Multi-Family: MLS #12466230 Summit, IL $ 419,000
Multi-Family: MLS #12466230
$ 419,000
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Multi-Family: MLS #12466230

Summit, IL, 60501
$ 419,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 2,580

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Multi-Family Home for sale in Summit, IL

for $419,000 with 7 bedrooms and 4 full baths. This home was built in 1927.

Meticulously maintained brick & frame 3-unit building in a quiet neighborhood in Summit, Illinois! Excellent investment opportunity with strong cash flow potential or perfect for owner-occupants. Currently generating $4,031/month (potential of ~ $5,000/mo. due to current below market rents). Current GRM of 8.65. This spacious ~3,300 sq ft multifamily property sits on an oversized 45x125 lot with side yard. The property features a bottom floor having a large 4 bed / 2 bath owner's unit, upstairs units are a 2 bed / 1 bath unit and a 1 bed / 1 bath unit. Recent updates include: Unit 2F fully remodeled (2022), Unit 1 updated (~2017), Unit 2R features new quartz countertop & ducted range hood. Separate circuit breaker panels and gas meters for each unit. One furnace serves the building. Additional highlights include a detached 4-car garage with artist studio (rented out for storage), full basement with Coin Washer & Dryer, and strong rental appeal. Conveniently located near major highways, with a large community park at the end of the block, offering both accessibility and neighborhood charm. PROOF OF FUNDS REQUIRED PRIOR TO SHOWINGS.

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Multi-Family Active

Price

$ 419,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 11,207

Style

Colonial

Year Built

1927

Town/City

Summit

County/Region

Cook

MLS | Web ID

12466230

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Garage Spaces 4
Architectural Style Colonial
Construction Materials Vinyl Siding
Year Built 1927
Township Lyons
Tax Year 2024
Ownership Fee Simple
Community Features Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions Take S. Archer to W. 58th Street east turn right on 75th Ave. (South) and turn right (West) onto W 58th Place.
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 11207
Standard Status Active
Middle/Junior School District 104
Elementary School District 104
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Interior
Basement Unfinished Full
Total Bedrooms 7
Room Type Workshop
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Detached Garage
Water Source Public
Total Parking 4
Lot Dimensions 45X125
Waterfront Y/N N
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* Excluded Features
List By
Certified Realty Group Llc

Broker

scott@realtyagent.com

Email

Affordability Calculator

$3,514
Per Month
73%
27%
0%
Monthly Principal & Interest
$2,580
Monthly Property Taxes
$934
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
Pricing History
DatePricePrice ChangeDescription
4/9/2026$419,000 Listed Price

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