$375,000
$349,900
7.2%For more information regarding the value of a property, please contact us for a free consultation.
7349 W Archer Avenue Summit, IL 60501
7 Beds
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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Bought with Rebecca Marquardt • RE/MAX Market