1 of 11

Want to see this property?

7318 W Archer Avenue

Summit, IL 60501

4 beds
2 baths
– sqft
1926 build
– on site

Amazing investment opportunity located right off a main road with commercial zoning. This two flat is a Brick Build with both units currently leased out. Both units are 2 Bed and 1 Bath with the lower level being smaller in size. Both units have a 4 season room in front, stainless steel appliances, dishwashers, renovated within the past two years, copper water lines, laundry in building, all utilities paid by tenants except for water, and much more. Parking is off-street and requires a parking tag through the village of summit. Property is being sold AS-IS

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Jan 2, 2025 •

MLS# 12212234 —

The Building

Year Built:

1926
Rebuilt:

No
New Construction:

false
Basement:

None
Exterior Features:

Cable Access

Interior

Room Type:

Den
Rooms Total:

11

Location

Directions:

Archer Ave. East or West to 73rd Ct., North to building. Sits on rear of lot
Location:

87124

The Property

Parcel Number:

18124170220000
Property Type:

Residential Income
Location:

N
Lot Features:

Corner Lot, Fenced Yard, Landscaped, Chain Link Fence, Outdoor Lighting, Sidewalks, Streetlights
Lot Size Dimensions:

29.9X125.5X29.9X125.6
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

8256.19

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas, Forced Air, Baseboard

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School District:

104
Middle Or Junior School District:

104
High School:

Argo Community High School
High School District:

217

The Community

Community Features:

Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

8
Parking Features:

Off Street
Parking Onsite:

Yes
Parking Ownership:

N/A

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/8/24 Dec 8, 2024	Listed / Active	MRED	$374,999	87.5% (22.1% / YR)
12/23/20 Dec 23, 2020		MRED	$200,000	-16.6%
12/8/20 Dec 8, 2020		MRED	$239,900

Want a closer look?

Go see 7318 W Archer Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Summit, IL

Similar sold homes

This multifamily located in Summit, IL 60501 is currently for sale for $374,999. 7318 W Archer Avenue is a – square foot multifamily with 4 beds and 2 baths that has been on Estately for 43 days. This multifamily is in the attendance area of Heritage Middle School, W W Walker Elementary School, Walsh Elementary School, Argo Community High School, and Dr Donald Wharton Elementary School.

Listing courtesy of MRED, Compass, and Kashif Hussain as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jan 2, 2025, 11:40 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.