7548 W 61st St Summit, IL 60501
Estimated payment $2,386/month
Highlights
- 2 Car Detached Garage
- Forced Air Heating System
- Heating System Uses Steam
- Argo Community High School Rated A-
About This Home
Great investment opportunity! This legal 4-unit frame building offers tremendous potential and is being sold as-is. The property includes two 2BD/1BA units in the front and two smaller rear units with more compact bedrooms. City violations are present, and the Village of Summit requires the buyer to post a $30,000 bond. Cash offers preferred. Don't miss this value-add opportunity with excellent upside for the right investor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,987
Year Built
- Built in 1915
Parking
- 2 Car Detached Garage
- Parking Available
- Parking Included in Price
Home Design
- Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 5 Bathrooms
Schools
- Argo Community High School
Utilities
- Forced Air Heating System
- Heating System Uses Steam
- Heating System Uses Natural Gas
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 30x125
Community Details
- 4 Units
- Gross Income $50,400
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $350,000 | 0.0% | -- |
| 01/06/2026 01/06/26 | Pending | -- | -- | -- |
| 11/18/2025 11/18/25 | For Sale | $350,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12519853
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Ask me questions while you tour the home.