7346 W 57th Place Summit, IL $ 409,000
7346 W 57th Place
$ 409,000
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7346 W 57th Place

Summit, IL, 60501
$ 409,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 2,552

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Multi-Family Home for sale in Summit, IL

for $409,000 with 5 bedrooms and 3 full baths. This home was built in 1948 on a lot size of 0.11.

Exceptional opportunity to own a solid and spacious legal 2-unit building in the heart of Summit Argo. Both units offer generously sized bedrooms and large, functional kitchens, providing comfortable living spaces with great natural light and layout flexibility. The property features a full basement with laundry, storage options, and potential for additional improvement or future expansion ideas. A detached 2-car garage and a wide, well-kept backyard add to the usability and long-term appeal of the home. While minor updating is needed, the structure and major components offer a strong foundation for customization-ideal for investors looking to maximize rental income or owner-occupants wanting to build equity. This property delivers outstanding value in a high-demand rental area known for its convenience, community amenities, and easy access to transportation, schools, and shopping. Don't miss this chance to secure a versatile investment with excellent upside potential in a sought-after location.

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Multi-Family Contingent

Price

$ 409,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,649

Style

Bungalow

Lot Size

0.11

Year Built

1948

Town/City

Summit

County/Region

Cook

MLS | Web ID

12513440

Features
Exterior
Model 2 FLAT
Parking Features Garage Door Opener Yes Garage Owned Detached Off Street Side Apron Other Garage
Lot Features Corner Lot
Water Source Lake Michigan Public
Total Parking 4
Foundation Details Concrete Perimeter
Lot Dimensions 40X125
Lot Size Acres 0.11
Waterfront Y/N N
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General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Roof Asphalt
Zoning MULTI
Garage Spaces 2
Architectural Style Bungalow
Construction Materials Brick
Year Built 1948
Township Lyons
Tax Year 2023
Ownership Fee Simple
Gross Income 0
Community Features Park Curbs Sidewalks Street Lights Street Paved
County Cook
Net Operating Income 0
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Other Structures Shed(s)
Total Rooms 13
Status Contingent
Directions HARLEM TO 57TH PL- WEST TO 7346. CORNER PROPERTY.
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Elementary School Walsh Elementary School
Tax Annual Amount 8649
Middle/Junior High School Heritage Middle School
Additional Parcels Y/N N
Standard Status Active Under Contract
Middle/Junior School District 104
Elementary School District 104
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Interior
Basement Finished Full
Total Bedrooms 5
Room Type Utility Room-Lower Level Workshop
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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* Excluded Features
List By
Redfin Corporation

Broker

terrie.whittaker@redfin.com;terriewhittaker@gmail.com

Email

Affordability Calculator

$3,272
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,552
Monthly Property Taxes
$721
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.
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Nearby
5266775 Elementary School
1538363 Middle School
Argo Community High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2025$409,000 Listed Price

Map


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7346 W 57th Place, Summit, IL, 60501 is a Multi-Family Home for sale at $409,000 with a lot size of 0.11. 7346 W 57th Place has 5 bedrooms, 3.0 baths, and was built in 1948. The property's zip code is 60501 which is in Summit, IL