5300 S 73rd Court Summit, IL 60501

Multi-Family (2-4 Units) MLS #: 12295093 Listed By CENTURY 21 Pride Realty

$599,808

7 beds
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Est. Property Tax: $11,211
Estimated monthly payments: $3,556/mo.* (recalculate)

Property InformationDescription

Welcome to this turnkey investor property in the heart of Summit! This fully updated 4-unit building offers a fantastic opportunity for both seasoned investors and those looking to enter the rental property market. Each of the four units has been thoughtfully renovated, ensuring modern comfort and style. Three of the units feature two spacious bedrooms and one bathroom, while the fourth unit offers a cozy one-bedroom, one-bathroom layout. What sets this property apart is the meticulous attention to detail in its design, with each unit being completely updated to cater to the needs of today's renters. All four units come with their own dedicated furnace, ensuring that tenants enjoy the perfect temperature year-round, and each has its own coded access, adding an extra layer of security and convenience for both short-term and long-term residents. Currently being used as a successful Airbnb, this property provides the flexibility to either continue as a short-term rental business or be converted into long-term rentals. A coin laundry is available on-site for added tenant convenience. With the property available as fully furnished, it's ready for you to step in and start earning immediately. The potential for revenue is enormous, whether you choose to rent out the units individually or continue to run them as a vacation rental business. This building is conveniently situated close to essential amenities, making it a prime spot for tenants. Investors will appreciate the ease of ownership with minimal upkeep required, and the appeal of a fully furnished, updated property that offers modern amenities, great rental potential, and a strong track record of success. Don't miss out on this incredible investment opportunity-schedule your showing today!

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5300 S 73rd Court, Summit, IL 60501
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School Information

5300 S 73rd Court, Summit, IL 60501

Elementary School
Grades KG-4 | Public School
W W WALKER ELEMENTARY SCHOOL
Summit Argo, IL 60501
7735 W 66th Pl
708.­458.7150
Distance: 1.8 mi
School Rating
D+
Total Students
186
Elementary School
Grades PK-4 | Public School
OTIS P GRAVES ELEMENTARY SCHOOL
Summit Argo, IL 60501
6021 S 74th Ave
708.­458.7260
Distance: 0.9 mi
School Rating
D+
Total Students
434
Elementary School
Grades KG-4 | Public School
WALSH ELEMENTARY SCHOOL
Summit Argo, IL 60501
5640 S 75th Ave
708.­458.7165
Distance: 0.5 mi
School Rating
B-
Total Students
245
Elementary School
Grades 5 | Public School
DR DONALD WHARTON ELEMENTARY SCHOOL
Summit Argo, IL 60501
7555 W 64th St
708.­458.0640
Distance: 1.5 mi
School Rating
A-
Total Students
169
Middle School
Grades 6-8 | Public School
HERITAGE MIDDLE SCHOOL
Summit Argo, IL 60501
6021 S 74th Ave
708.­458.7590
Distance: 0.9 mi
School Rating
D+
Total Students
552
High School
Grades 9-12 | Public School
ARGO COMMUNITY HIGH SCHOOL
Summit Argo, IL 60501
7329 W 63rd St
708.­728.3200
Distance: 1.4 mi
School Rating
C
Total Students
1923
Other Nearby Schools Distance Type Grades School Rating
Peckwas Preparatory Academy 0.7 mi Private PK-8
Byrne Elementary School 0.7 mi Public KG-8 B-
J W Robinson Jr Elementary School 1.1 mi Public KG-5 D
Home Elementary School 1.1 mi Public PK-5 B
Kennedy High School 1.3 mi Public 9-12 D-
Costello School 1.4 mi Public PK-5 D+
Kid'z Colony 1.4 mi Private PK-KG
Kinzie Elementary School 1.4 mi Public KG-8 A
Dore Elementary School 1.6 mi Public PK-8 B-
Blair Early Childhood Center 1.6 mi Public PK-2
Washington Middle School 1.7 mi Public 6-8 D+
Edison Elementary School 1.8 mi Public PK-5 B+
Hale Elementary School 1.8 mi Public KG-8 A-
Lincoln Elementary School 2.2 mi Public PK-5 B-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Summit Argo, IL 60501

Median Age: 35.8
Married: 49%
Number of Households: 3,504
Households with Children: 41.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home