Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7621 23rd W 63rd St Summit, IL 60501

    • Retail space
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-0145720
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 7621 23rd W 63rd St

    Year built
    1948
    Lot size
    0.07 lot acres
    Property type
    Retail space
    APN
    18-24-102-025
    APU
    1824102025

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Cook
    State
    Illinois
    Longitude
    -87.8118
    Latitude
    41.7768
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,033
    $6,250
    $28,592
    $34,842
    -
    $25,000
    $114,368
    $139,368

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      5408 Harlem Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      5408 Harlem Ave, Summit Argo, IL 60501-1102
      View Details
    • Value Estimation by Request
      0.10 Acres

      6350 Harlem Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      6350 Harlem Ave, Summit, IL 60501-1834
      View Details
    • Value Estimation by Request
      0.81 Acres

      6401 Archer Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.81 Acres
      6401 Archer Rd, Summit, IL 60501-1934
      View Details
    • Value Estimation by Request
      0.06 Acres

      6153 Archer Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      6153 Archer Rd, Summit, IL 60501-1631
      View Details
    • Value Estimation by Request
      0.07 Acres

      7509 63rd St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      7509 63rd St, Summit, IL 60501-1813
      View Details
    • Value Estimation by Request
      0.07 Acres

      7623 63rd Pl

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      7623 63rd Pl, Summit, IL 60501-1801
      View Details

    Similar Nearby for Sale

    • $299,000

      Summit Mixed-Use Investment Opportunity

      Prime Location, Turn-Key Bar & Apartment
      6105 Archer Rd, Summit, IL 60501
      View Details
    • $849,000
      5,000 SF

      Established Daycare Business Opportunity

      Thriving daycare business, building, and land for sale in Summit.
      9999 Day Care Confidential Dr, Summit, IL 60501
      View Details
    • $1,900,000
      17,791 SF

      Summit Office Building For Sale

      17,791 SF office building, ideal for owner occupancy.
      5818 S Archer Rd, Summit, IL 60501
      View Details
    • $35,000

      Land Near Harlem Avenue

      Land for sale near Argo High School in Summit, IL.
      7420 W 63 Pl, Summit, IL 60501
      View Details
    • $2,000,000
      4,550 SF

      Summit Retail Center Investment Opportunity

      High-traffic corner, 4 leased units, expansion potential.
      7201 63 St, Summit, IL 60501
      View Details
    • $349,880

      Summit Two-Flat with B-2 Potential

      Well-maintained two-flat in Summit, ideal for investors or owner-occupants.
      7318 W Archer Ave, Summit, IL 60501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7621 23rd W 63rd St
    Summit, IL 60501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.