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$325,000
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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.
Full Property Details
Full Property Details for 7318 W Archer Ave
General
- Sold For: $325,000
- Taxes: $8,256 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12398404
Rooms
Bathrooms
- Total Bathrooms: 2
- Bathroom Features: Separate Shower
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service, Commuter Bus, Interstate Access
Exterior
- Exterior Features: Lighting
Parking
- Total Spaces: 8
- Parking Features: Off-Street, Yes, Other
Location
- Area: Summit
- County: Cook
- Driving Directions: Archer Ave. East or West to 73rd Ct., North to building. Sits on rear of lot
School Information
- School District: 104
- Midd School District: 104
- High School: Argo Community High School
- Private School: Argo Community High School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Baseboard
Utilities
- Water: Lake Michigan
- Onsite: Cable Available
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement Desc.: None
- Year Built: 1923
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 29.9 x 125.5 x 29.9 x 125.6
- Fence: Yes
- Lot Features: Corner Lot, Landscaped
- Fencing (Description): Fenced, Chain Link
Financial Considerations
- Assessment Year: 1923
- Tax Amount: $8,256
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 18124170220000
Listed by Compass
Sold by Re/Max 10
Listing agent
— 7318 W Archer Ave —
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7318 W Archer Ave
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 | 0.3 mi |
Otis P Graves Elementary School 6021 South 74th Avenue, Summit, IL 60501 | PK-4 | 0.6 mi |
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501 | K-4 | 1.6 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 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
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7318 W Archer Avenue, Summit, IL 60501 (MLS# 12398404) is a Multi-Family property that was sold at $325,000 on March 23, 2026. Want to learn more about 7318 W Archer Avenue? Do you have questions about finding other Multi-Family real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.