7318 W Archer AVE new Save Request In-Person Tour Request Virtual Tour
Summit,IL 60501
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12398404
Bedrooms 4
Year Built 1923
Annual Tax Amount $8,256
Tax Year 2023
Lot Dimensions 29.9X125.5X29.9X125.6
Property Sub-Type Two to Four Units
Property 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.
Location
State IL
County Cook
Area Summit
Rooms
Basement None
Interior
Heating Natural Gas,Forced Air,Baseboard
Fireplace N
Exterior
Exterior Feature Lighting
Community Features Sidewalks,Street Lights,Street Paved
Utilities Available Cable Available
Building
Lot Description Corner Lot,Landscaped
Dwelling Type Two to Four Units
Building Description Vinyl Siding,Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding,Brick
New Construction false
Schools
High Schools Argo Community High School
School District 104 ,104, 217
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany