7318 West Archer Avenue, Summit, IL

$349,880

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4

Beds

2

Baths

About 7318 West Archer Avenue

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.

Features of 7318 West Archer Avenue

MLS® # 12398404
Price $349,880
Bedrooms 4
Bathrooms 2.00
Acres 0.00
Year Built 1923
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 7318 West Archer Avenue
Area Summit
City Summit
County Cook
State IL
Zip Code 60501

Amenities

Parking Spaces 8
Parking Off Street, On Site, Other
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air, Baseboard
Fireplace No
Has Basement Yes
Basement None

Exterior

Exterior Vinyl Siding, Brick
Exterior Features Lighting
Lot Description Corner Lot, Landscaped

School Information

District 217
High Argo Community High School

Additional Information

Days on Market 98
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass
Contact Info630-974-6750

Listing Map

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