5441 S 74th Avenue
Summit, IL, 60501 $ 449,900
Bedrooms6 Baths3.0 Sq 1,557 Monthly Estimate*
$ 2,841
for $449,900 with 6 bedrooms and 3 full baths. This 1,557 square foot home was built in 1955 on a lot size of 0.13.
Excellent Investment Opportunity - Beautifully Updated Brick Two-Flat with Finished Basement in Summit! Welcome to this beautifully updated and exceptionally well-maintained all-brick two-flat, ideally located in the heart of Summit. Whether you're looking to expand your investment portfolio or searching for an owner-occupied property with excellent income potential, this versatile building offers outstanding value, quality updates, and exceptional flexibility. The property features two spacious 2-bedroom, 1-bathroom apartments, each offering bright and inviting living areas, generously sized bedrooms, ample closet space, beautifully updated kitchens, modern bathrooms, durable engineered flooring throughout, and fresh interior paint. Both units and the basement have been thoughtfully renovated, creating move-in-ready living spaces with contemporary finishes and timeless appeal. The finished basement, offering approximately 800 square feet of additional living space, includes 2 additional bedrooms, 1 full bathroom, a dedicated laundry room, and abundant storage, providing exceptional flexibility for a variety of living arrangements. Buyers are encouraged to verify all intended uses with the Village of Summit. Additional improvements include a roof approximately seven years old, updated interior finishes throughout the property, and meticulous maintenance that provides peace of mind for years to come. Outside, you'll enjoy a fully fenced backyard, a spacious patio ideal for relaxing or entertaining, an oversized 2.5-car detached garage, and an additional parking pad accommodating up to two extra vehicles, providing ample off-street parking for residents and guests. Conveniently located with easy access to I-55, I-294, Harlem Avenue, Archer Avenue, Pace bus service, Metra commuter rail, Midway Airport, shopping, restaurants, parks, schools, and everyday conveniences, this location offers an easy commute to downtown Chicago and surrounding suburbs. Summit continues to attract both homeowners and investors thanks to its convenient location, strong rental demand, and excellent accessibility. The property offers a total of 6 bedrooms and 3 full bathrooms, making it an outstanding opportunity for owner-occupants, multigenerational living, or investors seeking long-term income potential. Combining quality updates, classic brick construction, abundant parking, and an exceptional location, this move-in-ready property is one you won't want to miss.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Baseboard Radiator(s)
Possession Closing Immediate
Roof Asphalt
Zoning MULTI
Garage Spaces 2.5
Architectural Style Georgian
Construction Materials Brick
Year Built 1955
Township Lyons
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Other Structures Second Garage
Total Rooms 11
Status New
Directions ARCHER AVE NORTH TO 74TH AVE TO 5441
High School Argo Community High School
City Summit
High School District 217
MLS Area Summit
Tax Annual Amount 7497.42
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=mPEd9iRf3mE&mls=1
Standard Status Active
Middle/Junior School District 104
Elementary School District 104
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InteriorBasement Finished Walk-Up Access Full
Total Bedrooms 6
Total Baths 3
Bedrooms Possible 6
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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ExteriorParking Features Garage Door Opener Yes Garage Owned Detached Garage
Water Source Lake Michigan Public
Total Parking 2.5
Foundation Details Concrete Perimeter
Lot Dimensions 45X125
Lot Size Acres 0.13
Waterfront Y/N N
Other Equipment CO Detectors Ceiling Fan(s)
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* Excluded FeaturesList ByExit Realty RedefinedBroker
slawekexitbroker@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,841
- Monthly Property Taxes
- $625
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbyMulti-family listings in Summit, IL
Average List Price $528,725
Percent of Sale Price 18%
About Summit, IL 10,949 Population
3% Since 2002
$ 47,359 Median Income
33.33 Median Age
45% Households with Children
Trends Information provided by ATTOM Data Solutions.
564553 Elementary School
564996 Middle School
Argo Community High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $449,900 | | Listed Price |