Corcoran Urban Real Estate
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4 Properties Within 0.5 miles of: 5300 S 73rd, Summit

5300 S 73rd
Summit, IL 60501

  • 7 Beds
  • Built In 1964
Price

$599,808

Est Payment
$4,114 / month (details)  
Taxes
$11,212  
Beds
7  
Rooms
15  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
33.3 X 122.5 X 31.9 X 122..4  
Built
1964  
Neighborhood
Summit  
MLS
#12295093
Status
Temporarily No Showings (73 days)

Property Description

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!

Property Map

Property Details

Utilities

  • Heating Baseboard
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Parking
6 Parking Spaces, None, Parking On Site, N/A
Schools
District 217, District 104

Payment Calculator

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Principal & Interest
$3,180
Property Tax
$934
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-20-2025 Listed at $599,808
Last Modified 2/28/25 10:30 AM

Nearby Transportation

  • Bus 62H 0.4 mi
  • Bus 62 0.4 mi
  • Heritage Corridor 0.2 mi
  • I 55 North 0.2 mi
  • I 55 South 0.3 mi
  • Hwy 171 South 0.4 mi
  • Hwy 171 North 1.4 mi
  • I 294 North 4.6 mi
  • I 294 South 4.7 mi
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