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$419,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 7 Total Beds
  • 4 Car Garage
  • Updated 4 hours ago
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Meticulously maintained brick & frame 3-unit building in a quiet neighborhood in Summit, Illinois! Excellent investment opportunity with strong cash flow potential or perfect for owner-occupants. Currently generating $4,031/month (potential of ~ $5,000/mo. due to current below market rents). Current GRM of 8.65. This spacious ~3,300 sq ft multifamily property sits on an oversized 45x125 lot with side yard. The property features a bottom floor having a large 4 bed / 2 bath owner's unit, upstairs units are a 2 bed / 1 bath unit and a 1 bed / 1 bath unit. Recent updates include: Unit 2F fully remodeled (2022), Unit 1 updated (~2017), Unit 2R features new quartz countertop & ducted range hood. Separate circuit breaker panels and gas meters for each unit. One furnace serves the building. Additional highlights include a detached 4-car garage with artist studio (rented out for storage), full basement with Coin Washer & Dryer, and strong rental appeal. Conveniently located near major highways, with a large community park at the end of the block, offering both accessibility and neighborhood charm. PROOF OF FUNDS REQUIRED PRIOR TO SHOWINGS. Broker Owned Interest.

Full Property Details for 7535 W 58th Pl

General

  • Price: $419,000
  • Taxes: $11,207 (2024)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12466230
  • Updated: 4/14/2026
  • Added to Site: 6 day(s) ago

Rental Information

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

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Other Features: Interstate Access

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 4
  • Parking Features: Yes, Detached, Garage

Location

  • Area: Summit
  • County: Cook
  • Township: Lyons
  • Driving Directions: Take S. Archer to W. 58th Street east turn right on 75th Ave. (South) and turn right (West) onto W 58th Place.

School Information

  • School District: 104
  • Elem School District: 104
  • Midd School District: 104
  • High School District: 217
  • High School: Argo Community High School
  • Private School: Argo Community High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Colonial
  • Architectural Style: Colonial
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1927
  • Built Before 1978: Yes
  • Remodeled/Updated: 2022

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 45 x 125
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1927
  • Tax Amount: $11,207
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 18132270060000

Listed by Certified Realty Group LLC

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— 7535 W 58th Pl —

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Schools serving 7535 W 58th Pl

School Districts:Summit School District 104, Argo Community High School District 217
NameGradesDistance
Walsh Elementary School, Summit, IL
5640 75th Avenue, Summit, IL 60501
PK-40.2 mi
Otis P Graves Elementary School
6021 South 74th Avenue, Summit, IL 60501
PK-40.3 mi
W W Walker Elementary School
7735 66th Place, Bedford Park, IL 60501
K-41 mi
Heritage Middle School, Summit, IL
6021 South 74th Avenue, Summit, IL 60501
6-80.3 mi
Argo Community High School
7329 West 63rd Street, Summit, IL 60501
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7535 W 58th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/08/2026
Listed
$419,000
21.45%
MLS
6/06/2025
Sold
$345,000
—
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 for 7535 W 58th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,956
-21%
$23,999
37%
2022
$3,755
6%
$17,561
—
2021
$3,558
5%
$17,561
—
2020
$3,393
-15%
$17,561
-12%
2019
$4,012
3%
$20,007
—
2018
$3,886
2%
$20,007
—
2017
$3,813
-28%
$20,007
26%
2016
$5,298
-27%
$15,941
—
2015
$7,296
41%
$15,941
—
2014
$5,168
4%
$15,941
-5%
2013
$4,955
-6%
$16,825
—
2012
$5,254
—
$16,825
—
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.

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7535 W 58th Place, Summit, IL 60501 (MLS# 12466230) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 7535 W 58th Place is currently listed for $419,000 and was received on April 08, 2026. Want to learn more about 7535 W 58th 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.

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