$365,000
SOLD MAR 12, 2026

7346 W 57th Place Summit Argo, IL 60501

5 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot Lot

Sale Details

Date Sold: March 12, 2026

11% Below List Price

25 on Market

Highlights

  • Deck
  • Property is near park
  • Lower Floor Utility Room
  • Argo Community High School Rated A-
  • Corner Lot
  • Workshop

About This Home

As of March 2026

Exceptional opportunity to own a solid and spacious legal 2-unit building in the heart of Summit Argo. Both units offer generously sized bedrooms and large, functional kitchens, providing comfortable living spaces with great natural light and layout flexibility. The property features a full basement with laundry, storage options, and potential for additional improvement or future expansion ideas. A detached 2-car garage and a wide, well-kept backyard add to the usability and long-term appeal of the home. While minor updating is needed, the structure and major components offer a strong foundation for customization-ideal for investors looking to maximize rental income or owner-occupants wanting to build equity. This property delivers outstanding value in a high-demand rental area known for its convenience, community amenities, and easy access to transportation, schools, and shopping. Don't miss this chance to secure a versatile investment with excellent upside potential in a sought-after location.

Last Agent to Sell the Property

Terrie Whittaker

Redfin Corporation Brokerage Phone: (312) 836-4263 License #471017483 Listed on: 11/14/2025

Redfin Corporation

Last Buyer's Agent

Andres Olaez

Keller Williams ONEChicago License #475180182

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,649

Year Built

  • Built in 1948

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Fenced
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Available
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Window Screens
  • Workshop
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near park

Schools

  • Walsh Elementary School
  • Heritage Middle School
  • Argo Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • 2 Flat

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,649

Year Built

Built in 1948

Lot Details

4,792 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1948
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (312) 836-4263
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Utility Room-Lower Level, Workshop
  • Window Features: Screens
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Off Street, Side Apron, Other, Garage
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 0

Schools

  • Elementary School: Walsh Elementary School
  • High School: Argo Community High School
  • Middle/Junior School: Heritage Middle School
  • Elementary School #2: Dr Donald Wharton Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.11
  • Lot Dimensions: 40X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8649
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2026 03/12/26 Sold $365,000 -10.8% --
12/09/2025 12/09/25 Pending -- -- --
11/14/2025 11/14/25 For Sale $409,000 +144.3% --
09/16/2015 09/16/15 Sold $167,400 -1.5% -- View Prior Sale
07/29/2015 07/29/15 Pending -- -- --
07/23/2015 07/23/15 Price Changed $169,900 0.0% --
07/23/2015 07/23/15 For Sale $169,900 -7.7% --
05/10/2015 05/10/15 Pending -- -- --
05/04/2015 05/04/15 Price Changed $184,000 -5.2% --
04/17/2015 04/17/15 For Sale $194,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $8,649 $28,000 $3,596 $24,404
2024 $8,649 $28,000 $3,596 $24,404
2023 $7,518 $28,000 $3,596 $24,404
2022 $7,518 $20,845 $3,100 $17,745
2021 $7,353 $20,844 $3,100 $17,744
2020 $7,627 $20,844 $3,100 $17,744
2019 $7,205 $19,102 $2,852 $16,250
2018 $6,966 $19,102 $2,852 $16,250
2017 $8,481 $19,102 $2,852 $16,250
2016 $6,635 $16,545 $2,480 $14,065
2015 $7,573 $16,545 $2,480 $14,065
2014 $3,728 $16,545 $2,480 $14,065
2013 $3,427 $18,089 $2,480 $15,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12513440

Midwest Real Estate Data (MRED)
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