7346 W 57th Place, Summit, IL 60501 - Photo 1

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$409,000 Contingent

For Sale
Contingent
Multi-Family
5 Total Beds
2 Car Garage

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Property Description

Exceptional opportunity to own a solid and spacious legal 2-unit building in the heart of Summit Argo. Both units offer generously sized bedrooms and large, functional kitchens, providing comfortable living spaces with great natural light and layout flexibility. The property features a full basement with laundry, storage options, and potential for additional improvement or future expansion ideas. A detached 2-car garage and a wide, well-kept backyard add to the usability and long-term appeal of the home. While minor updating is needed, the structure and major components offer a strong foundation for customization-ideal for investors looking to maximize rental income or owner-occupants wanting to build equity. This property delivers outstanding value in a high-demand rental area known for its convenience, community amenities, and easy access to transportation, schools, and shopping. Don't miss this chance to secure a versatile investment with excellent upside potential in a sought-after location.

Full Property Details

Full Property Details for 7346 W 57th Pl

General

Price: $409,000
Taxes: $8,649 (2023)
Status: Contingent
Type: Multi-Family
Source: MRED
MLS ID: 12513440
Updated: 12/10/2025
Added to Site: 63 day(s) ago

Rental Information

Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Interior

Basement: Finished, F

Rooms

Bathrooms

Total Bathrooms: 3
Upper - Full Baths: 3

Bedrooms

Total Bedrooms: 5

Additional Information

Other Features: Commuter Bus, Interstate Access

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 4
Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Off-Street, Side Apron, Other, Garage

Location

Area: Summit
County: Cook
Township: Lyons
Driving Directions: HARLEM TO 57TH PL- WEST TO 7346. CORNER PROPERTY.

School Information

School District: 104
Elem School District: 104
Midd School District: 104
High School District: 217
Elementary School: Walsh Elementary School
Middle School: Heritage Middle School
High School: Argo Community High School
Private School: Argo Community High School

Heating & Cooling

Heating Type: Natural Gas, Forced Air

Utilities

Sewer: Public Sewer
Water: Lake Michigan, Public

Structural Information

Architectural Info: Bungalow
Architectural Style: Bungalow
Model: 2 FLAT
Construction: Brick
Exterior Const.: Brick
Basement: Yes
Basement Desc.: Finished, Full
Foundation: Concrete Perimeter
Roof: Asphalt
Windows: Screens
Year Built: 1948
Built Before 1978: Yes

Unit Information

Units in Building: 2

Manufactured Home

Model: 2 FLAT

Additional Structures

Other Structures: Shed(s)

Lot Features

Lot Size (Acres): 0.11
Lot Size Range: Less than .25 Acre
Lot Dimensions: 40 x 125
Fence: Yes
Lot Features: Corner Lot
Zoning: MULTI
Fencing (Description): Fenced

Financial Considerations

Parking Included: Yes
Assessment Year: 1948
Tax Amount: $8,649
Tax Year: 2023
Pays Sewer: Public Sewer

Disclosures and Reports

Ownership: Fee Simple
Property ID: 18132170290000

Listed by Redfin Corporation

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Schools

Schools serving 7346 W 57th Pl

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	0.2 mi
Dr Donald Wharton Elementary School 7555 64th Street, Summit, IL 60501	5-	0.9 mi
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501	K-4	1.2 mi
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501	6-8	0.3 mi
Argo Community High School 7329 West 63rd Street, Summit, IL 60501	9-12	0.7 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 7346 W 57th Pl Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/14/2025

Listed

$409,000

144.18%

MLS

9/16/2015

Sold

$167,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 7346 W 57th Pl

Year

Property Taxes

Change

Tax Assessment

Change

2023

$8,649

15%

$28,000

34%

2022

$7,518

$20,844

—

2021

$7,353

-4%

$20,844

—

2020

$7,627

$20,844

2019

$7,205

$19,102

—

2018

$6,966

-18%

$19,102

—

2017

$8,481

28%

$19,102

15%

2016

$6,635

-12%

$16,545

—

2015

$7,573

103%

$16,545

—

2014

$3,728

$16,545

-9%

2013

$3,427

$18,089

—

2012

$3,385

—

$18,089

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 7346 W 57th Pl

7346 W 57th Place, Summit, IL 60501 (MLS# 12513440) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 7346 W 57th Place is currently listed for $409,000 and was received on November 14, 2025. Want to learn more about 7346 W 57th Place? 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.

Tour this property

7346 W 57th Pl Summit, IL 60501

Full Property Details for 7346 W 57th Pl

General

Rental Information

Interior

Rooms

Bathrooms

Bedrooms

Additional Information

Parking

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Manufactured Home

Additional Structures

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

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Schools serving 7346 W 57th Pl

Price & Sales History for 7346 W 57th Pl Get Price Alerts and Save Property

Tax History for 7346 W 57th Pl

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