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.
Active
$349,880
7318 W Archer Ave, Summit Argo, IL 60501
4beds
--sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 165 days |
- 567 |
- 48 |
Zillow last checked: 8 hours ago
Listing updated: November 08, 2025 at 10:06pm
Listing courtesy of:
Hisham Bedeir, ABR,PSA,RSPS,SRS 630-935-6527,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12398404
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Den
Bathroom
- Features: Separate Shower
Heating
- Natural Gas, Forced Air, Baseboard
Features
- Basement: None
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Other
Features
- Exterior features: Lighting
- Fencing: Fenced,Chain Link
Lot
- Dimensions: 29.9X125.5X29.9X125.6
- Features: Corner Lot, Landscaped
Details
- Parcel number: 18124170220000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 1923
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Sidewalks, Street Lights, Street Paved
Location
- Region: Summit Argo
Financial & listing details
- Annual tax amount: $8,256
- Date on market: 7/6/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Listed for sale | $349,880 |
Source: | ||
| 10/9/2025 | Contingent | $349,880 |
Source: | ||
| 8/4/2025 | Listed for sale | $349,880 |
Source: | ||
| 7/26/2025 | Contingent | $349,880 |
Source: | ||
| 7/6/2025 | Listed for sale | $349,880+7.7% |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,366/mo
Principal & interest
$1696
Property taxes
$548
Home insurance
$122
Climate risks
Neighborhood: 60501
Nearby schools
GreatSchools rating
- 5/10Walsh Elementary SchoolGrades: K-4Distance: 0.3 mi
- 4/10Heritage Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Argo Community High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- High: Argo Community High School
- District: 104
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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