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  • $375,000

    7349 W Archer Ave, Summit Argo, IL 60501

    7beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $439,200 Zestimate®
    $--/sqft
    $2,016 Estimated rent

    Home value

    $439,200

    $404,000 - $474,000

    $2,016/mo

    Zestimate® history
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    What's special

    Looking for a lucrative investment opportunity? Look no further! Presenting a fantastic income property in Summit, Illinois-a spacious two-flat plus basement that is sure to capture your attention and maximize your returns. This property offers a unique layout with two separate units, each featuring spacious 3 bedrooms , 1 bathroom. Both units spans across two floors, providing ample space for comfortable living, while the third unit, located in the basement, offers 1 bedroom and 1 bathroom. Investing in this two-flat property presents multiple income streams, allowing you to rent out both units and generate substantial rental income. The layout provides flexibility, catering to a variety of tenants' needs and preferences. Bonus!! All 3 units are already tenants occupied! In addition to the generous living space, this property also features a garage, providing convenience and added value. Tenants will appreciate the parking option, enhancing the overall appeal of this income-generating gem. Located in Summit, Illinois, this property benefits from its strategic location. Summit offers easy access to major transportation routes, making it a desirable destination for commuters. It's also in close proximity to a range of amenities, including shopping centers, restaurants, parks, and entertainment options, ensuring that tenants will have everything they need within reach. Investing in this two-flat property presents a compelling opportunity to diversify your investment portfolio and generate steady rental income. Take advantage of the strong rental market and the potential for long-term appreciation. Selling AS IS . Don't miss out on this investment gem! Contact me today to learn more and seize this lucrative opportunity in Summit, Illinois.

    Zillow last checked: 8 hours ago

    Listing updated: August 09, 2023 at 03:00pm

    Listing courtesy of:

    Justyna Burliga 708-717-5701,

    Coldwell Banker Realty

    Bought with:

    Rebecca Marquardt

    RE/MAX Market

    Source: MRED as distributed by MLS GRID,MLS#: 11813318MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Soaking Tub
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Partial

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Garage Door Opener, Off Site, Garage Owned, Detached, Garage
    • Garage spaces: 2.5
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Lighting
    Lot
    • Size: 4,125 sqft
    • Dimensions: 33X125
    Details
    • Parcel number: 18132030620000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Concrete
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Community
    • Community features: Sidewalks, Street Lights
    Location
    • Region: Summit Argo

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/9/2023Sold$375,000+7.2%
    Source: MRED as distributed by MLS GRID #11813318
    6/30/2023Contingent$349,900
    Source: MRED as distributed by MLS GRID #11813318
    6/21/2023Listed for sale$349,900+12.9%
    Source: MRED as distributed by MLS GRID #11813318
    9/9/2008Sold$309,900
    Source: MRED as distributed by MLS GRID #06878068

    Public tax history

    YearProperty taxesTax assessment
    2023$11,212 +31.8%$31,999 +62.3%
    2022$8,509 +2.8%$19,721
    2021$8,280 -2.3%$19,721

    Find assessor info on the county website

    Neighborhood: 60501

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Walsh Elementary School
    • Middle: Heritage Elementary School
    • High: Argo Community High School
    • District: 104

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $439,200
    2% more+ $8,784
    With Zillow Showcase(estimated)
    $447,984