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7318 W Archer Avenue, Summit, IL 60501

Local realty services provided by:CENTURY 21 Circle
7318 W Archer Avenue,Summit, IL 60501
$349,880
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: hisham bedeir
Office: compass
MLS#:12398404
Source:MLSNI

Price summary

  • Price:$349,880

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.

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Home facts

  • Year built:1923
  • Listing ID #:12398404
  • Added:149 day(s) ago
  • Updated:December 23, 2025 at 11:46 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2

Heating and cooling

  • Heating:Baseboard, Forced Air, Natural Gas

Structure and exterior

  • Year built:1923

Schools

  • High school:Argo Community High School

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$349,880
  • Tax amount:$8,256 (2023)
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