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7548 W 61st Street Summit, IL $ 330,000
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$ 330,000 Get more info
7548 W 61st Street
$ 330,000
Back to search
Share Save

7548 W 61st Street

Summit, IL, 60501
$ 330,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 2,032

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Multi-Family Home for sale in Summit, IL

for $330,000 with 8 bedrooms and 5 full baths. This home was built in 1915.

Great investment opportunity!**Legal 4-unit building with value-add potential. Village inspection has been completed. Required items include removal of basement kitchen and partition walls to eliminate non-conforming unit, along with minor electrical updates, smoke/CO compliance, and exterior stair repair. Estimated repair scope is straightforward for experienced investors. Property is being sold "as-is". Cash or conventional financing preferred. Excellent upside with stabilized rents once improvements are completed. Contact listing agent for full inspection report.

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Multi-Family Active

Price

$ 330,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 6,987

Style

Year Built

1915

Town/City

Summit

County/Region

Cook

MLS | Web ID

12519853
Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Steam
Possession Negotiable Tenant's Rights
Roof Asphalt
Garage Spaces 2
Construction Materials Frame
Year Built 1915
Township Lyons
Tax Year 2024
Ownership Fee Simple
Gross Income 50400
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Re-activated
Directions Harlem to 61st Street west to the property address
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 6987
Standard Status Active
Middle/Junior School District 104
Elementary School District 104
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Interior
Basement Partially Finished Full
Total Bedrooms 8
Total Baths 5
Bedrooms Possible 8
Full Baths Building 5
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Detached Garage
Water Source Public
Total Parking 2
Lot Dimensions 30x125
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

chicagoagent312@gmail.com;Jose.Hernandez@CBexchange.com

Email

Affordability Calculator

$2,614
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,032
Monthly Property Taxes
$582
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
564553 Elementary School
564996 Middle School
Argo Community High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/28/2026$330,000 -5.71% Price Down
11/18/2025$350,000 Listed Price

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7548 W 61st Street, Summit, IL, 60501 is a Multi-Family Home for sale at $330,000. 7548 W 61st Street has 8 bedrooms, 5.0 baths, and was built in 1915. The property's zip code is 60501 which is in Summit, IL

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