7318 Archer Avenue, Summit, Illinois 60501
$349,880
|
For Sale
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| Status: | Re-activated |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1923 |
| Property Taxes: | $8,256 |
| Days On Market: | 121 |
| Lot Size: | 0,00 |
Description
Well-maintained all-brick two-flat in a prime Summit location just off Archer Avenue, priced to move and full of upside. Zoned R-4 with B-2 overlay potential, this is a rare opportunity to own a flexible property in a high-demand pocket-ideal for investors or live-in owners. Each unit offers 2 bedrooms, 1 bathroom, a four-season front room, updated kitchens with stainless steel appliances and dishwashers, and separate private laundry. The building has been thoughtfully upgraded with copper plumbing, separate forced-air heating with central air, and tenants pay all utilities except water. The upper unit is leased through 2026, but the tenant is open to early move-out for an owner-occupant buyer. The lower unit is vacant and ready to go, perfect for immediate occupancy or rental. Off-street parking available through the Village of Summit with permit. Whether you're looking to generate immediate income, house hack, or convert to a hybrid commercial use-this one checks all the boxes. Property is being sold AS-IS. Bring your vision, and act quickly-opportunities like this don't last.
Property Specifics
| Multi-unit | |
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| 1923 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12398404 | |
| 18124170220000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
High School
Argo Community High School |
217 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Dec, 2020 | Sold | $200,000 | MRED MLS |
| 8 Dec, 2020 | Under contract | $239,900 | MRED MLS |
| 7 Nov, 2020 | Listed for sale | $239,900 | MRED MLS |
| 6 Jul, 2025 | Listed for sale | $349,880 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: Separate Shower
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 29.9X125.5X29.9X125.6 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $2,526 |
| 2025 | $8,256 |
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