Summit, IL 60501 7318 W Archer Avenue
$349,880



15 more
















Presented By: Compass
Home Details
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.
Presented By: Compass
Interior Features for 7318 W Archer Avenue
Bedrooms
Bedrooms Possible4
Total Bedrooms4
Bathrooms
BathroomSeparate Shower
Full Baths Building2
Half Baths Building
Total Baths2
Other Interior Features
BasementNone
Total Number of Units2
Other Rooms
Room TypeDen
General for 7318 W Archer Avenue
CitySummit
Community FeaturesSidewalks, Street Lights, Street Paved
Construction MaterialsVinyl Siding, Brick
CountyCook
DirectionsArcher Ave. East or West to 73rd Ct., North to building. Sits on rear of lot
Elementary School District104
HeatingNatural Gas, Forced Air, Baseboard
High SchoolArgo Community High School
High School District217
MLS AreaSummit
Middle/Junior School District104
ModificationTimestamp2025-08-10T05:07:10.471Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8256
Tax Year2023
Total Rooms11
TownshipLyons
UtilitiesCable Available
Year Built1923
Exterior for 7318 W Archer Avenue
Exterior AmenitiesLighting
Lot Dimensions29.9X125.5X29.9X125.6
Lot FeaturesCorner Lot, Landscaped
OwnerPhone630-935-6527
Parking FeaturesOff Street, On Site, Other
Total Parking8
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
High School
Argo Community High School
Middle School
N/A
