$417,000
- 5 Beds
- 2 Baths
7235 Park Ave, Summit Argo, IL 60501
Darius Henry Exit Real Estate Partners
4
Summit Multifamily Homes & Duplexes for Sale
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7235 Park Ave, Summit Argo, IL 60501
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Explore Summit
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$349,880
- 4 Beds
- 2 Baths
7318 W Archer Ave, Summit, IL 60501
7318 W Archer Ave, Summit, IL 60501Hisham Bedeir Compass
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$369,900
- 5 Beds
- 2 Baths
7341 56th Place, Summit, IL 60501
7341 56th Place, Summit, IL 60501Michael Kaput First United Realtors, Inc.
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$468,500
- 6 Beds
- 3 Baths
7524 W 63rd Place, Summit Argo, IL 60501
7524 W 63rd Place, Summit Argo, IL 60501Luis Ortiz RE/MAX Partners
Why Live in Summit
Summit, located 14 miles southwest of downtown Chicago, is a small suburb known for its historical roots as a corn-processing town. The neighborhood features a variety of single- and multi-family housing options, including bungalows, Cape Cods, and craftsmen homes, with prices generally ranging from $200,000 to $300,000. Summit's housing market is noted for its unique home styles, with no two homes alike. The area is served by a neighborhood train station with Amtrak and Metra services, providing convenient transportation options. Summit is four miles west of Chicago Midway International Airport and five miles east of UChicago Medicine AdventHealth La Grange. The neighborhood is home to Ingredion, one of the largest corn-processing facilities in the world, and ACH Food Companies, making it a significant employment hub. Summit boasts an active park system with four community parks, including the extensive Summit Park, which features trails, a playground, a disc golf course, and a dog park. Local dining options include Portillo's & Barnelli's, Weber's Bakery, and El Faro, while grocery shopping is available at ALDI and nearby Hodgkins. The neighborhood's schools include Argo Community High School, which is highly rated and recognized for its academic performance. Summit Public Library offers various community services, including literacy programs and bilingual tutoring. The crime rate in Summit is lower than the national average, contributing to its appeal as a residential area.
Home Trends in Summit, IL
On average, homes in Summit, IL sell after 37 days on the market compared to the national average of 52 days. The median sale price for homes in Summit, IL over the last 12 months is $259,950, down 4% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$259,950
Median Single Family Sale Price
$283,600
Median Townhouse Sale Price
$282,450
Median 2 Bedroom Sale Price
$176,000
Average Price Per Sq Ft
$207
Number of Homes for Sale
9
Last 12 months Home Sales
30
Months of Supply
3.60
Median List Price
$290,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
In Summit, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $349,880 to $468,500, there's something for every budget. As of September, 2025 the median home price in Summit, Summit is $290,000, while the average sale price is $275,653, providing insight into local market trends. On average, multi-family homes spend 37 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Summit, Summit.
Summit Types of Homes for Sale
More About Living in Summit
Homes in Nearby Neighborhoods
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