7318 W Archer Avenue Summit, IL $ 349,880
7318 W Archer Avenue
$ 349,880
Share Save

7318 W Archer Avenue

Summit, IL, 60501
$ 349,880
Bedrooms4 Baths2.0

Monthly Estimate*

$ 2,183

7318 W Archer Avenue, Summit, IL 60501 - Image 1
7318 W Archer Avenue, Summit, IL 60501 - Image 2
7318 W Archer Avenue, Summit, IL 60501 - Image 3
7318 W Archer Avenue, Summit, IL 60501 - Image 4
7318 W Archer Avenue, Summit, IL 60501 - Image 5
7318 W Archer Avenue, Summit, IL 60501 - Image 6
7318 W Archer Avenue, Summit, IL 60501 - Image 7
7318 W Archer Avenue, Summit, IL 60501 - Image 8
7318 W Archer Avenue, Summit, IL 60501 - Image 9
7318 W Archer Avenue, Summit, IL 60501 - Image 10
7318 W Archer Avenue, Summit, IL 60501 - Image 11
7318 W Archer Avenue, Summit, IL 60501 - Image 12
7318 W Archer Avenue, Summit, IL 60501 - Image 13
7318 W Archer Avenue, Summit, IL 60501 - Image 14
7318 W Archer Avenue, Summit, IL 60501 - Image 15
7318 W Archer Avenue, Summit, IL 60501 - Image 16
7318 W Archer Avenue, Summit, IL 60501 - Image 17
7318 W Archer Avenue, Summit, IL 60501 - Image 18
7318 W Archer Avenue, Summit, IL 60501 - Image 19
7318 W Archer Avenue, Summit, IL 60501 - Image 20

Multi-Family Home for sale in Summit, IL

for $349,880 with 4 bedrooms and 2 full baths. This home was built in 1923.

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.

See more

Multi-Family Active

Price

$ 349,880

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,256

Style

Year Built

1923

Town/City

Summit

County/Region

Cook

MLS | Web ID

12398404

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Baseboard
Utilities Cable Available
Possession Closing
Construction Materials Vinyl Siding Brick
Year Built 1923
Township Lyons
Tax Year 2023
Ownership Fee Simple
Community Features Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 11
Status Active
Directions Archer Ave. East or West to 73rd Ct. North to building. Sits on rear of lot
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 8256
Standard Status Active
Middle/Junior School District 104
Elementary School District 104
See more
Interior
Basement None
Total Bedrooms 4
Room Type Den
Total Baths 2
Bedrooms Possible 4
Bathroom Separate Shower
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
See more
Exterior
Exterior Amenities Lighting
Parking Features Off Street Yes Other
Lot Features Corner Lot Landscaped
Water Source Lake Michigan
Total Parking 8
Lot Dimensions 29.9X125.5X29.9X125.6
Waterfront Y/N N
See more
* Excluded Features
List By
Compass

Broker

hisham@bedeirkazmi.com;hisham@bedeirkazmi.com

Email

Affordability Calculator

$2,871
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,183
Monthly Property Taxes
$688
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
564553 Elementary School
564996 Middle School
Argo Community High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2025$349,880 Listed Price

Map


See all

7318 W Archer Avenue, Summit, IL, 60501 is a Multi-Family Home for sale at $349,880. 7318 W Archer Avenue has 4 bedrooms, 2.0 baths, and was built in 1923. The property's zip code is 60501 which is in Summit, IL