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Single Family ResidenceResidential
$253,504$282 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $101,000 on Jul 29, 1994

7340 W 56TH PL

SUMMIT, IL 60501
3
Beds
2 / 1
Baths
900 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1949
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$254K
$243K low$264K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$101,000 · Jul 29, 1994

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,779 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$22,663 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$3,538
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$19,125
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$22,663
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$226,630

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.38
10
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
67
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.6 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.11
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.None
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Walsh Elementary SchoolC
Elementary · Grades KG–5 · 0.2 mi
M
Heritage Middle SchoolD+
Middle · Grades 6–8 · 0.5 mi
H
Argo Community High SchoolC
High · Grades 9–12 · 0.9 mi

District: Argo Community High School District 217

Neighborhood · ZIP 60501These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.92
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.117
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.46

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.7%
PopulationHow many people live in this area.11,816
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,907 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$57,219
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$86,782
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7340 W 56th Pl measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 70% of homes in Cook County
  • Costs more per square foot than 87% of homes in Summit Argo 60501
  • Smaller than 93% of homes in Cook County
  • Has a bigger lot than 77% of homes in Summit Argo 60501
  • Older than 66% of homes in Cook County

What homes are worth in Summit Argo 60501

Each bar is how many homes fall in that price range. The marker is this home.

This home
$159K$428K

This home is worth more than 36% of homes in Summit Argo 60501.

How it measures up in Summit Argo 60501

The dot is this home. The mark in the middle is the typical home in Summit Argo 60501.

Estimated value$253,504
CheaperTypical $268,577Pricier

Pricier than 36% of homes nearby

Price per ft²$282
CheaperTypical $226Pricier

Pricier than 87% of homes nearby

Living area900 ft²
SmallerTypical 1,319 ft²Bigger

Bigger than 11% of homes nearby

Lot size0.11 ac
SmallerTypical 3,746 ft²Bigger

Bigger than 77% of homes nearby

Year built1949
OlderTypical 1952Newer

Newer than 44% of homes nearby

How 7340 W 56th Pl ranks against every home in each area.
MeasureThis homeSummit Argo 60501Cook County
Estimated valuepricier than$253,50436% of homes30% of homes
Price per ft²pricier than$28287% of homes63% of homes
Living areabigger than900 ft²11% of homes7% of homes
Lot sizebigger than0.11 ac77% of homes36% of homes
Year builtnewer than194944% of homes34% of homes

About 7340 W 56th Pl

How much is 7340 W 56th Pl, Summit, IL worth?

The TopHap Estimate for 7340 W 56th Pl, Summit, IL is $253,504 as of Sep 24, 2026. The likely range is $242,767 to $264,241. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7340 W 56th Pl, Summit, IL last sell?

7340 W 56th Pl, Summit, IL last sold on Jul 29, 1994 for $101,000, according to the county's recorded deed.

How big is 7340 W 56th Pl, Summit, IL?

7340 W 56th Pl, Summit, IL has 3 bedrooms, 2 bathrooms, 900 square feet of living space and a 0.11-acre lot.

When was 7340 W 56th Pl, Summit, IL built?

7340 W 56th Pl, Summit, IL was built in 1949, making it 77 years old. The building has 1 story.

What schools serve 7340 W 56th Pl, Summit, IL?

7340 W 56th Pl, Summit, IL is assigned to Walsh Elementary School (elementary), rated C; Heritage Middle School (middle), rated D+; Argo Community High School (high), rated C. All sit in Argo Community High School District 217. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7340 W 56th Pl, Summit, IL compare to other homes in Summit Argo 60501?

Among the 2,572 homes in Summit Argo 60501, it is worth more than 36% of them ($253,504 against a typical $268,577), its price per square foot is higher than 87% of them ($282 against a typical $226), it is bigger than 11% of them (900 ft² against a typical 1,319 ft²), its lot is bigger than 77% of them (0.11 ac against a typical 3,746 ft²) and it is newer than 44% of them (1949 against a typical 1952). Measured against all of Cook County, it is worth more than 30% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7340 W 56th Pl, Summit, IL?

The 2023 property tax bill for 7340 W 56th Pl, Summit, IL was $6,779. The county assessed it at $22,663.

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