Summit, IL 60501,7349 W Archer Avenue
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Summit, IL 60501,7349 W Archer Avenue
Summit, IL 60501,7349 W Archer Avenue
Summit, IL 60501,7349 W Archer Avenue
Summit, IL 60501,7349 W Archer Avenue

$375,000

Est. payment /mo

$349,900

7.2%
Est.Price: ?

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7349 W Archer Avenue Summit, IL 60501

7 Beds

SOLD DATE : 08/09/2023

Key Details

Sold Price $375,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11813318

Sold Date 08/09/23

Bedrooms 7

Annual Tax Amount $8,280

Tax Year 2021

Lot Dimensions 33X125

Property Description

Looking for a lucrative investment opportunity? Look no further! Presenting a fantastic income property in Summit, Illinois-a spacious two-flat plus basement that is sure to capture your attention and maximize your returns. This property offers a unique layout with two separate units, each featuring spacious 3 bedrooms , 1 bathroom. Both units spans across two floors, providing ample space for comfortable living, while the third unit, located in the basement, offers 1 bedroom and 1 bathroom. Investing in this two-flat property presents multiple income streams, allowing you to rent out both units and generate substantial rental income. The layout provides flexibility, catering to a variety of tenants' needs and preferences. Bonus!! All 3 units are already tenants occupied! In addition to the generous living space, this property also features a garage, providing convenience and added value. Tenants will appreciate the parking option, enhancing the overall appeal of this income-generating gem. Located in Summit, Illinois, this property benefits from its strategic location. Summit offers easy access to major transportation routes, making it a desirable destination for commuters. It's also in close proximity to a range of amenities, including shopping centers, restaurants, parks, and entertainment options, ensuring that tenants will have everything they need within reach. Investing in this two-flat property presents a compelling opportunity to diversify your investment portfolio and generate steady rental income. Take advantage of the strong rental market and the potential for long-term appreciation. Selling AS IS . Don't miss out on this investment gem! Contact me today to learn more and seize this lucrative opportunity in Summit, Illinois.

Location

State IL

County Cook

Rooms

Basement Partial

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.5

Waterfront false

View Y/N true

Roof Type Asphalt

Building

Lot Description Outdoor Lighting, Sidewalks, Streetlights

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

Elementary Schools Walsh Elementary School

Middle Schools Heritage Elementary School

High Schools Argo Community High School

School District 104, 46, 217

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Justyna Burliga • Coldwell Banker Realty
Bought with Rebecca Marquardt • RE/MAX Market

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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