
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Roof:Asphalt
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Basement:None
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Foundation Details:Concrete Perimeter
Interior
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Rooms Total:15
Location
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Directions:ARCHER TO 73RD TO ADDRESS
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Location:75503
The Property
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Parcel Number:18124020460000
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Property Type:Residential Income
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Lot Size Dimensions:33.3 X 122.5 X 31.9 X 122..4
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Lot Size Acres:0.09
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (815) 735-0749
- Office phone:
- (708) 479-0021
Taxes
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Tax Year:2023
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Tax Annual Amount:11211.65
Beds
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Bedrooms Total:7
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Bedrooms Possible:7
Baths
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Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Baseboard
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School District:104
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Middle Or Junior School District:104
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High School District:217
The Community
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Community Features:Curbs, Sidewalks, Street Lights, Street Paved
Parking
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Parking Total:6
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Parking Features:None
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Parking Onsite:Yes
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Parking Ownership:N/A
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/20/25
Feb 20, 2025
|
Listed / Active | MRED | $599,808 | |
10/23/22
Oct 23, 2022
|
Sold Subject To Contingencies | MRED | ||
10/17/22
Oct 17, 2022
|
Listed / Active | MRED |