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$350,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 8 days ago
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Great investment opportunity! This legal 4-unit frame building offers tremendous potential and is being sold as-is. The property includes two 2BD/1BA units in the front and two smaller rear units with more compact bedrooms. City violations are present, and the Village of Summit requires the buyer to post a $30,000 bond. Cash offers preferred. Don't miss this value-add opportunity with excellent upside for the right investor.

Full Property Details for 7548 W 61st St

General

  • Price: $350,000
  • Taxes: $6,987 (2024)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12519853
  • Updated: 1/7/2026
  • Added to Site: 58 day(s) ago

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 5

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Detached, Garage

Location

  • Area: Summit
  • County: Cook
  • Township: Lyons
  • Driving Directions: Harlem to 61st Street, west to the property address

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, Forced Air, Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Roof: Asphalt
  • Year Built: 1915
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 30 x 125

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1915
  • Tax Amount: $6,987
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 18134110200000
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

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— 7548 W 61st St —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7548 W 61st St

School Districts:Summit School District 104, Argo Community High School District 217
NameGradesDistance
Dr Donald Wharton Elementary School
7555 64th Street, Summit, IL 60501
5-0.4 mi
Walsh Elementary School, Summit, IL
5640 75th Avenue, Summit, IL 60501
PK-40.5 mi
W W Walker Elementary School
7735 66th Place, Bedford Park, IL 60501
K-40.7 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
9-120.4 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 7548 W 61st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/18/2025
Listed
$350,000
113.41%
MLS
11/16/2001
Sold
$164,000
—
Public Record
Get Price Alerts and Save Property
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 7548 W 61st St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,546
6%
$21,999
24%
2022
$6,196
2%
$17,782
—
2021
$6,068
-4%
$17,782
—
2020
$6,310
-4%
$17,782
—
2019
$6,592
3%
$17,768
—
2018
$6,372
—
$17,768
—
2017
$6,390
7%
$17,768
18%
2016
$5,959
4%
$15,114
—
2015
$5,717
2%
$15,114
—
2014
$5,619
-1%
$15,114
-10%
2013
$5,670
-5%
$16,726
—
2012
$5,959
—
$16,726
—
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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7548 W 61st Street, Summit, IL 60501 (MLS# 12519853) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 7548 W 61st Street is currently listed for $350,000 and was received on November 18, 2025. This property is listed by Jose Hernandez from our Lincoln Park Office.Want to learn more about 7548 W 61st Street? 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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