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16 Properties Within 0.5 miles of: 7318 W Archer, Summit

7318 W Archer
Summit, IL 60501

  • 4 Beds
  • Built In 1923
Price

$349,880

Est Payment
$2,543 / month (details)  
Taxes
$8,256  
Beds
4  
Rooms
11  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
29.9X125.5X29.9X125.6  
Built
1923  
Neighborhood
Summit  
MLS
#12398404
Status
Active (1 day)

Property Description

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. Property is being sold AS-IS. Bring your vision, and act quickly-opportunities like this don't last.

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air, Baseboard
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Exterior Features
Lighting
Parking
8 Parking Spaces, Off Street, On Site, Other, Parking not included in price
Schools
Argo Community High School (217), District 104

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

07-06-2025 Listed at $349,880
Last Modified 7/6/25 12:06 AM

Nearby Transportation

  • Bus 62H 0.1 mi
  • Bus 62 0.1 mi
  • Bus 55N 0.8 mi
  • Bus 63W 1.0 mi
  • Bus 165 1.2 mi
  • Heritage Corridor 0.7 mi
  • I 55 North 0.5 mi
  • I 55 South 0.6 mi
  • Hwy 171 South 0.6 mi
  • Hwy 171 North 1.8 mi
  • I 294 North 4.7 mi
  • I 294 South 4.9 mi
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