7216 Park Ave, Summit Argo, IL 60501 Property Records

Cook County property record for 7216 Park Ave, Summit Argo, IL 60501

Property Summary

Property TypeApartments (5+ Units)
Details7 bd · 4 ba · 2,976 sqft · built 1963
Lot Size0.088 acres (3,840 sqft)
OwnerCompany Name on Record
Last Sale$330,000 (Feb 2022)
Tax Bill$10,862 (2023)
Deeds & MortgagesJun 2026 Line of Credit
Feb 2022 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN18-12-404-026

Property Details

APN / Parcel Number

Primary APN18-12-404-026
Alternative APN
  • 18-12-404-026-0000

Interior

Bedrooms7 Beds
Full Baths4 Baths
Total Rooms15 Rooms
Units8 Units
Stories2 Stories
Building Area2,976 sqft Living Area

Exterior

Year BuiltBuilt 1963
Effective Year BuiltEffective 1963
Architectural StyleMulti-Family
Exterior MaterialBrick/Stone
Construction TypeMasonry / Concrete Block
Foundation TypeSlab (Mat/Raft)
Roof MaterialTar & Gravel
Lot Area3,840 sqft (0.088 acres)

Utilities, Heating & Cooling

Cooling SystemHVAC
Heating SystemHot Water

Location & Zoning

Street Address7216 PARK AVE
CitySUMMIT ARGO
StateIL
Zip60501-1153
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Legal Description(PARK)(ACRES) SUB OF BLKS 8-10 IN CHICAGO TITLE & TRU ST COS THIRD ADDN TO SUMMIT IN SE 1/4 SEC 12-38-12
Legal Range12E
Legal Township38N
Legal Section12
Legal SubdivisionPARK ACRES
Legal Block8-10
Legal Lot Number8
JurisdictionCOOK IL
Township / Civil DivisionLYONS
Census Block Group1
Census Block1019
Census Tract820300

Owner

Source: Cook County records, as of October 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address1440 W TAYLOR ST, CHICAGO, IL 60607-4623
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Jun 1, 2026Deed of Trust, Mortgage · Line of Credit
OLD NATIONAL BANK
Feb 17, 2022Deed, Transfer · FHA Mortgage
LOANDEPOT.COM LLC

Assessor's Deed Record

Deed NamesName on Deed
Last SaleFeb 17, 2022 · Amount on Record
Deed SaleFeb 17, 2022 · Amount on Record
Deed Document Number2022816071
Prior Transfer DateDec 10, 2021
Prior Transfer Doc0000816071
Record UpdatedOct 29, 2026

June 2026: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Recording DateJun 1, 2026
Property Address7216 PARK AVE, SUMMIT ARGO, IL 60501-1153
Document Number0000019009
Instrument DateApr 10, 2026
Instrument202619009
Transaction TypeMortgage
Record UpdatedJul 12, 2026
Title CompanyACCURATE GROUP

Transferred To (Grantee/Buyer)

NameVerified Name
Address7216 PARK AVE, SUMMIT ARGO, IL 60501-1153

Mortgage

Document Number0000019009,
DateJun 1, 2026
Instrument202619009
Lender
NameOLD NATIONAL BANK
Agreement
TypeLine of Credit
AmountAmount Recorded
Term360 Months
DueApr 25, 2056
Interest
Rate TypeAdjustable Rate
Rate6.11%
Initial TypeAdjustable Rate
AdjustableAdjustable Rate Rider
Max Rate-1%

February 2022: Deed, Transfer

Document TypeDeed
JurisdictionCOOK IL
Recording DateFeb 17, 2022
Property Address7216 PARK AVE, SUMMIT, IL 60501-1153
Document Number0004816071
Instrument DateDec 10, 2021
Instrument2204816071
Transaction TypeTransfer
Record UpdatedMar 23, 2022
Title CompanyGREATER ILLINOIS TITLE COMPANY, GREATER ILLINOIS TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$330.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address1100 LAKE ST # ST100C, 1100, OAK PARK, IL 60301-1015

Transferred To (Grantee/Buyer)

NameVerified Name
Address7216 PARK AVE, SUMMIT, IL 60501-1153

Mortgage

Document Number0004816072
DateFeb 17, 2022
Instrument2204816072
Lender
NameLOANDEPOT.COM LLC
TypeMortgage Company
Agreement
TypeFHA Mortgage
AmountAmount Recorded
Term359 Months
DueJan 1, 2052
Interest
Rate3.5%

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
County SubdivisionLyons Township
MunicipalitySummit Village
Secondary School DistrictArgo Community High School District 217 (09 - 12)
Elementary School DistrictSummit School District 104 (PK - 08)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$31,000 (+54.75%) Land $2,784 Building $28,216$310,000 (+54.75%) Land $27,840 Building $282,160
2023$10,862.00 (+25.69%)
2022$8,642.00$20,032 Land $2,400 Building $17,632$200,320 Land $24,000 Building $176,320

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Claims1 (1982)
Most Recent ClaimDec 1982 · tidal / storm surge

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemSUMMIT
serves 11,161 people · EPA ID IL0310060
Water SourcePurchased surface water from CHICAGO
Last State InspectionMar 2026
Lead7 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting4
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 463 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · DSL · Fixed Wireless in parts of the area
5,000 / 5,000
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20
Starlink
Satellite
280 / 30
T-Mobile
Fixed Wireless
100 / 20

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