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7318 W Archer Avenue, 
Summit, IL 60501

$349,880


4

Beds


2

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Hisham Bedeir

Compass

Last updated:

July 27, 2025, 07:43 AM

MLS#

12398404

Source:

MLSNI

About This Home

7318 W Archer Avenue

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.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1923

Price Summary

349,880

MLS #:

12398404

Last Updated:

July 27, 2025, 07:43 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1923


Finances & Disclosures

Finances

Price:

$349,880

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