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Apartments (Generic)Residential
$429,928$174 / 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 $365,000 on Apr 20, 2022

7416 W 56TH ST

SUMMIT ARGO, IL 60501
5
Beds
3
Baths
2,475 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1956
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
10
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

$430K
$414K low$446K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$365,000 · Apr 20, 2022

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$10,751 (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.$31,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$4,531
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$26,469
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$29,494
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$310,000

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.37
1
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.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Apartments (Generic)
CountyCOOK
Lot (acres)The size of the land the home sits on, from county records.0.14
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

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 · 0.1 mi
M
Heritage Middle SchoolD+
Middle · Grades 6–8 · 0.5 mi
H
Argo Community High SchoolC
High · Grades 9–12 · 1.0 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

7416 W 56th St 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 more than 98% of homes in Summit Argo 60501
  • Costs less per square foot than 90% of homes in Summit Argo 60501
  • Bigger than 88% of homes in Summit Argo 60501
  • Has a bigger lot than 90% of homes in Summit Argo 60501

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
$167K$427K

This home is worth more than 98% 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$429,928
CheaperTypical $268,524Pricier

Pricier than 98% of homes nearby

Price per ft²$174
CheaperTypical $226Pricier

Pricier than 10% of homes nearby

Living area2,475 ft²
SmallerTypical 1,324 ft²Bigger

Bigger than 88% of homes nearby

Lot size0.14 ac
SmallerTypical 3,746 ft²Bigger

Bigger than 90% of homes nearby

Year built1956
OlderTypical 1952Newer

Newer than 61% of homes nearby

How 7416 W 56th St ranks against every home in each area.
MeasureThis homeSummit Argo 60501Cook County
Estimated valuepricier than$429,92898% of homes68% of homes
Price per ft²pricier than$17410% of homes22% of homes
Living areabigger than2,475 ft²88% of homes81% of homes
Lot sizebigger than0.14 ac90% of homes46% of homes
Year builtnewer than195661% of homes46% of homes

About 7416 W 56th St

How much is 7416 W 56th St, Summit Argo, IL worth?

The TopHap Estimate for 7416 W 56th St, Summit Argo, IL is $429,928 as of Sep 24, 2026. The likely range is $414,220 to $445,636. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7416 W 56th St, Summit Argo, IL last sell?

7416 W 56th St, Summit Argo, IL last sold on Apr 20, 2022 for $365,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 7416 W 56th St, Summit Argo, IL?

7416 W 56th St, Summit Argo, IL has 5 bedrooms, 3 bathrooms, 2,475 square feet of living space and a 0.14-acre lot.

When was 7416 W 56th St, Summit Argo, IL built?

7416 W 56th St, Summit Argo, IL was built in 1956, making it 70 years old. The building has 1 story.

What schools serve 7416 W 56th St, Summit Argo, IL?

7416 W 56th St, Summit Argo, 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 7416 W 56th St, Summit Argo, IL compare to other homes in Summit Argo 60501?

Among the 2,571 homes in Summit Argo 60501, it is worth more than 98% of them ($429,928 against a typical $268,524), its price per square foot is higher than 10% of them ($174 against a typical $226), it is bigger than 88% of them (2,475 ft² against a typical 1,324 ft²), its lot is bigger than 90% of them (0.14 ac against a typical 3,746 ft²) and it is newer than 61% of them (1956 against a typical 1952). Measured against all of Cook County, it is worth more than 68% 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 7416 W 56th St, Summit Argo, IL?

The 2023 property tax bill for 7416 W 56th St, Summit Argo, IL was $10,751. The county assessed it at $31,000.

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