5441 S 74th Ave Summit Argo, IL 60501
Summit AreaEstimated payment $3,093/month
Highlights
- Second Garage
- Georgian Architecture
- Patio
- Argo Community High School Rated A-
- 2.5 Car Detached Garage
- 5-minute walk to Hanover Park
About This Home
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.
Listing Agent
Exit Realty Redefined Brokerage Phone: (847) 903-2924 License #475178105 Listed on: 07/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,497
Year Built
- Built in 1955 | Remodeled in 2026
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 45x125
- Fenced
Parking
- 2.5 Car Detached Garage
- Second Garage
- Parking Available
- Garage Door Opener
- Parking Included in Price
Home Design
- Georgian Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Outdoor Features
- Patio
Schools
- Argo Community High School
Utilities
- Radiator
- Baseboard Heating
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,019 | $26,000 | $4,111 | $21,889 |
| 2024 | $7,019 | $26,000 | $4,111 | $21,889 |
| 2023 | $3,677 | $26,000 | $4,111 | $21,889 |
| 2022 | $3,677 | $14,682 | $3,544 | $11,138 |
| 2021 | $3,647 | $14,680 | $3,543 | $11,137 |
| 2020 | $3,910 | $14,680 | $3,543 | $11,137 |
| 2019 | $6,255 | $17,035 | $3,260 | $13,775 |
| 2018 | $6,047 | $17,035 | $3,260 | $13,775 |
| 2017 | $6,065 | $17,035 | $3,260 | $13,775 |
| 2016 | $5,951 | $15,098 | $2,835 | $12,263 |
| 2015 | $5,710 | $15,098 | $2,835 | $12,263 |
| 2014 | $5,612 | $15,098 | $2,835 | $12,263 |
| 2013 | $4,900 | $14,811 | $2,835 | $11,976 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2026 08/20/26 | Pending | -- | -- | -- |
| 07/15/2026 07/15/26 | For Sale | $449,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Chicago Title | |
| Warranty Deed | $159,000 | Pntn | |
| Warranty Deed | $120,000 | Professional National Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $151,050 | Unknown | |
| Previous Owner | $90,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12705339
APN: 18-12-416-007-0000
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Ask me questions while you tour the home.