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About the Listing 27034 - 243713
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.
Listing Highlights for 7318 W Archer Ave
Status
Active
Days on Site
129
Property Type
Multi-Family
MLS ®
12398404
Year Built
1923
Total Square Footage
0
Lot/Acreage
29.9X125.5X29.9X125.6
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Lake Michigan
Exterior Details
- Lot Description: Corner Lot,Landscaped
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 29.9X125.5X29.9X125.6
- Roof:
- Others: Lighting
- Sewer: Public Sewer
- Parking Features: Off Street,Yes
Financial Details
- Tax Amount: $8,256
- Taxes w/Assessments: N/A
- Tax/Property ID: 18124170220000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
7318 W Archer Ave Summit, IL 60501
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