7340 W 56th St, Summit, IL 60501
Property image
Property image
OFF MARKET

$271,700

Trulia Estimate
  • 4 Beds
  • 1 Bath
  • 960 sqft

7340 W 56th St, Summit, IL 60501

Est. Refi. Payment $1,929/mo*
Refinance Your Home
Currently Off Market - Sold Aug 6, 2013 for $128,000

Home Value

Trulia Estimate
$272K
Since last month
$0 (0%)
Since last year
Increased$10K (+3.7%)
Since last sale
Increased$144K (+112.1%)
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 +73% in the last 10 years
MonthEstimated value
2026
August 2026$272K
July 2026$272K
June 2026$273K
May 2026$275K
April 2026$272K
March 2026$265K
February 2026$259K
January 2026$256K
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
7324 W 56th St, Summit, IL
0.03
Single-Family Home
$220,000
06/02/26
3
1
960
7436 W 58th St, Summit, IL
0.28
Single-Family Home
$242,500
05/26/26
3
1
1,068
5612 S Nottingham Ave, Chicago, IL
0.32
Single-Family Home
$278,000
09/26/25
3
1
988
7338 W 57th St, Summit, IL
0.13
Single-Family Home
$300,000
07/10/26
4
2
1,200
7341 W 55th Pl, Summit, IL
0.03
Single-Family Home
$307,000
08/18/26
3
2
1,204
Address Not Disclosed, Summit, IL
0.21
Single-Family Home
$180,250
10/03/25
5
2
1,236
5726 S Neva Ave, Chicago, IL
0.32
Single-Family Home
$330,000
05/27/26
3
1
1,054
7546 W Hanover St, Summit, IL
0.36
Single-Family Home
$240,000
11/26/25
3
1
1,178
5445 S 73rd Ave, Summit, IL
0.19
Single-Family Home
$208,209
10/04/25
3
2
1,753
6084 S 75th Ave #1, Summit, IL
0.64
Single-Family Home
$196,000
09/24/25
4
1
1,103

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
5612 S 74th Ave, Summit, IL 60501
0.07
$283,200
2
1
988
Off Market
7341 W 55th Pl, Summit, IL 60501
0.03
$307,000
3
2
1,204
Recently Sold
7348 W 56th Pl, Summit Argo, IL 60501
0.07
$362,200
5
3
-
Off Market
7329 W 55th Pl, Summit, IL 60501
0.04
$361,000
3
2
1,400
Recently Sold
7324 W 56th Pl, Summit, IL 60501
0.07
$344,700
4
2
1,384
Off Market
7341 W 56th Pl, Summit, IL 60501
0.09
$345,000
5
2
-
Recently Sold
7349 W Archer Ave, Summit Argo, IL 60501
0.09
$460,600
7
3
-
Off Market
7338 W 57th St, Summit, IL 60501
0.13
$300,000
4
2
1,200
Recently Sold
7330 W 57th St, Summit, IL 60501
0.13
$370,600
3
3
2,136
Off Market
5539 S 73rd Ave, Summit, IL 60501
0.10
$275,400
2
1
874
Off Market
7318 W 57th St, Summit, IL 60501
0.13
$283,200
3
1
1,357
Off Market
7440 W 56th Pl, Summit, IL 60501
0.16
$437,000
4
2
3,030
Off Market

Local Information

  • Map ViewExplore the area around 7340 W 56th St.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1952
Living Area
960 sqft
Price/Sqft
$283
Parking
Garage

About this House

Calling all investors. Tenant already in place, and would love to stay. Home is clean and well taken care of. The only house on the block with side drive. Garage has O.H. door to alley and drive. Finished basement with bar, office/den, and laundry room. Newer furnace and A/C unit. All appliances included. For more information, please contact Mike Kaput at 708-552-8002.
7340 W 56th St, Summit, IL 60501 is a 4 bedroom, 1 bathroom, 960 sqft single-family home built in 1952. It last sold for $128,000 on Aug 6, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $271,700, with a rent estimate of $2,349/month.

Home Details for 7340 W 56th St

Interior Features

Interior Details
BasementNumber of Rooms: 8Types of Rooms: Family Room, Laundry Room, Office
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1.5Floors: Carpet, Hardwood, Linoleum Vinyl
Appliances & Utilities
DryerRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Stone
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1952
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 4880 sqft

Price and Tax history

DateEventPrice
Aug 6, 2013
Source: MRED as distributed by MLS GRID #08164422
Sold
$128,000

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

Frequently asked questions about 7340 W 56th St

  • What is 7340 W 56th St estimated to be worth?
    Trulia's estimated value for 7340 W 56th St in Summit, IL is $271,700.
  • What is the price history for 7340 W 56th St?
    7340 W 56th St in Summit, IL last sold for $128,000 in August 2013.
  • 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 7340 W 56th St have air conditioning?
    Yes, 7340 W 56th St in Summit, IL has air conditioning.
  • Does 7340 W 56th St have laundry facilities?
    Yes, 7340 W 56th St in Summit, IL has in-unit laundry.

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Off Market Homes Near 7340 W 56th St

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