7222 Park Ave, Summit, IL 60501
Property image
Property image
OFF MARKET

$445,900

Trulia Estimate
  • 7 Beds
  • 3 Baths

7222 Park Ave, Summit, IL 60501

Est. Refi. Payment $3,128/mo*
Refinance Your Home
Currently Off Market - Sold Jun 30, 2025 for $420,000

Home Value

Trulia Estimate
$446K
Since last month
Decreased$1K (-0.2%)
Since last year
Increased$25K (+5.9%)
Since last sale
Increased$27K (+6.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +79% in the last 10 years
MonthEstimated value
2026
August 2026$447K
August 2026$446K
July 2026$448K
June 2026$444K
May 2026$441K
April 2026$437K
March 2026$432K
February 2026$423K
January 2026$433K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7235 Park Ave, Summit, IL
0.05
Multi-Family Home
$409,000
01/09/26
5
2
-
5330 S 73rd Ct, Summit Argo, IL
0.18
Multi-Family Home
$550,000
08/11/26
7
4
-
5443 S Nottingham Ave, Chicago, IL
0.39
Multi-Family Home
$440,000
11/03/25
5
3
-
5322 S 72nd Ct, Summit Argo, IL
0.11
Multi-Family Home
$380,000
06/23/26
5
2
-
7346 W 57th Pl, Summit, IL
0.69
Multi-Family Home
$365,000
03/12/26
5
3
-
5542 S Nottingham Ave, Chicago, IL
0.49
Multi-Family Home
$440,000
06/18/26
4
3
-
7341 W 56th Pl, Summit, IL
0.59
Multi-Family Home
$345,000
12/09/25
5
2
-
7535 W 58th Pl, Summit Argo, IL
0.92
Multi-Family Home
$435,000
05/26/26
7
4
-
7318 W Archer Ave, Summit Argo, IL
0.37
Multi-Family Home
$325,000
03/23/26
4
2
-
7508 W 59th St, Summit, IL
0.92
Multi-Family Home
$565,000
05/06/26
8
3
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7224 Park Ave, Summit Argo, IL 60501
0.01
$483,000
7
4
-
Off Market
7234 Park Ave, Summit, IL 60501
0.04
$487,800
7
4
-
Off Market
7235 Park Ave, Summit, IL 60501
0.05
$409,000
5
2
-
Recently Sold
7208 Park Ave, Summit, IL 60501
0.04
$508,400
7
4
-
Off Market
7236 Park Ave, Summit, IL 60501
0.04
$479,300
7
4
-
Off Market
7237 Park Ave, Summit, IL 60501
0.06
$401,700
5
2
-
Off Market
5309 S 72nd Ct, Summit, IL 60501
0.11
$417,200
5
2
-
Off Market
5322 S 72nd Ct, Summit Argo, IL 60501
0.11
$380,000
5
2
-
Recently Sold
5211 S 73rd Ct, Summit, IL 60501
0.10
$514,300
7
4
-
Off Market
5326 S 72nd Ct, Summit Argo, IL 60501
0.13
$385,700
5
2
-
Off Market
5320 S 73rd Ave, Summit Argo, IL 60501
0.12
$430,000
5
2
-
For Sale

Local Information

  • Map ViewExplore the area around 7222 Park Ave.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
0.25 acre lot
4 Parking Spaces

About this House

Rare investment Opportunity Alert! Here's your chance to own a money-maker in Summit! 4-Unit Property, 7-Bedrooms, 4-Bathrooms, 4 Parking spaces in the back of the building and Coins laundry room. Fully Occupied - Stable Income Stream Don't miss out on this incredible investment! Contact your local realtor today for more information or to schedule a private tour. Act fast-opportunities like this don't last long!
7222 Park Ave, Summit, IL 60501 is a 7 bedroom, 4 bathroom multi-family. It last sold for $420,000 on Jun 30, 2025 (9% above the $385,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $445,900, with a rent estimate of $2,036/month.
Last check for updates: about 13 hours ago
Listed by Emmanuel Nevarez, (708) 712-1632
Midwest SignatureProperties Co
Bought with: Angel Ontiveros, (773) 996-0907, RE/MAX Mi Casa
Source: MRED as distributed by MLS GRID, MLS#12254382

Home Details for 7222 Park Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 16
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 4Number of Bathrooms (full): 3
Heating & Cooling
Heating: Natural Gas,Steam,BaseboardHas HeatingHeating Fuel: Natural Gas
View
No View
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Concrete Perimeter
Parking & Garage
No Attached GarageParking Spaces: 4Parking: None,Yes,Other
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 18124040290000Model Home Type: 4 FLAT

Price & Status

Price
List Price: $385,000
Status Change & Dates
Off Market Date: Mon Dec 16 2024Possession Timing: Close Of Escrow, Subject To Tenant Rights

Location

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

Building

Building Details
Builder Model: 4 FLAT

Community

Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Information

Lot Area: 10890 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12254382

Additional Information

CurbsSidewalksStreet LightsStreet PavedSource Internet Entire Listing DisplayMRD IDX Comments Reviews: NoMRD Listing On IDX Display: YesMRD AVM On IDX Display: NoMRD Address On VOW Display: NoMRD Price History On IDX Display: NoMRD Market Time On IDX Display: NoMRD REMARKSINTERNET: YesSource Internet Address DisplayHide Days On Site DisplayHide Price History DisplayMRD Remarks On VOW Display: No

Price and Tax history

DateEventPrice
Jun 30, 2025
Source: MRED as distributed by MLS GRID #12254382
Sold
$420,000
Dec 16, 2024
Source: MRED as distributed by MLS GRID #12254382
Pending
$385,000
Dec 11, 2024
Source: MRED as distributed by MLS GRID #12254382
Listed For Sale
$385,000
Nov 18, 2019
Source: MRED as distributed by MLS GRID #10534758
Sold
$275,000
Oct 7, 2019
Source: Agent Provided
Pending
$283,900

Market trends in Summit

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
11
3MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Summit

At least 61 Trulia users voted on each feature.

  • 91 % Say there are sidewalks

  • 84 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 81 % Say it's walkable to restaurants

  • 77 % Say it's walkable to grocery stores

  • 72 % Say streets are well-lit

  • 71 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 69 % Say it's quiet

  • 65 % Say car is needed

  • 65 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say parking is easy

  • 43 % Say neighbors are friendly

  • 36 % Say there are community events

  • 30 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Dan Ellis
    "Working class families with some retail and interstate and metro access. "
    0
    Flag
  • Yasmin Richardson
    "The neighborhood has access to public transportation, which I feel is necessary to live here. A car is a must or some means of transportation. "
    0
    Flag
  • Nicolas Ochoa
    "I really like to see the mind walking with its dogs and exercising. "
    0
    Flag
  • 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 2026. 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. Click here for more information

Frequently asked questions about 7222 Park Ave

  • What is 7222 Park Ave estimated to be worth?
    Trulia's estimated value for 7222 Park Ave in Summit, IL is $445,900.
  • What is the price history for 7222 Park Ave?
    7222 Park Ave in Summit, IL last sold for $420,000 in June 2025.
  • Is Summit a buyer's or seller's market?
    Summit is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Summit?
    Residents describe Summit, IL as pedestrian-friendly, well-kept, and dog-friendly. See recently sold homes in Summit, IL.
  • Does 7222 Park Ave have parking?
    Yes, 7222 Park Ave in Summit, IL has on-site parking.

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