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$100,000
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Property Description
Great opportunity! - Mixed use greystone situated on high traffic count (24,000 car per day) Archer Road, 1st Avenue location. 1,000 sq foot 1st floor commercial space with 2nd floor 1,000 sq ft, 2 bedroom apartment. Plenty of parking (6+) in rear. Perfect for an investor or owner occupied commercial tenant looking for the added income of a second floor apartment. Commercial space offers a lot of potential with many possibilities for office, retail or service occupants. 1st floor is currently vacant. Second floor occupied with month to month tenant. Property is in need of updating and rehab and is priced accordingly. Property is being sold AS-IS.
Full Property Details
Full Property Details for 5535 S Archer Rd
General
- Sold For: $100,000
- Taxes: $6,467 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12315747
- Added to Site: 302 day(s) ago
Location
- Area: Summit
- County: Cook
- Driving Directions: Harlem Avenue to Archer Avenue West to Archer Road South to 5535
- Location Details: Southwest Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Structural Information
- Construction: Block, Brick
- Exterior Const.: Block, Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 1,760
- # of Stores: 1
- Year Built: 1908
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Zoning: COMMR
Financial Considerations
- Assessment Year: 1908
- Tax Amount: $6,467.21
- Tax Year: 2023
Disclosures and Reports
- Property ID: 18132020030000
Listed by Slack Realty Group
Sold by Kale Realty
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Schools
Schools serving 5535 S Archer Rd
School Districts:Summit School District 104, Argo Community High School District 217
| Name | Grades | Distance |
|---|---|---|
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501 | PK-4 | 0.1 mi |
Dr Donald Wharton Elementary School 7555 64th Street, Summit, IL 60501 | 5- | 1.1 mi |
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501 | K-4 | 1.4 mi |
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501 | 6-8 | 0.6 mi |
Argo Community High School 7329 West 63rd Street, Summit, IL 60501 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5535 S Archer Rd
Date
Details
Price
Change
Source
8/20/2025
Sold
$100,000
-20%
MLS
3/21/2025
Listed
$125,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5535 S Archer Road, Summit, IL 60501 (MLS# 12315747) is a Commercial property that was sold at $100,000 on August 20, 2025. Want to learn more about 5535 S Archer Road? Do you have questions about finding other Commercial real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

