7349 Archer Avenue, Summit, Illinois 60501
$375,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $8,280 |
| Days On Market: | 939 |
| Lot Size: | 0,00 |
Description
Looking for a lucrative investment opportunity? Look no further! Presenting a fantastic income property in Summit, Illinois-a spacious two-flat plus basement that is sure to capture your attention and maximize your returns. This property offers a unique layout with two separate units, each featuring spacious 3 bedrooms , 1 bathroom. Both units spans across two floors, providing ample space for comfortable living, while the third unit, located in the basement, offers 1 bedroom and 1 bathroom. Investing in this two-flat property presents multiple income streams, allowing you to rent out both units and generate substantial rental income. The layout provides flexibility, catering to a variety of tenants' needs and preferences. Bonus!! All 3 units are already tenants occupied! In addition to the generous living space, this property also features a garage, providing convenience and added value. Tenants will appreciate the parking option, enhancing the overall appeal of this income-generating gem. Located in Summit, Illinois, this property benefits from its strategic location. Summit offers easy access to major transportation routes, making it a desirable destination for commuters. It's also in close proximity to a range of amenities, including shopping centers, restaurants, parks, and entertainment options, ensuring that tenants will have everything they need within reach. Investing in this two-flat property presents a compelling opportunity to diversify your investment portfolio and generate steady rental income. Take advantage of the strong rental market and the potential for long-term appreciation. Selling AS IS . Don't miss out on this investment gem! Contact me today to learn more and seize this lucrative opportunity in Summit, Illinois.
Property Specifics
| Multi-unit | |
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| No | |
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| Cook | |
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| 11813318 | |
| 18132030620000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Walsh Elementary School |
104 | — | |
|
Middle School
Heritage Elementary School |
46 | Not in DB | |
|
High School
Argo Community High School |
217 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 Sep, 2008 | Sold | $309,900 | MRED MLS |
| 3 Jun, 2008 | Under contract | $319,900 | MRED MLS |
| 28 Apr, 2008 | Listed for sale | $319,900 | MRED MLS |
| 9 Aug, 2023 | Sold | $375,000 | MRED MLS |
| 29 Jun, 2023 | Under contract | $349,900 | MRED MLS |
| 21 Jun, 2023 | Listed for sale | $349,900 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: Soaking Tub
Bathroom in Basement: —
Rooms: —
Basement Description: Finished
Other Specifics
| 2.5 | |
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| 33X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2008 | $7,970 |
| 2023 | $8,280 |
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Listing Provided By
Coldwell Banker Realty
