7318 W Archer Avenue, Summit, IL 60501
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
7318 W Archer Avenue,Summit, IL 60501
$349,880
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:hisham bedeir
Office:compass
MLS#:12398404
Source:MLSNI
Price summary
- Price:$349,880
About this home
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.
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Home facts
- Year built:1923
- Listing ID #:12398404
- Added:61 day(s) ago
- Updated:September 25, 2025 at 07:28 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
Heating and cooling
- Heating:Baseboard, Forced Air, Natural Gas
Structure and exterior
- Year built:1923
Schools
- High school:Argo Community High School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,880
- Tax amount:$8,256 (2023)
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