7234 ParkSummit, IL 60501

  • Residential income homes
  • 2,976 SF
Off market
$1,151,380 Estimated

Property Details for 7234 Park

Year built
1963
Construction
FRAME
Lot size
0.11 AC
Property size (Sq ft)
2,976 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
18-12-404-034
APU
1812404034

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,110,823
    6.5%
    $1,025,375
    7%
    $952,134
  • Comparable approach

    Method
    Valuation
    Relative Method
    $600,817
    Geo Method
    $600,817
  • Alternative Use

    Use
    Valuation
    Residential
    $1,025,375
    Hospitality
    $939,238
    Educational
    $781,435
    Medical
    $808,310
    Retail
    $1,215,566
7234 Park, Summit, Illinois

Location Insight

City
Summit
County
Cook
State
Illinois
Latitude
41.797
Longitude
-87.8039
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,637
$3,128
$16,891
$20,019
-
$31,280
$168,910
$200,190

FAQs

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