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7318 W Archer Avenue

Summit, IL 60501

4 beds
2 baths
– sqft
1923 build
– on site

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.

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# 12398404 —

The Building

Year Built:

1923
Rebuilt:

No
New Construction:

false
Construction Materials:

Vinyl Siding, Brick
Basement:

None
Exterior Features:

Lighting

Interior

Room Type:

Den
Rooms Total:

11

Location

Directions:

Archer Ave. East or West to 73rd Ct., North to building. Sits on rear of lot
Location:

87124

The Property

Parcel Number:

18124170220000
Property Type:

Residential Income
Location:

N
Lot Features:

Corner Lot, Landscaped
Lot Size Dimensions:

29.9X125.5X29.9X125.6
Waterfront:

false
Fencing:

Fenced, Chain Link

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

8256

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas, Forced Air, Baseboard

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School District:

104
Middle Or Junior School District:

104
High School:

Argo Community High School
High School District:

217

The Community

Community Features:

Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

8
Parking Features:

Off Street, On Site, Other

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/5/25 Jul 5, 2025	Listed / Active	MRED	$349,880	74.9% (16.5% / YR)
3/5/25 Mar 5, 2025	Sold Subject To Contingencies	MRED
2/26/25 Feb 26, 2025	Price Changed	MRED

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This multifamily located in Summit, IL 60501 is currently for sale for $349,880. 7318 W Archer Avenue is a – square foot multifamily with 4 beds and 2 baths that has been on Estately for 9 days. This multifamily is in the attendance area of Argo Community High School, Dr Donald Wharton Elementary School, W W Walker Elementary School, Walsh Elementary School, and Heritage Middle School.

Listing courtesy of MRED, Compass, and Hisham Bedeir as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jul 12, 2025, 05:10 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.