7540 W  Hanover St, Summit, IL 60501
SOLDDEC 28, 2023

7540 W Hanover St
Summit, IL 60501

  • 8 Beds
  • 4 Baths
  • 8 Beds
  • 4 Baths

$285,000

Last Sold: Dec 28, 2023
16% below list $340K
Est. Refi. Payment $2,041/mo*

Homes for Sale Near 7540 W Hanover St

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from January 05, 2024
Great opportunity to own a two story, four unit building next to the Metra station and adjacent to a park! One mile to I-55 and minutes to Midway Airport. All units have hardwood floors. Plenty of street parking! Property being conveyed AS IS. Renovation Loans or Cash only.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
160 days ago

Home Details for 7540 W Hanover St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 16
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4Number of Bathrooms (full): 4
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas

Exterior Features

Exterior Home Features
Exterior: Balcony
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1957Year Renovated: 1985
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: BrickNot a New Construction
Property Information
Parcel Number: 18124010270000

Price & Status

Price
List Price: $340,000
Status Change & Dates
Off Market Date: Sun Nov 26 2023Possession Timing: Close Of Escrow

Location

Direction & Address
City: Summit
School Information
Elementary School District: 104Jr High / Middle School District: 104High School: Argo Community High SchoolHigh School District: 217

Community

Community Features: Park

Lot Information

Lot Area: 3200 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Compensation

Buyer Agency Commission: 2.5%-$295Buyer Agency Commission Type: See Remarks:
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 11935262

Additional Information

ParkMlg Can ViewMlg Can Use: IDX
Last check for updates: about 12 hours ago
Listed by Melissa Casserly, (312) 498-3222
Baird & Warner
Bought with: William Dozier, (815) 768-7913, Coldwell Banker Commercial Real Estate Group
Source: MRED as distributed by MLS GRID, MLS#11935262

Price History for 7540 W Hanover St

DatePriceEventSource
12/28/2023$285,000Sold
MRED as distributed by MLS GRID #11935262
11/27/2023$340,000ContingentMRED as distributed by MLS GRID #11935262
11/21/2023$340,000Listed For SaleMRED as distributed by MLS GRID #11935262
11/21/2023ListingRemovedMRED as distributed by MLS GRID #11930189
11/14/2023$340,000ContingentMRED as distributed by MLS GRID #11930189
11/13/2023$340,000PendingToActiveMRED as distributed by MLS GRID #11930189
11/10/2023$340,000ContingentMRED as distributed by MLS GRID #11925068
11/08/2023$340,000Listed For SaleMRED as distributed by MLS GRID #11925068

Property Taxes and Assessment

Year2021
Tax$6,280
Assessment$149,580
Home facts updated by county records

Comparable Sales for 7540 W Hanover St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.11
Multi-Family Home
$247,500
08/04/23
6
3
-
0.34
Multi-Family Home
$370,000
10/16/23
7
4
-
0.33
Multi-Family Home
$365,000
10/10/23
7
4
-
0.42
Multi-Family Home
$330,000
05/05/23
7
4
-
0.42
Multi-Family Home
$415,500
12/07/23
7
4
-
0.24
Multi-Family Home
$370,000
08/10/23
5
2
-
0.30
Multi-Family Home
$340,000
03/30/24
5
2
-
0.57
Multi-Family Home
$301,000
08/29/23
5
2
-
0.40
Multi-Family Home
$300,000
03/02/24
3
2
-

Assigned Schools

These are the assigned schools for 7540 W Hanover St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Summit

  • Yessica D.
    "My neighbor has easy access to public transportation. Everything is within walking distance if you don’t drive or want to commute."
    1
    Flag
  • Loreenmay63
    "There is no bus service in this neighborhood along Archer/route 171. So you need a vehicle to get around. "
    0
    Flag
  • Veronica T.
    "The schools are great neighborhood is kind of quiet but there are a lot of nosey people around here as well"
    1
    Flag
  • Beken1980
    "Summit used to have movie nights but they stopped doing that, as well as car shows. I'm not a fan of this area. Property taxes are ridiculously expensive for a town that doesn't even fix their streets. Ive lived here for 19 years, 19 years to many if you ask me. "
    3
    Flag
  • Judith P.
    "wish neighbors were friendlier but you do feel safe. close to 55. malls close to the area. 15 minutes from midway. "
    0
    Flag
  • Marisol R.
    "I've lived in this area for 7 yrs and I like it alot. Neighbors are very nice. I love the schools as well. "
    0
    Flag
  • Rudy Y.
    "Gritty folks all they do is win win win no matter what. People can’t stop heart and determination. Many generations have lived here and grown together. It is a tight knit community"
    3
    Flag
  • Tanabellzdad43
    "everyone minds thier business with the occasional loud party on the weekend its a hard working family community"
    0
    Flag
  • Tanabellzdad43
    "everyone minds there own business. everyone gets along it gets a little lound on the weekends but nothing crazy "
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 7540 W Hanover St

Off Market Homes Near 7540 W Hanover St

7540 W Hanover St, Summit, IL 60501 is a 8 bedroom, 4 bathroom multi-family built in 1957. This property is not currently available for sale. 7540 W Hanover St was last sold on Dec 28, 2023 for $285,000 (16% lower than the asking price of $340,000). The current Trulia Estimate for 7540 W Hanover St is $290,800.