Closed
$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#: 11813318
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
| Date | Event | Price |
|---|---|---|
| 8/9/2023 | Sold | $375,000+7.2% |
Source: | ||
| 6/30/2023 | Contingent | $349,900 |
Source: | ||
| 6/21/2023 | Listed for sale | $349,900+12.9% |
Source: | ||
| 9/9/2008 | Sold | $309,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 5/10Walsh Elementary SchoolGrades: K-4Distance: 0.3 mi
- 4/10Heritage Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Argo Community High SchoolGrades: 9-12Distance: 1 mi
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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$439,200
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With Zillow Showcase(estimated)
$447,984