7318 W Archer Ave Summit, IL 60501
Estimated payment $2,464/month
Highlights
- Landscaped Professionally
- Corner Lot
- Forced Air Heating System
- Argo Community High School Rated A-
- Den
- Baseboard Heating
About This Home
Well-maintained all-brick two-flat in a prime Summit location just off Archer Avenue, priced to move and full of upside. Zoned R-4 with B-2 overlay potential, this is a rare opportunity to own a flexible property in a high-demand pocket-ideal for investors or live-in owners. Each unit offers 2 bedrooms, 1 bathroom, a four-season front room, updated kitchens with stainless steel appliances and dishwashers, and separate private laundry. The building has been thoughtfully upgraded with copper plumbing, separate forced-air heating with central air, and tenants pay all utilities except water. The upper unit is leased through 2026, but the tenant is open to early move-out for an owner-occupant buyer. The lower unit is vacant and ready to go, perfect for immediate occupancy or rental. Off-street parking available through the Village of Summit with permit. Whether you're looking to generate immediate income, house hack, or convert to a hybrid commercial use-this one checks all the boxes. Property is being sold AS-IS. Bring your vision, and act quickly-opportunities like this don't last.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,256
Year Built
- Built in 1923 | Remodeled in 2024
Lot Details
- Lot Dimensions are 29.9x125.5x29.9x125.6
- Chain Link Fence
- Landscaped Professionally
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- Den
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
- Separate Shower
Parking
- 8 Parking Spaces
- Off-Street Parking
Schools
- Argo Community High School
Utilities
- Forced Air Heating System
- Baseboard Heating
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/27/2025 12/27/25 | Price Changed | $339,900 | -2.9% | -- | |
| 11/03/2025 11/03/25 | For Sale | $349,880 | 0.0% | -- | |
| 10/07/2025 10/07/25 | Pending | -- | -- | -- | |
| 08/04/2025 08/04/25 | For Sale | $349,880 | 0.0% | -- | |
| 07/24/2025 07/24/25 | Pending | -- | -- | -- | |
| 07/06/2025 07/06/25 | For Sale | $349,880 | +74.9% | -- | |
| 12/23/2020 12/23/20 | Sold | $200,000 | -16.6% | -- | View Prior Sale |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- | |
| 11/07/2020 11/07/20 | For Sale | $239,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12398404
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