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$325,000
4
beds
2
baths

7318 W Archer Avenue
Summit, Illinois 60501

Closed / MLS #12398404 / Multiple Unit (2-4) / Summit
Listing information updated 3/25/2026 at 6:04am
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.
Exterior Type:
Vinyl Siding,Brick
Basement:
None
Beds Above Grade:
4
Heating System:
Natural Gas, Forced Air, Baseboard
Pool:
No
Age:
100+ Years
Parking Type:
Off Street,Yes,Other
Parking Spaces:
8
Room Count:
11
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Tax Amount:
$8,256
Tax Year:
2023
Zip Code:
60501
City:
Summit
County:
Cook
School District(s):
104, 217
Elementary School:
N/A
Middle School:
N/A
High School:
Argo Community High School

Listing Office: Compass

Listing Office Phone: 630.974.6750

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/25/2026 at 6:04am. 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. Some listings have been excluded from this website.

Summit, IL

The Village of Summit is a pretty sweet place to call home for residents and for industry. The village is home to several food-related businesses and manufacturers of corn syrup, baking powder and cooking oil. The largest corn milling and processing plant in the world is located in a section called...

Metra

Metra
Heritage Corridor line at Summit Metra
$310,222
Average Sale Price
80
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 7318 W Archer Avenue, Summit, IL 60501
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7318 W Archer Avenue, Summit, IL 60501 is a multiple unit (2-4) which sold for $325,000. 7318 W Archer Avenue features 4 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since July 6th, 2025 and was built in 1923. Nearby schools include Argo Community High School. The nearest transit stops include Summit Metra Metra Heritage Corridor line.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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