7416 W 56th St, Summit, IL 60501 Property Records

Cook County property record for 7416 W 56th St, Summit, IL 60501

Property Summary

Property TypeApartments (5+ Units)
Details5 bd · 3 ba · 2,475 sqft · built 1956
Lot Size0.144 acres (6,250 sqft)
OwnerIndividual Name on Record
Last Sale$365,000 (Apr 2022)
Tax Bill$10,751 (2023)
Deeds & MortgagesApr 2022 Sale & Mortgage
Apr 2019 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN18-13-202-062

Property Details

APN / Parcel Number

Primary APN18-13-202-062
Alternative APN
  • 18-13-202-062-0000

Interior

Bedrooms5 Beds
Full Baths3 Baths
Total Rooms10 Rooms
Stories1 Story
Building Area2,475 sqft Living Area
1st Floor Area2,333 sqft

Exterior

Year BuiltBuilt 1956
Effective Year BuiltEffective 1956
Architectural StyleMulti-Family
Exterior MaterialBrick/Stone
Construction TypeFrame
Roof MaterialAsphalt
Lot Area6,250 sqft (0.144 acres)
Garage TypeDetached
Parking Spaces2 Parking Spaces

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHVAC

Location & Zoning

Street Address7416 W 56TH ST
CitySUMMIT ARGO
StateIL
Zip60501-1334
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Legal Description(FOURTH) ADD TO (SUMMIT) SUB OF PTS OF BLK 3-4&6 SEC 13-38-12
Legal Range12E
Legal Township38N
Legal Section13
Legal SubdivisionFOURTH ADD TO SUMMIT
Legal Block3,4
Legal Lot Number14,15
JurisdictionCOOK IL
Township / Civil DivisionLYONS
Census Block Group2
Census Block2028
Census Tract820300

Owner

Source: Cook County records, as of May 27, 2026

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

Owner of RecordIndividual Name on Record
Mailing Address7416 W 56TH ST, SUMMIT ARGO, IL 60501-1334
OccupancyOwner Occupied
Owner TypeIndividual
VestingSingle Woman

Deeds, Mortgages & Sale History

DateDocument
Apr 20, 2022Warranty Deed, Transfer · FHA Mortgage
COMPASS MORTGAGE INC
Apr 25, 2019Grant Deed, Transfer · FHA Mortgage
NATIONS DIRECT MTG

Assessor's Deed Record

Deed NamesName on Deed
Last SaleApr 20, 2022 · Amount on Record
Deed SaleApr 20, 2022 · Amount on Record
Prior SaleApr 20, 2022 · Amount on Record
Deed Document Number20222211001210
Prior Transfer DateApr 21, 2008
Prior Transfer Doc0000034056
Record UpdatedOct 29, 2026

April 2022: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionCOOK IL
Recording DateApr 20, 2022
Property Address7416 W 56TH ST, SUMMIT, IL 60501-1334
Document Number0011001210
Instrument DateApr 18, 2022
Instrument2211001210
Transaction TypeTransfer
Record UpdatedApr 29, 2022
Title CompanyE-CHICAGO TITLE, CHICAGO TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$365.00
Amount AccuracyRounded by County
Additional
  • Lis Pendens
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address7416 W 56TH ST, SUMMIT, IL 60501-1334

Mortgage

Document Number0011001211
DateApr 20, 2022
Instrument2211001211
Lender
NameCOMPASS MORTGAGE INC
TypeMortgage Company
Agreement
TypeFHA Mortgage
AmountAmount Recorded
Term361 Months
DueMay 1, 2052
Interest
Rate TypeFixed Rate
Rate4.25%

April 2019: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateApr 25, 2019
Property Address7416 W 56TH ST, SUMMIT, IL 60501-1334
Document Number1911546019
Instrument DateApr 22, 2019
Instrument11546019
Transaction TypeTransfer
Record UpdatedMay 2, 2019
Title CompanyGREATER ILLINOIS TITLE COMPANY, GREATER ILLINOIS TITLE CO

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$264.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address7416 W 56TH ST SUMMIT IL 605011334, SUMMIT, IL 60501-1334

Mortgage

Document Number1911546020
DateApr 25, 2019
Instrument11546020
Lender
NameNATIONS DIRECT MTG
TypeMortgage Company
AddressSANTA ANA, CA 92707
Agreement
TypeFHA Mortgage
AmountAmount Recorded
Term360 Months
DueApr 24, 2049
Interest
Rate TypeFixed Rate
Rate4.25%

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 (+39.79%) Land $4,531 Building $26,469$310,000 (+39.79%) Land $45,310 Building $264,690
2023$10,751.00 (+32.86%)
2022$8,092.00$22,176 Land $3,906 Building $18,270$221,760 Land $39,060 Building $182,700

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

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; 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 640 locations within half a mile, as of December 31, 2025

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

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