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7416 W 63rd Place Summit, IL 60501 Residential - Single Family New

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  • 7416 W 63rd Place , Summit, IL 60501 Main Photo

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Description

Calling all serious investors and vision-driven homeowners, this is the kind of opportunity that does not wait. Located in the red hot Summit area, this property is your chance to step into a project with real upside, strong fundamentals, and untapped potential. With amazing bones already in place, the foundation is set for something truly special. Recent improvements include a new roof, new windows, a new half bath in the basement, and a renovated full bath on the main level, giving you a head start while still leaving room to add your own vision and value. Whether you are looking to renovate, reposition, or build long-term equity, this property delivers the perfect canvas. It may require work, but for the right buyer, that is exactly where the opportunity begins. You are not just purchasing a property, you are securing the chance to create something meaningful and profitable. The property is being sold strictly as-is, with no survey or disclosures provided. The buyer will be responsible for all city inspections, property clean-out, and any required repairs. Taxes will be prorated at 100 percent, and all earnest money must be submitted in certified funds. All offers must include proof of funds or a pre-approval letter. This is a drive-by only opportunity with a site-unseen contract required. Please do not disturb or interfere with the tenant under any circumstances. All property details, including room count and lot size, are estimated and not guaranteed. Buyers are responsible for conducting their own due diligence. Opportunities like this come down to timing, vision, and decisiveness. If you recognize the value here, you already know your next move.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,200
Built in 1961
School District: District 217
Brick Exterior

General Information

Bedrooms: 3
Bathrooms: 2
Sqft: 1,200
County: Cook
Listed By:
RE/MAX 10 Lincoln Park 773-348-8500
MRED MLS

Room Information

Bedroom 2: 14X12
Bedroom 3: 12X10
Kitchen: 18X10
Living Room: 18X12
Primary Bedroom: 16X14
$239,900
Est. $1,585/mo
3beds
2baths
1,200sqft
New to the Market New
BEDS3 BATHS1 full 1 partial SQUARE FEET1,200 MLS#12609827
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 217

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Ruhl&Ruhl Realtors
563.441.1776

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7416 W 63rd Place , Summit, IL 60501.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $239,900$239,900$239,900
Down Payment $47,980$8,397$59,975
Monthly Mortgage Amount $1,151$1,412$1,470
Taxes $334$334$334
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$106$0
Monthly Estimated Total $1,585$1,952$1,904

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